Women lag behind men in pension planning

Nearly half of women in the UK haven’t thought about how much income they want in retirement, or how much they need to save to get it. New research suggests that women may be less pension-conscious than men – but why? Around four in 10 women in the UK are unsure how much income they … Continue reading “Women lag behind men in pension planning”

Economic Review of July 2020

UK Economy Recovering Although recent data has confirmed that the UK economy is recovering from its coronavirus lockdown slump, the longer-term outlook (unsurprisingly) remains decidedly unclear. Official data released by the Office for National Statistics (ONS) showed that the UK economy grew by 1.8% in May, following April’s record 20.3% contraction. While this modest rebound … Continue reading “Economic Review of July 2020”

House prices spike as property market reshapes

The UK housing market has defied predictions of a crash and instead has entered a mini-boom. However, there are still question marks over how long this will last, and whether the slump has simply been postponed until later. Several factors are behind the surge in property prices. The biggest is undoubtedly the rush to take … Continue reading “House prices spike as property market reshapes”

Residential Property Review – July 2020

Our monthly residential market review is intended to provide background to recent developments in property markets, as well as to give an indication of how some key issues could impact in the future. UK housing market shows initial signs of recovery The number of prospective home buyers bounced back ‘noticeably‘ in June, as did enquiries, … Continue reading “Residential Property Review – July 2020”

Don’t let the pandemic derail your retirement plans

The pandemic is having a far-reaching impact on all aspects of our lives, not least our finances. Although stock market volatility has posed challenges, you must not allow the outbreak to send your retirement plans off track. RESILIENCE SAVES THE DAY The need to develop a resilient retirement plan has been vividly highlighted in recent … Continue reading “Don’t let the pandemic derail your retirement plans”

Rishi Sunak announces Stamp Duty holiday

The Chancellor has granted a stamp duty land tax holiday to homebuyers in England and Northern Ireland with immediate effect. It means that buyers of homes valued at up to £500,000 will no longer pay any stamp duty on the purchase. In a bid to boost a housing market still in shock from the COVID-19 … Continue reading “Rishi Sunak announces Stamp Duty holiday”

Economic review – June 2020

‘New Deal’ to boost economy The Prime Minister has set out government plans to deliver a post-lockdown economic recovery, with a promise to accelerate £5bn worth of spending pledges on a range of infrastructure projects across the country. During a speech delivered at the Dudley College of Technology on 30 June, Mr Johnson promised to … Continue reading “Economic review – June 2020”

Thousands of homebuyers lost deposits in property freeze

The property market shutdown earlier this year proved especially painful for buyers nearing completion. In a recent survey by Butterfield Mortgages of over 1,300 homeowners and would-be homebuyers, three in 10 buyers said they had lost their exchange deposit as a consequence, due to the shutdown taking place after contracts had been exchanged. If this … Continue reading “Thousands of homebuyers lost deposits in property freeze”

Residential Property Review – June 2020

Buyer enquiries stabilise – but house price falls remain likely May saw a considerable upswing in buyer enquiries from a record low net balance of -94% in April to -5% in May, according to the latest Residential Market Survey from the Royal Institution of Chartered Surveyors (RICS). Newly agreed sales increased from -93% to -35%, … Continue reading “Residential Property Review – June 2020”

Chancellor to call time on the state pension triple lock?

Chancellor Rishi Sunak may be ready to row back on the Tories’ manifesto pledge to keep the state pension triple lock, due to the coronavirus crisis. Not only has the crisis already cost the UK tens of billions of pounds, but the nature of the triple lock means that it could become even more expensive … Continue reading “Chancellor to call time on the state pension triple lock?”