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Source has strengthened its relationship with LV= Broker, revealing the insurer as the second underwriter of Source’s Common Policy Wording – Source Home.
Source Home is the first home insurance product created by the team at Source Insurance and signifies the beginning of their highly anticipated product and risk expansion.
Source Insurance welcomes Prestige Underwriting, specialist non-standard MGA, to their home
insurance panel as the first of many underwriters of their new common worded, insurance product –
Brokers have been caught up in the slipstream of a shift in sentiment prompted by financial scandals that have primarily not been caused by them. We also appear to see a change towards more direct human contact. After years of grappling with phone menus and online journeys littered with pop-ups and adverts, people want to be able to talk to another human being again.
We all like to reminisce. Getting caught looking back is easy, but using these experiences to pave the road ahead is more challenging. As a company of 30 years, we’ve had much to talk about and much to assess over our existence, giving us many tools to work with when planning our future.
The latest property market data shows that with a clear pattern emerging, homeowners can plan ahead and build the shield to prevent unexpected losses of income or assets.
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.
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.