UK catches the property auction bug

Are Brits abandoning the estate agent for the auction house? This year nearly 40% more property by value has been sold at auction, compared to 2019. Leading provider Auction House has enjoyed a record October performance, having shifted £65m worth of property in that one month alone, while John Pye Property saw transactions more than … Continue reading “UK catches the property auction bug”

Are you in a pension savings risk group?

Belonging to an ethnic minority or being a home renter are just two of the factors putting people at risk of insufficient pension savings, according to a new report. We take a deeper look at who is more likely to be retirement-ready, and who may need to save harder. Worried about your current rate of … Continue reading “Are you in a pension savings risk group?”

Lockdown 2: Can my business still use furlough?

The UK’s new nationwide restrictions – popularly known as the ‘second lockdown’ or ‘lockdown 2’ – mean that the furlough scheme that was due to end from the start of November will now be extended. The current plan is to continue it until at least until 2 December, though it may extend further if the … Continue reading “Lockdown 2: Can my business still use furlough?”

‘Generation Buy’ – PM pledges 95% fixed-rate mortgages

Prime Minister Boris Johnson hopes to bring back affordable 95% mortgages and ‘create two million more owner-occupiers’ under a new scheme already being dubbed ‘Generation Buy’.  It is not yet at all clear how the scheme would work, or what it might cost, but millions of frustrated buyers are doubtless hoping that it might help … Continue reading “‘Generation Buy’ – PM pledges 95% fixed-rate mortgages”

Financial decisions are hardest – but are women better at them?

Research by UCL and Barclays has confirmed that people struggle most of all with financial decisions. But while some women are emerging as more confident investors with the rewards to show for it, others are being left behind. Believe it or not, people agonise more over where to invest their money than they do over … Continue reading “Financial decisions are hardest – but are women better at them?”

Remortgage to renovate: the new UK property trend

A growing number of homeowners are turning to remortgaging to release funds to improve their homes and raise their value. Meanwhile some lenders are seeing remortgagers as a safer prospect than new buyers, resulting in better deals becoming available. Being locked down at home has given millions more Brits a chance to notice the peeling … Continue reading “Remortgage to renovate: the new UK property trend”

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”