POUND NOTES

Western Mail - - PERSONAL FINANCE -

Fi­nan­cial fact: A new £10 ban­knote fea­tur­ing Pride and Prej­u­dice au­thor Jane Austen has just been launched by the Bank of Eng­land. Ac­cord­ing to the Bank, just over one bil­lion new poly­mer £10 notes fea­tur­ing Austen have been printed.

Many stu­dents are ‘risk­ing it’ with lack of in­surance, sur­vey finds: 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.

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 re­mort­gag­ing, 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.

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