Nearly a third of advisers have reported increased demand for their services on the back of the pandemic, according to research1.

A total of 39% say their clients have sought advice about income protection and 36% have seen higher demand for critical illness cover.

The increase in demand is likely being driven by a desire to have financial safety nets in place due to health concerns and economic uncertainty, prompted by the pandemic.

 

Mortgage advice on the up

More than two-thirds (67%) of advisers have also seen increased demand for mortgage advice, supporting Bank of England figures that show UK mortgage levels are at their highest for 13 years. The Stamp Duty holiday, alongside rising demand for larger properties with more outdoor space, have helped boost the property market.

 

Get in touch

Since the onset of the pandemic, there has been a surge in demand for protection insurance, as people focus on their health and finances. Protection has provided a lifeline for many families facing uncertainty. Many insurers have adjusted their application processes and introduced new questions around COVID-19. If you’re looking to get the right protection cover in place for you and your family, please get in touch.

 

As with all insurance policies, conditions and exclusions will apply

1Zurich, 2021

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02380 224 925

info@southcoastmortgages.com

South Coast Mortgage Services Ltd is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority. Registered Office: 59 The Avenue, Southampton, Hampshire, SO17 1XS. Registered Company Number: 08414746 Registered in England & Wales.