Over-55s borrowing £11m a day against their homes

Many older people turned to their properties as a source of cash last year, due to the rising costs associated with later life. In 2018 homeowners borrowed nearly £11 million a day against the value of their homes, via the process known as ‘equity release’. Borrowing via equity release is at an all-time high in … Continue reading “Over-55s borrowing £11m a day against their homes”

Are the best things in life really free?

Fashion designer Coco Chanel is reputed to have said: “The best things in life are free. The second-best things are very, very expensive.” Many of life’s most exciting and memorable experiences can come with a hefty price tag attached. Recent research1 has calculated that going to university, buying a house, getting married, having two children, … Continue reading “Are the best things in life really free?”

First-time buyers keeping the market buoyant

The recent slowdown in the market has been good news for those who want to get into the housing market and make that all-important first purchase. Whilst the number of current owners moving home has come to a virtual standstill, due in part to the uncertainties surrounding Brexit, the number of first-timers has increased. Analysis … Continue reading “First-time buyers keeping the market buoyant”

Is it time to give your pension a spring clean?

The start of the new tax year can serve as a useful prompt to refresh your finances and take a look at your pension. Are your plans on track for your retirement? Here are a few steps you can take. PLAN AHEAD FOR A BRIGHT FUTURE One of the most important things you can do … Continue reading “Is it time to give your pension a spring clean?”

Civil partnership Bill makes progress

Last June, the Supreme Court ruled that laws banning opposite-sex couples from civil partnerships were in breach of the European Convention on Human Rights. So, for couples who dislike the idea of traditional marriage but would like full legal recognition of their relationship, the news that opposite-sex couples will soon be able to enter into … Continue reading “Civil partnership Bill makes progress”

Brexit deadlock & UK economy stuck in low gear

On 29 March, the day the UK should have left the EU, the House of Commons decisively voted to reject Theresa May’s EU Withdrawal Agreement, leaving the Brexit process in a state of turmoil. This was the third time the Prime Minister had asked MPs to approve the Brexit divorce deal that she concluded negotiating … Continue reading “Brexit deadlock & UK economy stuck in low gear”

Life insurance holders risk leaving money to the wrong people

When was the last time you reviewed the recipients of your insurance policies? Insurance provider Phoenix Life has found that the majority of people have forgotten to update their policies after setting them up. This could result in money going to the wrong people in the result of a payout. Research by Phoenix Life has … Continue reading “Life insurance holders risk leaving money to the wrong people”

How the bank of Mum & Dad can help first-time buyers

With property prices out of sync with wages, high rents and living costs rising, it comes as little surprise that first-time buyers are finding it hard to afford the deposit for a home. Unsurprisingly, many find they need to turn to the Bank of Mum and Dad for some additional financial help. The challenge facing … Continue reading “How the bank of Mum & Dad can help first-time buyers”