September 11th, 2026 | Andrew Hagger | News

Twenty7tec data shows remortgaging continuing to drive activity, while first-time buyer, purchase and buy-to-let searches remain softer.

Residential remortgage searches were 11% higher year on year in August despite an overall slowdown in mortgage search activity during the summer, according to the latest Twenty7tec Mortgage Market Snapshot.

A total of 1,556,758 mortgage searches were completed during August, down 13% compared with July but 1% higher year on year.

Residential searches followed a similar pattern, falling 13% month on month while remaining 3% higher than the same period last year.

The strongest annual growth came from residential remortgaging. Twenty7tec recorded 616,150 searches during August, 12% fewer than in July but 11% higher year on year.

The figures add to evidence that remortgaging is becoming an increasingly important part of current mortgage market activity.

Mortgage lending statistics published by the FCA and Bank of England this week show that remortgages accounted for 31.2% of gross advances to owner-occupiers in Q2, up 3.1 percentage points on the previous quarter and the highest share since Q1 2024.

Nakita Moss, Head of Lender at Twenty7tec, said:

“August was undoubtedly quieter than July, but the monthly fall isn’t the whole story. Overall mortgage searches remained slightly ahead year on year, and residential activity was 3% higher.

“Remortgaging is particularly interesting. Our searches were 11% higher year on year, and the latest lending figures also show the share of advances going towards remortgaging has increased.

“For advisers, this means there is still a significant population of existing borrowers needing to understand what their next mortgage looks like. In a market where rates and products can change quickly, those conversations can be just as important as activity coming through the purchase market.”

However, the wider lending data suggests lenders are continuing to find ways to support borrowers with smaller deposits.

Joint Borrower Sole Proprietor remained the most searched-for criteria area on Twenty7tec during August, followed by visa applicants and non-UK foreign nationals. Searches relating to satisfied defaults and maximum age at the end of the mortgage term also featured among the most common criteria enquiries

September 9th, 2026 | Andrew Hagger | News

Sending a message to the wrong person, having your bank card declined and checking your bank balance are among the everyday situations Brits are most likely to dread, according to new research.

A new study commissioned by Santander UK found that 46% of Brits regularly experience feelings of dread or unease about standard everyday tasks. Among the situations people say make them feel most uneasy are, sending a message to the wrong person (44%), having a card declined (30%) and accidentally liking somebody’s old social media post (24%).

Checking a bank balance ranked fourth overall (23%), with some Brits claiming they would go as far as opting to hold a snake (10%), go on a blind date (9%), give up their phone for a week (9%), text an ex (8%) and go skydiving (8%) instead. Even higher earners³ feel the same, with 1 in 4 (23%) admitting they feel uneasy when opening up their banking app to check their balance.

Around two thirds of Brits (67%) say they tend to dodge important financial admin tasks due to the feeling of dread linked to it, whether that’s avoiding making a budget (42%), not opening letters or emails relating to their finances (40%) and even not paying bills (37%).

The main reasons given for putting off these tasks are that they feel too overwhelming (39%), they don’t know where to start (26%) or they lack confidence to deal with them (19%), with half (48%) finding it difficult to save regularly.

The research comes on the back of Santander launching its Regular Saver account⁴ offering an 8% interest rate to encourage and reward savers who start a regular monthly saving habit.

The findings reveal a clear gap between financial confidence and action. Despite most respondents saying they have a good grasp of their day-to-day spending (83%), half (49%) still admit to actively avoiding their bank account in certain situations, like just before payday (21%), after a holiday (24%) or after paying household bills (24%).

Millennials in particular feel most overwhelmed (56%) when checking their bank balance when compared to Gen Z (50%) and Gen X (42%), despite being more likely (82%) to claim they are aware of their everyday spending.

Gail Russell, Head of Everyday Banking at Santander UK, said: “Life can feel overwhelming, particularly when it comes to our money. From checking your bank balance after a holiday to starting to save, day-to-day and financial admin can be easy to put off. The important thing is to start somewhere, and even one small action can help people feel more in control.

“Our new Regular Saver pays 8% AER interest, rewarding customers for putting a little aside each month, helping make saving feel that little more achievable and turning good intentions into a regular habit.”

As well as benefitting from 8% interest with Santander’s Regular Saver account, customers who switch to Santander from an external provider can receive £240 for switching⁵.

The top 10 everyday moments Brits dread most

• Sending a message to the wrong person (44%)
• Having your card declined (30%)
• Accidentally liking someone’s old social media post (24%)
• Checking your bank balance (23%)
• Forgetting somebody’s name moments after being introduced (23%)
• Being left on read after sending a message (20%)
• Seeing an unknown number calling your phone (19%)
• Presenting to a group (17%)
• Bumping into your boss outside work (11%)
• Realising you’ve ‘replied all’ to an email (11%)

September 9th, 2026 | Andrew Hagger | News

Starting a side hustle at the very start of your career can feel very exciting, especially when it starts to turn into an idea that people will pay for. You may have a great product, service or creative skill, but getting noticed online is a different challenge. When you’re looking into a small business, digital marketing can become a whole other job if you’re handling every post, keyword, campaign, and analytics report yourself. With this in mind, here are some surefire signs that you may need a helping hand with your digital marketing.

You Have No Strategy

If you are posting whenever you remember, changing your website copy on a whim, or trying random marketing ideas because someone online said they worked, you may need some outside help. A plan can save you from spending hours on tasks that are not bringing visitors or customers. Working with an SEO agency can also give you direction when you’re unsure which parts of your online presence deserve attention first. You can then put your energy back into running your side hustle and doing what you’re truly good at.

Your Website is Not Bringing Results

A website can look good, but it still might not be attracting the right people. If your traffic is low, visitors may leave quickly, or hardly anyone will get in touch after finding you, there could be problems behind the scenes. Your pages might not be targeting useful search terms, your content may need improving, or your calls to action could be easy to miss. Getting another pair of eyes on your site can reveal opportunities you might not spot when you have been looking at the same pages for months.

Marketing Keeps Getting Pushed Aside

You might want to spend more time on marketing, but customer messages, orders, admin, product development, and your main job are usually the go-to priority. Before long, many weeks can go by without a new blog posts, social update, email or campaign. That doesn’t necessarily mean you are doing anything wrong. It simply means there are only so many hours in a day and you can’t do everything. Bringing in specialist support can take recurring marketing jobs off your plate whilst giving your business a better chance of staying visible.

You Can’t Tell What’s Working

Understanding how your marketing actually works is so important, because it can actually produce a lot of useful numbers. You may see website visits increasing without knowing whether those visitors are actually interested in buying. You might be spending money on advertising without being sure which campaign deserves the budget. If reports make you a little confused, expert guidance can help you to connect the figures with your business goals.

All in all, knowing when to ask for help isn’t a sign that your side hustle is failing. In fact, it can be a sensible way to protect your time and make better use of the resources you already have. If digital marketing is becoming another job rather than helping your business to grow, bringing in the right support at the right time can make running your side hustle much more manageable.

September 8th, 2026 | Andrew Hagger | News

The UK property market often moves faster than traditional financing allows. For property investors, acting quickly can mean the difference between securing a profitable deal and missing out. Bridging loans are a specialist financial tool designed for these exact situations, providing fast, short-term capital for property transactions that can’t wait for conventional mortgage approvals.

Used correctly, this type of finance can open up significant opportunities. However, it needs careful planning and a clear understanding of both its benefits and its risks.

What is a Bridging Loan

A bridging loan is a short-term finance option that covers a temporary funding gap. Think of it as a financial bridge that gets you from one point to another, typically from buying a property to securing long-term funding or completing a sale. Unlike a standard mortgage, which is for long-term ownership, a bridging loan is meant to be repaid quickly, usually within 12 to 24 months.

These loans are secured against property and can be arranged much faster than traditional mortgages. 

They come in two main types:

• A closed bridge is used when you have a guaranteed exit strategy with a set date, such as an exchanged contract for the sale of another property.
• An open bridge is more flexible. It’s used when the exit strategy is planned but not yet certain, like renovating a property to sell on the open market.

When Do They Make Sense

Bridging finance isn’t an everyday tool. It’s a strategic solution for specific situations where speed is crucial. For property investors, several common scenarios make a bridging loan the most logical choice.

One of its most frequent uses is buying property at auction. Auction houses demand a deposit on the day and completion within a very short timeframe, often just 28 days. This simply isn’t enough time to secure a conventional mortgage. A bridging loan can be arranged quickly to meet this deadline, letting the investor secure the property and then arrange long-term finance later.

Another key use is to break a property chain. If you’ve found your next investment property but are still waiting for your current one to sell, a bridging loan can provide the funds to buy the new property immediately. For investors who need to act fast, questions about specific lenders, such as does NatWest offer bridging finance become critical for evaluating the speed and accessibility of available funding options. This prevents a promising deal from collapsing due to delays elsewhere in the chain.

Key Benefits for Investors

The main advantage of a bridging loan for a property investor is speed. Application and approval processes are much faster than those of high street banks, with funds often available within days instead of months. This agility lets investors compete with cash buyers and secure deals that would otherwise be impossible.

Flexibility is another major benefit. Bridging lenders are often willing to consider properties that traditional mortgage providers would not. This includes buildings needing significant renovation, those without a functioning kitchen or bathroom, or properties with unusual lease structures. 

The loan is based on the value of the asset, offering a more practical approach to lending. This allows investors to buy, refurbish, and then either sell for a profit or refinance onto a standard mortgage once the property is in a lettable or saleable condition.

Navigating Lender Options

The market for bridging finance is diverse. It includes specialist lenders, private banks, and some challenger banks. Unlike the mainstream mortgage market, many of the best deals and most flexible products aren’t available directly to the public. Instead, you access them through specialist finance brokers who have established relationships with these lenders.

A broker can assess your specific circumstances, the property type, your financial situation, and your exit strategy. They then match you with the most suitable lender. They understand the different criteria, interest rates, and fees each lender applies, saving you time and potentially a lot of money. When comparing options, it’s important to look beyond the headline interest rate and consider all associated costs. These include arrangement fees, valuation fees, and legal costs.

Potential Risks to Consider

While bridging loans offer powerful advantages, they do come with risks. The most significant factor to consider is the cost. Interest rates are considerably higher than those for standard mortgages, and fees can be substantial. The interest is often rolled up and paid along with the capital sum when the loan is repaid, which can quickly increase the total amount owed.

The greatest risk lies in the exit strategy. If your plan to repay the loan fails, for example, if a property sale falls through, renovation work takes longer and costs more than expected, or you can’t secure a mortgage to replace the bridging loan, you could face serious consequences. Lenders may charge hefty penalty fees for late repayment. In a worst-case scenario, you risk losing the property. A clear and realistic exit plan isn’t just advisable; it’s essential to avoid these potential financial pitfalls.

Bridging finance is a valuable resource for the savvy property investor who needs to move quickly. When used with a solid plan and a clear exit strategy, it can provide the competitive edge needed to succeed in a fast-moving market.

September 8th, 2026 | Andrew Hagger | News

Cost of living pressures mean many households would struggle to cope with a sudden bill: recent research from the Office for National Statistics found that one in four (25%) adults would not be able to afford an unexpected but necessary expense of £850.

New research from LHV Bank suggests that even diligent savers may be more exposed than they think. The majority (57%) of savers with emergency money set aside could only cover three months of essential costs or less, despite almost three in five (59%) saving a dedicated emergency pot, meaning many people who believe they’re prepared could still run out of money within weeks of losing their income or facing a major repair bill.

Based on average UK household spending of £676.60 a week, LHV Bank calculates that a fully funded three-month pot would need to be around £8,800, highlighting just how far many people’s current safety net falls short.

Across the UK there were also variations: the survey of 2,000+ savers, carried out on behalf of the digital bank by Censuswide, found that almost two thirds (64%) of savers in London have money saved to cover an emergency, followed by 63% of savers in Nottingham and Bristol.

At the other end of the spectrum, savers in Newcastle and Plymouth are more exposed should an unexpected bill land, with only 49% and 48% respectively having dedicated emergency savings.

Three steps to becoming an Active Saver

To provide a decent, lasting emergency pot, savers need to actively ensure that their savings are working hard by following these three steps:

1. Check your rate. Find out what your savings are earning today. Many people are shocked to discover it’s 1% or less.
2. Move your money. If your rate doesn’t beat inflation, switch to one that does.
3. Make it a habit. Set a reminder to review your rate every few months and watch out for short-term bonus rates that quietly slip away. Check your balance AND your rate.

Alex Beavis, Interim Director of Banking, LHV Bank, said: 

“Emergency savings are an essential part of financial planning. It’s all too easy for an unexpected expense to crop up, whether that’s car repairs, needing a new boiler or a job change which puts our household budgets under pressure. Having a savings safety net to turn to on those occasions is crucial, and it’s encouraging that many across the UK have some sort of emergency fund in place.

“But it’s not enough to simply set up a pot and believe your work is done. Our survey shows that the majority of savers with an emergency fund would struggle to cover three months or less of necessary expenses – and these are necessary costs, not even ‘nice to haves’, which really puts into perspective just how exposed people could be if the worst happened.

“Just as important as getting into the savings habit is making sure that you are getting a competitive return on the money you set aside each month. Too often savers are being hamstrung by providers offering substandard rates, taking advantage of savers’ expectation of a fair deal. Our advice to anyone without a safety net is simple: start now, even with a small, regular amount, and make sure that money is working as hard as possible by choosing an account that pays a consistently competitive rate. Being an Active Saver, and ensuring you get rewarded consistently for the money saved, means you’ll be far better placed to deal with those unexpected bills when they emerge, no matter how dramatic they may be.”

September 7th, 2026 | Andrew Hagger | News

The dream of owning a campervan represents freedom and adventure for many Britons. It’s a tangible way to escape the routine and explore the country at a moment’s notice. While the open road is undeniably appealing, turning this dream into a reality involves a serious financial commitment. Before you start planning your first trip, it’s crucial to look beyond the romantic imagery. You need to analyse whether a campervan is a wise choice for your specific lifestyle and budget. This means clearly assessing not just the purchase price, but the full range of costs and benefits that come with ownership.

Weighing Up the Initial Outlay

The first and most significant financial hurdle is the initial purchase. Campervan prices vary enormously. They can range from a few thousand pounds for an older, DIY project to well over £100,000 for a brand-new, professionally converted model from a premium manufacturer. Your decision here will set the tone for your entire ownership experience.

A brand-new vehicle offers the reassurance of a manufacturer’s warranty, modern amenities, and the latest engine technology for better fuel efficiency and lower emissions. However, it also comes with the steepest depreciation in its first few years. A second-hand campervan can be significantly cheaper, but it might need more immediate maintenance or have hidden issues. It’s essential to get a professional inspection before buying used.

Beyond the vehicle itself, there’s the conversion. If you buy an empty panel van, the cost and quality of the fit-out become a major factor. A professional conversion ensures safety standards are met for gas and electrical systems, but this can add £20,000 to £40,000 or more to the total cost. A DIY conversion can save money, but it requires considerable time, skill, and research. The cost of the van build is a major part of the initial investment that needs careful budgeting.

Running Costs Beyond the Purchase

Once the campervan is sitting on your drive, the expenses have only just begun. The ongoing running costs are a significant part of the total cost of ownership. You must factor them into your annual budget to avoid any unpleasant surprises.

These recurring costs go far beyond just filling up the tank. Here are some of the key expenses to anticipate:

• Fuel: Campervans are heavier and less aerodynamic than cars, so they use more fuel. This will likely be your biggest regular expense, especially during periods of heavy use.
• Maintenance and Servicing: Regular servicing is vital for reliability and safety. Costs are generally higher than for a standard car due to the vehicle’s size and its specialised components. Expect to budget for oil changes, tyre replacements, brake checks, and engine maintenance.
• MOT and Tax: Like any vehicle, your campervan will need an annual MOT test after it is three years old. Vehicle tax will also apply, with the rate depending on the engine size and emissions.
• Campsite Fees: While wild camping is possible in some parts of the UK (particularly Scotland), you will often need to pay for pitches at official campsites. These fees can range from £15 to over £40 per night, depending on the season and facilities.
• Utilities: You’ll need to pay for bottled gas for cooking and heating, as well as potential costs for charging leisure batteries if you’re not using a site with an electric hook-up. These real monthly expenses can add up quickly.

The Value of Specialist Coverage

A common oversight for new owners is insurance. A campervan is not just a vehicle; it’s a home on wheels, often containing thousands of pounds worth of personal belongings and custom fittings. Standard vehicle policies are rarely adequate, as they typically don’t cover the habitation area, modifications, or the contents within. This is where specialist coverage becomes essential.

Proper campervan insurance is designed to protect both the vehicle and the lifestyle that goes with it. Policies are structured to cover the unique risks associated with these vehicles. This includes cover for awnings, gas bottles, and other fixed equipment that a standard policy would exclude. Furthermore, it can provide contents cover for your personal possessions, from laptops and cameras to clothing and cooking equipment.

Without this specialist protection, you could face a significant financial loss in the event of theft, fire, or an accident. Imagine your van stolen with all your holiday gear inside, only to find your car insurance will only pay out for the base vehicle’s value, ignoring the expensive conversion and all your belongings. Investing in the right policy provides a crucial safety net that protects your entire investment, not just the engine and chassis. It’s a non-negotiable part of responsible campervan ownership.

Lifestyle Benefits vs. Financial Outgoings

When you ask if a motorhome is worth it, the answer isn’t purely financial. You must weigh the costs against the significant lifestyle benefits. For many, a campervan’s value lies in the freedom and flexibility it provides. It allows for spontaneous weekend getaways and long, immersive holidays without the need to book flights or hotels months in advance.

This can lead to savings on conventional holiday costs. A family of four might spend thousands on a two-week package holiday abroad. Over several years, the cost of a campervan and its running expenses could be offset by savings on accommodation and flights. You have your own kitchen, reducing the need to eat out for every meal, which can cut daily holiday spending considerably.

Beyond the numbers, there’s the intangible value. The ability to disconnect from the daily grind, spend more time in nature, and create lasting memories with family and friends has a profound impact on well-being. A campervan isn’t just a vehicle; it’s a tool for a different way of living. For those who use it frequently, this ‘return on lifestyle’ can far outweigh the financial depreciation. The key is to be realistic about how often you’ll actually use it. A campervan sitting unused on the drive for 50 weeks of the year is an expensive ornament.

Resale Value Considerations

Unlike a typical car, which is almost guaranteed to lose a substantial portion of its value each year, campervans can be a surprisingly stable asset. The market for used campervans is robust, and well-maintained models, particularly from desirable brands like Volkswagen or professionally converted vans, often hold their value exceptionally well. In some cases, during periods of high demand, they can even appreciate in value.

Several factors influence whether campervans are a good investment from a resale perspective. The base vehicle is crucial; a reliable van with a good service history and low mileage will always be more desirable. The quality and layout of the conversion are equally important. A professional, well-designed interior with certified gas and electrical systems will command a much higher price than a rough-and-ready DIY job.

Condition is paramount. Protecting the vehicle from rust, keeping the interior clean, and ensuring all appliances are in working order will pay dividends when it comes time to sell. While a campervan should not be viewed as a traditional financial investment that generates income, its strong resale potential means the total cost of ownership over several years can be much lower than you might expect. It can be less of a depreciating expense and more of a long-term asset that you also get to enjoy.

Ultimately, a campervan is a lifestyle investment first and a financial one second. If your budget can comfortably accommodate the initial outlay and ongoing running costs, and if you are committed to using it regularly, it can provide incredible value in the form of freedom, flexibility, and unforgettable experiences.

September 7th, 2026 | Andrew Hagger | News

Two thirds of UK adults risk leaving their loved ones without clear instructions about their final wishes, new research has revealed – with almost three in ten people without a Will believing they have nothing worth leaving behind.

A new national poll commissioned by charity will-writing campaign Will Aid has found a staggering 67% of adults either do not have a Will or admit the one they have is out of date.

The research, released to mark the opening of appointments for the Will Aid 2026 campaign, found 57% of people have never made a Will, while a further 10% admit their existing Will no longer reflects their current circumstances or wishes.

And despite the potential consequences for the people they leave behind, 44% say they are unlikely to write a Will within the next year.

Will Aid is warning that misconceptions about who needs a Will could be leaving millions of families unnecessarily exposed.

Peter de Vena Franks, Campaign Director at Will Aid, said: “The fact that two thirds of adults either don’t have a Will or have one which is no longer up to date should concern all of us.

“But perhaps one of the most striking findings is that almost three in ten people without a Will believe they simply don’t have anything worth leaving.

“A Will is about far more than the value of the money or property you leave behind. It is about making your wishes clear, protecting the people you care about and making incredibly difficult decisions easier for those you love at what will already be a distressing time.

“You may have children whose future you want to protect, possessions with enormous sentimental value, pets you want cared for or very clear wishes about who should – and should not – benefit from your estate.

“Without a valid Will, you lose the opportunity to make many of those decisions yourself.”

Of the 1,151 people surveyed who had not made a Will, the most common reason – cited by 29% – was the belief that they did not have anything worth leaving.

Cost and simply not finding the time were each cited by 19%, while 18% said they felt uncomfortable thinking about death and 14% were put off by the perceived complexity of the process.

The research also reveals some of the life events that finally prompt people to act.

Among the 857 respondents who had made a Will, 23% said they wanted the reassurance of knowing their children would be looked after if they died, while the same proportion said having children had prompted them to make one.

More than one in five (22%) said hearing stories about people who had died without a Will encouraged them to act, while 18% made theirs after buying a house.

Will Aid is also urging people who already have a Will not to assume the job is finished.

A Will that was written years ago may no longer reflect a person’s family, relationships, assets or wishes, particularly following significant life changes.

Peter added: “Making a Will is not something you should do once and then forget about for the rest of your life.

“Families change. Relationships change. People marry, separate and divorce. Children and grandchildren are born. People buy homes, build businesses and acquire assets. Sadly, people we intended to include in our Wills can also die before us.

“That is why the 10% of people who know their Will is already out of date is another important part of this picture.

“If you know your Will no longer reflects what you want to happen, it is important not to keep putting off reviewing it.

“And for the 44% of people telling us they are unlikely to make a Will in the next year, our message is simple: there may never feel like a perfect time to think about death, but making a Will is ultimately about looking after the people you leave behind.”

The findings have been released as Will Aid 2026 opens for appointments, giving people across the UK the opportunity to have a basic Will professionally prepared by a participating solicitor while supporting good causes.

Every November, participating solicitors volunteer their time and waive their usual fee for writing a basic Will. Instead, clients are invited to make a voluntary donation to Will Aid, with the money raised supporting the campaign’s charity partners.

Since it was founded, the campaign has brought together the legal profession and some of the UK’s best-known charities, helping people put their affairs in order while raising millions of pounds for vital charitable work.

Lauren Smith, Partner at Taylor Bracewell Solicitors, said: “One of the biggest misconceptions we hear is that Wills are only for people who are wealthy or own significant assets.

“That simply isn’t the case. A professionally drafted Will gives you control over what happens after your death and allows you to make your wishes clear rather than leaving important decisions to chance.

“It is particularly important for parents and for people whose family circumstances may not be straightforward.

“We would also encourage anyone who already has a Will to think about when they last looked at it. If your life has changed significantly since it was written, your Will may need to change too.

“Will Aid is an opportunity to sit down with a professional solicitor, talk through your circumstances and make sure your wishes are properly recorded – while at the same time helping charities carrying out extraordinary work in the UK and around the world.”

Appointments for Will Aid 2026 are now open and can be made with a participating firm either in person, where available, or remotely.

To find a participating Will Aid solicitor and book an appointment, or for more information about Will Aid, visit willaid.org.uk

September 7th, 2026 | Andrew Hagger | News

From today (01 September 2026), new and existing Santander customers can nab themselves £240 when switching to Santander’s Everyday current account using the Current Account Switch Service (CASS).

Customers that switch to a Santander Everyday current account and open a Santander Regular Saver account paying 8% interest in their name can qualify for the offer.

To be eligible to snap up the £240 switcher offer, customers must:

• Submit a switch request on or after 1 September 2026 and before the switcher offer is withdrawn ,
• Complete the full switch within 60 days of the initial switch request, including closing their external account,
• Pay in at least £1,500 to their eligible Santander account within 60 days of the initial switch request, which can be done through one or more payments,
• Set up at least two active household direct debits within 60 days of the initial switch request,
• Not have held a Santander current account on 1st January 2026, and
• Fund a Santander Regular Saver account held in their own name with at least £200 within 60 days of requesting the switch.

Eligible customers will receive their payment within 90 days of starting the switch process.

Gail Russell, Head of Everyday Banking at Santander UK, commented: “As summer draws to a close, we’re offering a £240 boost when new and existing customers switch to our Everyday current account. With no monthly fee and the opportunity to earn 8% interest with our Regular Saver, the offer provides even more value for customers looking to beat the post-holiday blues.”

September 4th, 2026 | Andrew Hagger | News

More than one in three (34%) dog owners regularly save money specifically for dog-related expenses, according to new research commissioned by Leeds Building Society.

The study of UK dog owners found that many have opened dedicated savings accounts to help manage the costs of caring for their four-legged friends, from routine vet appointments and insurance excesses to treats, toys and unexpected emergencies.

The findings are released as Leeds Building Society announces that dogs are welcome in all of its 51 high street branches across the UK.

Among those dog owners who save specifically for their pets:

• 50% have a dedicated savings account or savings pot for dog-related expenses
• 65% save for vet bills
• 65% save for emergencies or unexpected costs
• 43% save to cover pet insurance excess payments
• 25% save for food
• 23% put money aside for grooming
• 23% save for toys and treats

The research also found that unexpected dog-related costs have had a significant impact on the finances of one in four (25%) owners.

When asked how they would pay for a large, unexpected pet expense, more than a third (35%) would draw on their general savings.

Many owners are making regular contributions to build a financial safety net for their pets. Nearly one in three (30%) of those who save for their dog put aside between £10 and £24 a month, while a further 33% save between £50 and £99 each month. Almost one in five (18%) save more than £100 every month.

Catherine Wray, Head of Savings at Leeds Building Society, said:

“Pets are much-loved members of millions of families across the UK, and like any family member they can sometimes bring unexpected costs. Whether it’s a visit to the vet, emergency treatment or just for treats, having money set aside can help provide valuable peace of mind.

“Using an ISA as part of your savings strategy can be a great way to build that safety net. Any interest earned within a cash ISA is tax-free, helping your money work harder while remaining easily accessible if you need it.

“I always recommend that savers start with whatever feels affordable. Regular contributions, even small amounts, can build up over time and create a useful buffer for future expenses.

“It’s also worth reviewing your savings regularly and thinking about your different goals. Some people choose to keep separate pots for holidays, home improvements or emergency funds, and we’re increasingly hearing from customers who have savings set aside specifically for their pets.

“As a dog-friendly building society, we’re always delighted to welcome customers and their four-legged companions into our branches.”

September 2nd, 2026 | Andrew Hagger | News

Owning a two-wheeled vehicle offers a fantastic sense of freedom and can be a cost-effective way to travel. However, the expenses don’t stop once you’ve bought it. Protecting your motorbike or scooter is a high ongoing cost that needs careful financial planning. While fuel and maintenance are often cheaper than for a car, the combined cost of insurance, security, and other protective measures can add up quickly. Controlling these costs isn’t just about finding the lowest price; it’s about securing the right level of cover for your needs without overpaying.

For many riders, the annual renewal notice brings a sense of dread. But with a strategic approach, you can cut your spending significantly. This means understanding the different layers of protection available, knowing where to find the best deals, and taking proactive steps to make yourself and your bike a lower risk. Thinking about protection as a complete package, rather than just a single insurance policy, helps you make smarter financial decisions that keep you and your vehicle safe on the road.

Understanding What ‘Protection’ Really Means

When people think about vehicle protection, they often only consider insurance. However, a comprehensive strategy for your motorbike or scooter involves several different elements, each contributing to your financial security and safety. Thinking about these layers helps you build a more robust and cost-effective plan.

First, there’s the mandatory insurance required by law to ride on UK roads. This forms the foundation of your protection, covering your liability if you injure others or damage their property. Beyond this basic level, you can add optional cover like fire and theft, or choose fully comprehensive policies that also cover damage to your own bike.

Next, consider physical security. Items like high-quality locks, chains, ground anchors, and approved immobilisers or tracking systems are a crucial part of the puzzle. They not only deter thieves, but many insurers also offer discounts for using them, directly reducing your premium.

Finally, some financial products cover specific parts or situations. These are often sold as add-ons and can include everything from breakdown cover and legal expenses insurance to plans that cover cosmetic damage. Some manufacturers and third parties offer plans similar to the First Class Wheel and Tire Protection seen in the car market, which can cover the high cost of repairing or replacing expensive wheels and tyres damaged by road hazards. Understanding each component helps you decide where to allocate your budget for the best overall value.

The Core Component: Getting the Right Insurance Deal

Insurance is almost always the largest and most important part of your protection budget. Finding the right policy at a competitive price is the single most effective way to manage your two-wheeler expenses. Many factors influence the price you pay, including your age and riding history, the type and value of your bike, where you live, and even your occupation.

Because so many variables are at play, quotes can vary dramatically between different insurance providers. This is why simply accepting your renewal offer is rarely the smartest financial move. To ensure you’re getting a good deal, you must compare the market each year. Comparison websites are a good starting point, but they don’t always include every provider, especially specialist ones.

For many riders, using a dedicated broker can unlock better deals. Brokers often have access to policies and insurers not found on mainstream comparison sites. This can be especially true if you have a classic bike, a custom model, or a high-performance machine. A specialist broker can compare quotes from a panel of insurers to find the right insurance for a bike that matches your specific profile and needs. Government-backed resources like the MoneyHelper service also offer a great guide to motorbike insurance that can help you understand the different types of cover available. Taking the time to explore all your options is key to not overpaying for this essential protection.

Beyond Insurance: Are Add-on Protection Plans Worth the Money?

When you buy a vehicle or arrange insurance, you’ll often be offered a range of optional add-on products. These can include everything from tyre insurance and cosmetic repair cover to extended warranties and Guaranteed Asset Protection (GAP) insurance. While they can sound appealing, it’s vital to critically assess whether they offer genuine value for your situation.

Dealers often present a menu of vehicle protection products at the point of sale. For example, tyre insurance promises to cover the cost of repairing or replacing tyres damaged by punctures or potholes. This might be worthwhile if you have a bike with particularly expensive, specialised tyres, but for a standard commuter scooter, the policy cost may outweigh the potential benefit. Similarly, cosmetic repair insurance covers minor scrapes and scratches, but the annual premium could be more than you’d pay for an occasional smart repair out of pocket.

Before adding any of these to your bill, ask yourself a few questions:

• What is the total cost of the policy over its lifetime?
• What exactly is excluded from the cover? Read the fine print carefully.
• How likely am I to make a claim? Consider your riding habits and where you store your bike.
• Could I afford to pay for this repair myself? It may be more cost-effective to set aside a small emergency fund.

For some, these plans provide valuable security. For others, they are an unnecessary expense. The key is to choose wisely rather than say yes during a sales conversation.

Practical Steps to Lower Your Overall Protection Costs

Beyond shopping around for insurance, you can take several proactive steps to reduce your premiums and overall protection costs. Insurers calculate prices based on perceived risk, so anything you can do to make yourself a less risky prospect can translate into direct savings.

• Enhance Your Security: Investing in Thatcham-approved security devices like an alarm, immobiliser, or a high-quality lock and chain can earn you a discount from many insurers. Storing your bike in a locked garage or shed overnight is another major factor that lowers risk.
• Improve Your Skills: Completing an advanced riding course, such as those offered by the Institute of Advanced Motorists (IAM RoadSmart) or RoSPA, shows insurers that you are a safer, more skilled rider. This often results in a lower premium.
• Adjust Your Excess: The voluntary excess is the amount you agree to pay towards any claim. Opting for a higher voluntary excess will almost always lower your annual premium. Just be sure you set it at a level you could comfortably afford to pay if you needed to make a claim.
• Pay Annually: If you can afford to, paying for your insurance in one lump sum is cheaper than spreading the cost over monthly instalments. Monthly payments almost always include interest, making the overall cost higher.
• Be Accurate with Mileage: Don’t overestimate your annual mileage. The fewer miles you ride, the lower the risk of an incident, which can be reflected in your quote. Be honest, but be realistic.

Consistently applying these habits not only saves you money but also makes you a safer and more responsible rider.

Reading the Small Print: What to Watch Out For

Finding a great price for your two-wheel protection is important, but it’s equally crucial to understand exactly what you are paying for. The cheapest policy isn’t always the best if it’s riddled with exclusions and high excesses that make it hard to claim. Taking the time to read the policy documents is a vital step in making a smart financial decision.

Pay close attention to the policy excess. This is the amount you must contribute to a claim. There is usually a compulsory excess set by the insurer and a voluntary excess you choose. Make sure you know the total amount you would have to pay. Also, check for specific exclusions. For instance, some policies may not cover you for riding with a pillion passenger, using your bike for commuting, or taking it abroad without prior notification.

Being truthful on your application is non-negotiable. Providing inaccurate information, such as where you store the bike or your claims history, can invalidate your entire policy. If your insurer discovers a misrepresentation, they can refuse to pay out a claim, leaving you with a massive bill. While some consumer advice comes from other countries, the core principle of carefully reviewing all auto purchase documents and insurance contracts is universal. Don’t rush the process; understanding the terms and conditions ensures your protection is there when you need it most.

Protecting your motorbike or scooter is a multifaceted task, but it doesn’t have to be overwhelmingly expensive. With a clear strategy, smart shopping for core insurance, critical evaluation of add-ons, and active risk reduction, you can secure comprehensive cover that fits your budget. This allows you to enjoy the freedom of the open road, confident that you and your machine are well protected.