Rain or shine? A guide to weathering the UK economy

The UK’s favourite habit is talking about the weather. But lately the economy has proved even harder to predict. So what’s the forecast for businesses, homebuyers, savers, investors and spenders? ‘The economy is bouncing back.’ ‘There’s a recession coming.’ ‘Don’t panic!’ ‘We’re all doomed.’ To say there are mixed messages about the UK economy right … Continue reading “Rain or shine? A guide to weathering the UK economy”

Game of Loans – is winter coming for homebuyers?

Stark warnings have been issued from lenders and mortgage experts that the property market could soon get much tougher and loans more expensive. But there are still ways for the more shrewd homebuyer to fulfil their ambitions. Getting on the property ladder has never been easy for first-time buyers. However, soon it might feel as … Continue reading “Game of Loans – is winter coming for homebuyers?”

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”

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”

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”

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”

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?”

Surge in demand for pension advice amid COVID confusion

The UK has seen a rapid rise in the number of people accessing their pension pots or enquiring about doing so, according to separate findings by Unbiased.co.uk and HMRC.  A combination of pressures triggered by the COVID-19 crisis is driving more Brits to raid their pensions for one reason or another. And although many are … Continue reading “Surge in demand for pension advice amid COVID confusion”

Has lockdown lifted your savings?

Though many have suffered financially from the COVID-19 lockdown, some Brits are enjoying a mini-windfall due to lower spending. If your savings have received a boost, how can you make the most of it? They say it’s an ill wind that blows no-one any good. In the midst of so much bad news – both … Continue reading “Has lockdown lifted your savings?”

Property market health check: how will house prices move?

With the reopening of the housing market in the UK, all eyes are watching to see how it responds. If you’re hoping to buy, sell, remortgage or just get on the property ladder, here’s why the coming six months could be crucial. The government has opened the starting gate on the UK housing market, and … Continue reading “Property market health check: how will house prices move?”