If you have been wanting to buy your first home, you may be feeling disappointed about soaring property prices in 2021. Despite saving hard, it can feel as if the size of the deposit you need for your dream home keeps lifting just out of reach. Luckily, there are other ways to break into the … Read more
If you’re looking to buy a home but don’t have a 20% deposit, you’ll generally need to pay for lenders mortgage insurance (LMI). It can be a good option for some buyers as it allows them to get into the property market sooner, but it can also increase your interest costs over the life of … Read more
We all like feeling secure. Insurance is protection against the things that can go wrong. Yes, it costs a bit of money but insurance gives us peace of mind that if things go awry, we will be okay financially. But do you need insurance when purchasing a house? And if so, which insurance do you … Read more
Lenders Mortgage Insurance What is Lenders Mortgage Insurance? Lenders Mortgage Insurance (LMI) is insurance that a lender takes out to insure itself against the risk of not recovering the outstanding loan balance if you, the borrower, are unable to meet your loan payments and the property is sold for less than the outstanding loan balance. … Read more
Life insurance has stood out as an industry without a code of practice when others such as general insurers have one. The latest attempt by the Financial Services Council to remedy this may be a last chance for life insurers to reform, before the government forces them to. The code from the Financial Services Council focuses on … Read more