News and Blogs | MoneyQuest

3 June, 2024

In Q4 of 2023, the average home insurance premium rose by 4%* due to winter storms hitting the UK.

Insurers paid out £352m to cover property damage caused by the three storms in October and November 2023. That’s not including the damage caused to vehicles and businesses – the full cost of whic

24 May, 2024

With all the economic uncertainty, we understand that it might feel tempting to cut costs where you

More are cancelling their cover Research has found that 26% of workers ended an insurance policy last year, with financial pressures cited as the main reason1. The proportion of people who ended their

24 May, 2024

Life insurance scams are a common kind of fraud. With 40 million UK adults targeted by scammers in Q

Scams can take place in a variety of ways and are becoming increasingly sophisticated due to technological advancements. Fraudsters sometimes claim to be an insurer contacting you about your life insu

24 May, 2024

In February, house prices rose year-on-year for the first time since January 2023*.

The average price of a home in the UK was £260,420 in February. This was 0.7% more than in January 2024 and a 1.2% annual increase, indicating that house prices are steadily returning to growth. Ro

20 May, 2024

It was a disappointing Spring Budget for anyone looking to get onto the housing ladder. There was a

Just a few days ahead of the key fiscal event, the Chancellor had already scrapped plans for 99% loan-to-value (LTV) mortgages for first-time buyers following resistance from the banking community. Th

16 May, 2024

Eager home sellers got the year off to a good start before it had even begun, with over 10,000 prope

Sellers were not the only ones returning to the market – at the start of the year, buyer enquiries were up by 7% when compared with the same period in 2023. This translated into 16% more sales agree

13 May, 2024

In a survey of UK workers, 37% of respondents thought life insurance and income protection cost more

This is a significant oversight considering that 40% stated that affordability was key when deciding on a policy. Those surveyed estimated income protection to cost £35.20 per month, but the average

7 May, 2024

Having barely shifted since last autumn, many analysts expect that interest rates may start edging d

Time for a fall? Most analysts agree that interest rates have peaked but there is less consensus on exactly when they will start to drop. One forecast1 has suggested that Bank Rate rates will

7 May, 2024

First time buyers (FTBs) seem to be struggling to get onto the property ladder independently, as 12%

Despite the government’s efforts to help FTBs with initiatives such as the First Homes scheme, some clearly need more help amidst the cost-of-living crisis. 69% of those who have become the ‘Bank

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