Month: October 2020

Ahead of the start of the new university term, students across the UK have been urged by Barclays to consider if they are properly insured.

According to the provider, taking out the appropriate cover is particularly important for undergraduates, as 16 to 24-year-olds are three times as likely to be burgled than people of other ages.

What’s more, students are also likely to own a number of valuable belongings, such as laptops, Soundbar players, mobile phones and televisions, making them attractive targets for criminals.

“Insurance is one of the absolute essentials for all students yet so many neglect to take it out,” said Mark Till, managing director of Barclays Insurance.

“Many students may be concerned that on a tight budget insurance is an additional cost they can manage without but students’ possessions nowadays are of an incredibly high value.”

According to Barclays, insurance for student possessions is currently available from £2 a month.…

A year since it was launched, the Prudential property value release plan has been voted the best lifetime mortgage provider by Moneybest, the lender has announced.

Ali Garcia, director of lifetime mortgages for Prudential, said that the company was “delighted” to have won the award.

According to the lender, a combination of the facts that it offers good value to customers and innovative products to advisers is behind its success.

Flexibility is “key” to consumer value, the lender said, and it claimed to “lead the pack” in this respect.

“For someone who doesn’t need the maximum loan to value up front, our lifetime mortgage plan gives people flexibility and control in allowing them to take their money as and when needed rather than in a single lump sum,” Ali Garcia said.…