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Vulnerability is not new, although the use of that label has taken on a new significance in recent years. The FCA talking about Vulnerable Customers is not new either – launching their first consultation on the subject in 2019 and publishing their industry-wide regulatory guidance in February 2021.
Leading general insurance (GI) quotation provider Source Insurance have enhanced their partnership with property data experts Whenfresh.
In the month of June, the monthly searches for re-mortgaging took a significant leap, with a nearly 22% increase on the previous month. This was revealed in exclusive data from Twenty7tec. On top of this, purchase mortgage searches increased by 0.6%, along with buy-to-let searches rising by 11% when compared to May 2023.
Economic forecasts released on Monday, 12th June, have predicted a continuation of interest rates, despite a more optimistic bigger picture. Although many may be hopeful for more economic stability on the horizon, there may be a considerably longer period for lethargic growth in the financial market.
There is an undisputed degree of uncertainty in the housing market, with landlords continuing to sell properties as the government launches schemes in an effort to persuade first-time buyers to take their first steps on the property ladder to balance out the current climate.
The world as we know it has transformed into an age of technology and digital advancements, with younger age groups at the heart of this dynamic shift. As a result, the financial services industry has undergone significant changes in recent years, significantly driven by the influence of the tech-savvy generations, such as Gen Z. Evolve ahead of the curve, so you’re one step ahead of the competition, ready to meet your clients’ needs.