POUND NOTES
HOME OWNERS RUSH TO REMORTGAGE
THE number of home owners re-mortgaging bounced back in July to reach its highest level since the start of 2017.
There were 36,800 people re-mortgaging, up 7% on June and 10% higher than a year ago, according to UK Finance, which represents banks, building societies and other bodies.
It said that overall, the number of people re-mortgaging over the last year has been at its highest level since 2009.
AVERAGE FUNERAL ‘COSTS OVER £4,000’
THE average funeral in the UK now costs £4,078 – an increase of 4.7% in just a year, according to analysis by SunLife.
For one-in-nine families, finding the money to pay for their loved one’s funeral caused them financial problems, the research found.
Some borrowed money from friends or relatives, some put it on a credit card or took out a loan, while some worked out an instalment plan with a funeral director.
STUDENTS RISK LACK OF INSURANCE
NEARLY half of university students have not insured their valuables as they head back for the new academic year, research suggests.
Some 46% of students surveyed do not have home contents insurance and a further 8% are not sure whether their possessions would be covered or not, Co-op Insurance found.
When it comes to reasons for not getting contents insurance, more than a third (34%) put cost as the biggest barrier, while less than a third (28%) have not got round to getting it.