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Main four critical illnesses take more than £15bn out of the UK economy each year

Latest figures from Legal and General have found that the four main critical illnesses have a huge impact on the UK economy. In fact, cancer, multiple sclerosis (MS), strokes and coronary heart disease have a combined impact on the UK economy of £15.2bn*. What this means to individuals and families Adam Nanson from Your Mortgage Expert comments: “The sad truth is that, when people fall ill, they generally have to take time off work and, in most cases, a cough or a cold means a few days’ of work missed. But, this research shows that in the unfortunate event that an individual comes down with a more serious illness, it means more time off work and a huge impact on productivity. “Whilst this research is mainly focusing on the impact to UK workforces, it is important to consider how time off work impacts the finances of individuals. Especially those whose employers don’t provide sickness pay for extended periods or those who are self-employed.” How Your Mortgage Expert can help Adam Nanson continues: “The question we ask our clients is that, if you were to come down with a serious, critical illness, would you be adequately protected to pay your ongoing bills should you be unable to work for any length of time? “Whether people have taken their mortgage out with us or not, we can help clients understand if they have adequate levels of cover to protect them. We will take the time to talk you through all your options, look at all your income and expenditure, see what you are provided through your current employment and provide you with the necessary advice. “At Your Mortgage Expert, we offer advice on a range of protection products to help look after you and your family. Some of these products can be complicated so we believe it’s best to speak to someone to find out what’s most suitable for you. Contact Your Mortgage Expert to have an in-depth, no obligation conversation about your life, critical illness and income protection needs.” To find out more about the protection products Your Mortgage Expert can advise you on, take a look at our dedicated page. Alternatively, contact us. We don’t charge for a consultation, so by speaking with us, you won’t be under any obligation. To find out more about our services and how we operate, visit our about us section. IF THE POLICY HAS NO INVESTMENT ELEMENT THEN IT WILL HAVE NO CASH IN VALUE AT ANY TIME AND WILL CEASE AT THE END OF THE TERM. IF PREMIUMS ARE NOT MAINTAINED, THEN COVER WILL LAPSE. THE POLICY MAY NOT COVER ALL THE DEFINITIONS OF A CRITICAL ILLNESS. FOR DEFINITIONS PLEASE REFER TO THE KEY FEATURES AND POLICY DOCUMENT. The information contained within this article was correct at the time of publication. It is intended for information only and does not constitute advice. TenetLime Ltd cannot be held responsible for information that was correct at the time of publication but subsequently changes or goes out of date due to changes in legislation. For further information, contact Your Mortgage Expert on 01722 322683. Please note, by clicking on the link below you will be departing from the regulated site of Your Mortgage Expert Ltd. Neither Your Mortgage Expert Ltd nor TenetLime Ltd are responsible for the accuracy of the information contained within the non-regulated site. Source correct at time of publication: *Source: https://www.healthinsurancedaily.com/health-insurance/product-area/life-critical-illness/article486955.ece

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Help to Buy Scheme to end in March 2023

Help to Buy Scheme to end in March 2023

In the latest Budget, the Chancellor Philip Hammond announced that the Help to Buy scheme would close in March 2023. He also revealed that the current Help to Buy Equity Loan scheme will change from 2021 to try and ensure it is targeted at those who need it most, ie First Time Buyers. He said that the Government does not intend to introduce a further Help to Buy Equity Loan scheme after March 2023*. (more…)

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Your Mortgage Expert celebrates third anniversary

On 28th August, Your Mortgage Expert will celebrate their third year of trading. Dedicated to offering mortgage and protection advice to Salisbury and the surrounding area, the family run business has gone from strength to strength since opening their doors for business in 2015. Some of the business highlights over the last three years include:
  • Opening a central Salisbury office enabling customers to meet us face to face
  • Building a team of Six staff members, dedicated to helping Salisbury people
  • Finalists in the Small Business Category of the South Wilts Business of the Year Awards 2018
  • Winners in the New Business Category of the South Wilts Business of the Year Awards 2017
  • Helping over 500 home owners to complete on their mortgage
Adam Nanson, Managing Director of Your Mortgage Expert comments on the business success: “I’m incredibly proud to have built up such a strong and profitable business and to have helped so many customers. In 2015, we recognised a gap in the Salisbury market to a mortgage advice firm based in the centre of the town, dedicated to offering advice to local people. And the recognition we have received from the South Wilts Business Awards in both years we have participated shows us that we are running a great business, the right way. “2018 has been a challenging year for all Salisbury businesses. With the Beast from the East which was followed by the two Novichok poisoning incidents. Added to that, we’ve still got the Brexit negotiations hanging over our heads as well as threats of further interest rate rises. “We are still growing in the face of fairly uncertain times. This demonstrates to me that people need, more than ever, to be given experienced, expert, independent advice to help them make decisions on what still remains the biggest single purchase they will make in their life time. And, that it is more important than ever that a business like ours builds up a network of strong contacts from within the local community who work together to support each other and to help like minded business grow.” Your Mortgage Expert is an independent mortgage broker firm based in Salisbury, but we can help you no matter where you live in the UK. We have access to all the current deals and are not tied to one particular bank or lender and can make the most suitable recommendation for you based on your circumstances. Some of the deals may only be available through independent advisers like us. To speak to Your Mortgage Expert about your next mortgage, ring them now on 01722 322683 or complete a contact us form on the website and let him know when someone can call you back. We don’t charge for an initial consultation, so by speaking with us, you won’t be under any obligation. To find out more about our services and how we operate, visit our about us section of our website. The information contained within this article was correct at the time of publication. It is intended for information only and does not constitute advice. TenetLime cannot be held responsible for information that was correct at the time of publication but subsequently changes or goes out of date due to changes in legislation. For further information, contact Your Mortgage Expert on 01722 322683. A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT. YOU MAY NEED TO PAY AN EARLY REPAYMENT CHARGE TO YOUR EXISTING LENDER IF YOU REMORTGAGE.  

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First time buyer sales are up since Stamp Duty changes

According to NAEA Propertymark, changes made by the Chancellor last year to offer relief to first time buyers purchasing properties under £300,000 seem to be encouraging more buyers onto the market. With, year on year, first time buyer sales the highest since February 2015*. The trade body said that the Chancellor’s first-time buyer stamp duty relief is having the desired effect, as sales to the group rose to 29% in February, from 27% in January. (more…)

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Homeowners spend more than £40bn on home improvements

According to the NAEA Propertymark, over the past five years, British homeowners have spent £41bn on home improvements. The research from NAEA Propertymark also found that 1 in 10 homeowners carried out improvements because the cost of moving was too high. And, a quarter thought that home improvements would be a good investment and increase the value of their property*. (more…)

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