‘Staycation nation’ increases value of holiday lets

The UK has become a nation of staycationers, which in turn has caused the price of holiday homes to soar, according to research1. The purchase price of holiday lets increased by 12% between October 2020 (£387,993 on average) and March 2021 (£435,476 on average), based on holiday home mortgage applications. Sharp rise in mortgage applications […]

News in Review

“We think now is the right moment to proceed” In Monday’s Downing Street briefing, Prime Minister Boris Johnson confirmed that almost all remaining coronavirus restrictions will lift on Monday 19 July, despite cases and hospital admissions rising, as it was felt that a further delay could risk a bigger surge in the autumn. Although stating […]

News in Review

“We must take a careful and a balanced decision” In a Downing Street briefing on Monday, Prime Minister Boris Johnson said ministers will make a final decision on 12 July, whether step four of restriction easing would happen as planned on 19 July. Most legal restrictions look set to be scrapped, with face masks no longer […]

News in Review

‘The Committee judges that UK inflation expectations remain well anchored’ Last week, the Bank of England’s Monetary Policy Committee (MPC), unanimously voted to maintain base rates at an all-time low of 0.1%. In a statement released on Thursday, the MPC shrugged off concerns over a pick-up in inflation, saying its expectation is that ‘the economy […]

News in Review

“There is pent-up demand and ambition across many sectors” Last Friday, the Confederation of British Industry (CBI) published its latest economic forecast, which predicts UK GDP growth is set to bounce back to pre-COVID levels by the end of the year, despite the four-week delay in lifting all lockdown restrictions. The industry body said the […]

Could you be invalidating your home insurance without realising?

Home insurance may not be a legal requirement, but it’s essential if you want to protect your belongings against theft or damage. Avoid invalidating your cover Even households that have cover in place need to take care to ensure they don’t accidentally render their policy worthless. Although many householders are aware that actions such as […]