A recent industry survey1 showed that 41% of people feel stressed by the mortgage process, taking the fun out of looking for a new home. This needn’t be the case and by following these top tips you can stay in control, save money and enjoy the experience.
For full briefing click here. Your Home Finance Summer 2018
Although interest rates were left unchanged following the Monetary Policy Committee (MPC) meeting on 20 June, an additional dissenting voice has increased the likelihood of a rate rise at the next meeting in August.
For Full Briefing click here: Economic Review June 2018
Record high seen for £1million plus house sales
Recent Land Registry figures state that despite a small decline in the number of £1million plus houses sold in the UK in the first half of 2017, the second half saw a rebound. This culminated in a 5% increase in sales to 14,474 in 2017, a record high compared with 13,748 seen in 2016. This compares with only 7,862 £1million plus house sales, recorded in 2012.
For full briefing click here. Residential Property Review June 2018
Level playing field for commercial property tax law
The government has confirmed a radical change to tax law to take effect from April 2019. This will subject commercial property held by non-UK resident investors to both Capital Gains Tax and Corporation Tax.
For full briefing click here. Property Market Review May 2018
BOE EXPECTS ECONOMY TO BOUNCE BACK
Updated Bank of England (BoE) forecasts suggest the UK economy is set to bounce back in the second quarter of 2018, despite continuing signs of waning consumer sentiment.
For full briefing click here. Economic Review May 2018
Highest number of vacant houses in England for decade
The UK government’s ‘Ministry of Housing, Communities and Local Government’ has revealed that the number of vacant residential properties across England has risen for the first time in a decade, by 2.6% in 2017 to 205,293. This figure represents 0.9% of the housing stock available across the country; according to estate agent Savills.
For full briefing clcick here. Residential Property Review May 2018
MILLIONS SET TO RELY ON £7K IN RETIREMENT – DON’T BE ONE OF THEM
The poorest pensioners are relying on the state pension for around three-quarters (78%) of their income in retirement, as reported by research carried out for the Pensions Policy Institute1. According to the report, the state pension is a major component of their retirement income for all savers, except for those who have been able to make their own pension arrangements.
For full briefing click here. Your Wealth Spring 2018
Rise of office hot deskers continues
According to Bloomberg, Debenhams is the latest retailer trying to get rid of excess space as it scales back its high street presence. The retailer is reported to be in early stages of talks with hot-desking firm WeWork, involving their flagship store on London’s Oxford Street.
For full briefing click here. Property Market Review April 2018
FURTHER IMPROVEMENT IN PUBLIC SECTOR FINANCES
UK government borrowing has fallen to its lowest level in more than a decade, a situation which may provide Chancellor Philip Hammond with scope to relax his tight grip on public spending.
For full briefing click here. Economic Review April 2018
SAVERS HAVE MISLAID OVER £400M IN OLD PENSION POTS – DON’T LOSE TRACK OF YOURS
If you’ve changed jobs during your career, you may find yourself with several pension pots with different employers or pension providers. It’s obviously very important to track down all the different pension schemes you’ve paid into, as you’ll want to be sure that when it comes to retirement you’re claiming everything you’re entitled to.
For full briefing click here. Your Money Spring 2018