Over the last few months we saw significant activity in both personal protection policies and the mortgage market. July has been a pivotal month for many of our clients, particularly in reviewing their personal protection plans and navigating the constant changes in mortgage rates. Here’s a detailed look at what’s been happening.

Personal Protection Policy Reviews:

A notable number of our clients took the opportunity to review their personal protection policies. It’s been eye-opening for many to discover that their existing policies no longer align with their current needs. Several factors have contributed to this mismatch:

Changing Life Circumstances: Major life events such as marriages, births, or property purchases often mean that existing policies are not offering enough cover and need to adjusted.

Cost-Effectiveness: Our reviews have also revealed that many clients were paying more than necessary for their cover. By reviewing their policies with us, they’ve been able to secure more appropriate cover at better rates, ensuring they are neither underinsured nor overpaying.

The Mortgage Market:

The mortgage landscape has shown considerable movement this month. With lenders competing fiercely, we’ve observed:

Competitive Rates: Lenders are increasingly keen to attract borrowers, which has led to some very competitive mortgage offers. These include lower interest rates and more flexible terms, which can make a significant difference in monthly payments and overall loan costs.

Vigilant Rate Monitoring: At Riviera Mortgages, we understand that mortgage applications are time-sensitive and subject to changing conditions. Our commitment to our clients includes diligent monitoring of mortgage rates throughout the application process. This ensures that our clients benefit from the best possible rates from the outset to the conclusion of their dealings.

Looking Ahead:

As we step into August and beyond, Riviera Mortgages continues to prioritise the financial well-being of our clients. Whether it’s finding the right personal protection cover or securing an advantageous mortgage deal, our focus remains on providing tailored solutions that meet the evolving needs of our clients.