There was some good news this week from the Office of National Statistics (ONS); CPI (Consumer Price Index) inflation, or to put it another way the price of a lot of the things we buy, has fallen for the third month in a row.

Inflation falls

There was some good news this week from the Office of National Statistics (ONS); CPI (Consumer Price Index) inflation, or to put it another way the price of a lot of the things we buy, has fallen for the third month in a row.

Wages are now rising faster than inflation, if this continues we should all start to feel better off, good news. There is however, a word of caution from the housing charity Shelter. According to them nearly 4 million families only have enough money to pay their mortgage for a month if they lose their jobs. And that’s just their mortgage, not their other bills and childcare costs.

So although the recent news and indeed the general outlook for the UK economy is a positive one, take a look at your own finances, if they’re tight now and you don’t already have it, then you should speak to us about income protection insurance. Most of the people we speak to about protection are surprised at how little it can cost compared to what you would get back if you made a claim. It’s one thing getting on the property ladder, it’s another staying on it. Especially if conditions outside your control take even a temporary set-back.

For more information and advice contact our Mortgage Broker, Mitchell Mann here