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Continued high inflation is prompting over 50s to reconsider whether they really need their life insurance policies, research has suggested¹, sparking fears of vulnerabilities.

Roughly nine in ten homes have underestimated the amount of cover they need to account for ‘rebuilding’ costs on their property insurance, estimates show¹. This is largely because costs have shot up by 18% in a year, resulting in the average three-bed semi-detached home now costing £53,000 more to rebuild than it would have in February 2022.

Buying a property is the biggest purchase most people will ever make and mortgage repayments tend to be most homeowners’ largest monthly expense. Despite this, many don’t back up their investment with the right level of protection.

The stereotypical picture of applicants for a joint mortgage is a married couple or civil partnership bringing together their finances and committing their future to one another. Increasingly, however, a new type of buyer is resorting to joint mortgages: first-time buyers (FTBs) struggling to get a foot on the ladder.

The number of houses for sale has soared higher than at any point in the last 27 months, new data shows¹, further strengthening the position of buyers.

Fewer than half of households have enough life cover to protect their family, according to new research¹ that reveals a worrying gap for the “squeezed middle.”

As we head into summer, the weather is certainly starting to hot up. Will the housing and mortgage markets do the same?

So often I meet with clients to discuss their financial needs be it new mortgage deals or re-mortgage of their existing house, but when the subject of insurance comes up I discover that they have insurance for their mobile phones, appliances, pets, but yet have no protection for themselves.