Autumn Budget 2017

The Chancellor of the Exchequer, Philip Hammond, has unveiled his Budget to Parliament – here’s a brief summary of some of the measures announced which may affect your own personal finances. Stamp duty land tax (SDLT) abolished for first-time buyers on homes under £300,000 from 22 November First-time buyers of homes worth between £300,000 and … Continue reading “Autumn Budget 2017”

Young and in debt

“Blessed are the young, for they shall inherit the national debt” – Herbert Hoover Today’s younger generation may well be discovering the truth of Hoover’s remarks as they adjust to living with the consequences of the 2008 banking crisis. Millennials – typically defined as those born between the 1980s and early 2000s – face lower … Continue reading “Young and in debt”

Are you a mortgage prisoner?

‘Mortgage prisoners’ are having their sentences extended due to Brexit, according to Financial Conduct Authority (FCA) chief executive Andrew Bailey1.  Prior to the referendum the FCA had been ‘making progress’ with the EU over reforming the Mortgage Credit Directive, which had resulted in people being unable to remortgage onto cheaper deals, due to no longer … Continue reading “Are you a mortgage prisoner?”

Can you downsize to fund your retirement?

For most people lucky enough to own one, their biggest financial asset is their house.  And it may have been your long-term plan to sell up in retirement and live off the proceeds.  But when it comes to the crunch, could you do it?  Our ‘Look before you leap’ checklist below will help you get … Continue reading “Can you downsize to fund your retirement?”

Buying a house? Don’t forget these costs

If you’re house hunting the main numbers you probably think about are the house price and monthly mortgage payments. If they seem affordable then the property might be the one for you. But there’s more you need to consider which could considerably increase the cost of buying a home. Here are the eight main costs … Continue reading “Buying a house? Don’t forget these costs”

Five dos and don’ts if you’re buying to let

Are you planning to buy to let? Or perhaps you’re a landlord already. Whether you’re a first-timer or hope to expand your property portfolio, take some tips for success! Buy-to-let property investment has soared in popularity, thanks to the combination of a raft of perks and poor returns from traditional investments. Now that pension freedom … Continue reading “Five dos and don’ts if you’re buying to let”

Should you get a 30 year or longer mortgage?

The length of a mortgage is typically 25 years, yet more people are considering borrowing money for longer to bring down the average cost of monthly repayments. But taking a 30 year or longer mortgage could end costing you a lot more money. House prices rises might have slowed down, but they’re still very high … Continue reading “Should you get a 30 year or longer mortgage?”

Who has benefited from Help To Buy?

The latest statistics1 show the scheme has  helped over 220,000 home-buyers. The average house price across the scheme is £191,000, illustrating that it’s helping people buy at the lower end of the housing market. With the government having pledged earlier in the year to fix the UK’s “broken housing market” it’s welcome news that over … Continue reading “Who has benefited from Help To Buy?”

Three Ways to Cope with Losing Buy-to-Let Tax Relief

The game has changed for many buy-to-let landlords. From April 2017 the change to buy-to-let tax relief started being phased in, which could translate into a big loss of profits for many with rental properties. What can you do about it? It used to seem as if buying to let was a licence to print … Continue reading “Three Ways to Cope with Losing Buy-to-Let Tax Relief”

From student loan to your first pension and mortgage

You go to university because you want a good job and career. But what you won’t necessarily learn is how to adapt to your new life earning money and being financially responsible. Here are the top tips about work and finance that every graduate should know. There are many daunting aspects of graduating from university. … Continue reading “From student loan to your first pension and mortgage”