When your children have grown up and left home, your house can suddenly feel a lot bigger and emptier. But despite there being many compelling reasons to move to a smaller property, many of us stay put. So should you be thinking about downsizing? According to a study by Zoopla, more than nine in ten …
Although the government has made tackling inflation one of its core priorities for 2023, the rate of price increases remains stubbornly high – staying stuck at 8.7 per cent in the year to May. As a result, many analysts and observers are expecting the Bank of England to continue hiking up interest rates for some …
Interest rates have been heading in one direction for more than a year now, rising from 0.1 per cent in December 2021 to 4.25 per cent today. That’s had a very real and tangible impact on households in the form of higher mortgage repayments, and also pushed up the cost of borrowing for businesses too. …
Do you know how much your home has gone up in value since you bought it? If you purchased your house more than 20 years ago, chances are it’s worth a great deal more than it was originally. According to Aviva, the average value of a property owned by 65 to 74-year-olds is now £287,000. …
In the first week of the New Year there was a story that was widely reported in many of the papers. ‘More and more people pushed into higher rate tax bracket’ ran the headline with – according to which paper you read – either 1m or 1.2m more people are set to pay the 40% …
This March saw the prices of residential properties rising at the fastest rate since just before 2007’s financial crisis, with the average price of a home in the UK increasing by 10.2% in the year up until March. The stamp duty holiday introduced by the Government certainly played a part in this development. Having been …
Over the past year we’ve seen tens of thousands of people lose their jobs. We’ve seen businesses up and down the country cease trading and we’ve seen enough uncertainty to last most of us a lifetime. At the moment the forecasts are that the UK economy will be back to pre-Covid levels by the second …
At the virtual Conservative Party Conference on 6th October, Prime Minister Boris Johnson gestured towards a plan in the pipeline to introduce 95% Loan To Value mortgages in an attempt to reinvigorate home ownership and in his words, “help turn generation rent, into generation buy.” While the details of this plan remain unclear, the PM …
