What Will Baby-Boomers Do With Their Wealth?
Although it has been suggested many grandparents are spending the kids inheritance, research shows that they are much more likely to be focused on passing money on to the next generation. Indeed, fears have been voiced that they are often putting the needs of other family members before their own entitlement to a financially-secure retirement.
For full briefing click here. Your Wealth Summer 2017
Blackstone closes £500m deal to grab majority stake in The Office Group
Blackstone, one of the largest private equity houses, who currently manage over €140bn of real estate assets globally, has acquired a majority holding in temporary workspace business The Office Group (TOG), itself a privately-owned company and landlord to several major corporations.
For full briefing click here. Property Market Review July 2017
Positive UK Economic Growth in Q2
According to initial estimates from the Office for National Statistics (ONS), in the second quarter of 2017 the UK economy continued to grow. They calculate that the UK saw growth of 0.3% in the three month period ending 30 June, an improvement from the Q1 figure of 0.2%.However, the ONS did caution of a ‘notable slowdown’ since last year, where in the final quarter of 2016, Gross Domestic Product (GDP) grew by 0.7%.
For full briefing click here. Economic Review July 2017
Remortgage approvals steady
The Bank of England (BoE) reports that mortgage lending in the UK recorded an annual increase of 2.9% to May 2017.
The BoE also records 65,202 house purchases for May, up marginally from the 65,051 seen in April, but still below the six month average of 66,990.
For full briefing click here. Residential Property Review July 2017
Getting your offer accepted – How to give yourself the best chance
As we all know, buying a home ranks high up the scale of stressful events. You need to have a plan in place from the moment you start seriously looking, so that if you find somewhere that’s right for you, you’re prepared and can get your offer in quickly.
For full briefing click here. Your Home Finance Summer 2017