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
Survey results show momentum is subdued
The recent Royal Institution of Chartered Surveyors’ UK Residential Market Survey, has outlined that at a national level, sales and new buyer enquiries have continued to decline. The regional breakdown shows that London and the South East are particular areas of weakness. Survey respondents generally believe that the short-term national outlook remains flat, but 47% anticipate house prices will be higher in a year’s time, with price expectations most elevated in Wales, Scotland and the North West of England.
For full briefing click here. Residential Property Review April 2018
High level of investment seen in Europe
In their recent European Commercial Property Outlook for Q3 2017, Knight Frank have revealed that European investment volumes for 2017 are set to exceed those of 2016. Their report highlighted that in the third quarter of 2017, €47.4bn was invested, which represents a 13% increase on the same quarter one year previously.
For full briefing click here. Property Market Review March 2018
MORE HOMEOWNERS MOVING UP THE HOUSING LADDER
Figures from Lloyds Bank show that in 2017 more than 370,000home movers progressed up the housing ladder and purchased their next property – the highest recorded figure for ten years. The only region to record a fall in the number moving up was Greater London.
For full briefing click here. Your Home Finance Spring 2018
MPC VOTE SUGGESTS RATE RISE IN MAY
Although interest rates were left on hold following the Monetary PolicyCommittee (MPC) meeting on 22 March, a split vote appears to havepaved the way for a rate hike at the next meeting in May.
For full briefing click here. Economic Review March 2018
Remortgages hit a nine-year high
In their recent mortgage trends update, UK Finance revealed that remortgages reached a nine-year high in January. In addition, both the number of home movers and first-time buyers increased, when compared with the same period last year.
For full briefing click here. Residential Property Review March 2018
Brexit fears discounted in London Office market
Central London saw leasing activity rise to 13.84 million sq. ft.in 2017, which represents a two million sq. ft. increase on theprevious year, according to a recent report from the surveyors Knight Frank. Much of this demand came from the everexpanding UK Technology, Media and Telecommunications (TMT) sector.
For full briefing click here. Property Market Review February 2018
AN ISA MILLIONAIRE – COULD YOU MAKE IT TO £1M?
The odds on becoming a millionaire through winning the lottery or scooping the Premium Bond jackpot are slim at best. However, withplanning, patience and sufficient money available to invest in stocksand shares, by reinvesting all your dividends, and making maximum use of your tax-efficient allowance, it is perfectly possible to become an ISA (individual savings account) millionaire. In fact, hundreds of investors, including many who started to build their tax-efficient portfolios in the 1980s through Personal Equity Plans, have done just that since the ISA scheme was launched in 1999.
For full briefing click here.Your Money Winter 2017-18
BANK OF ENGLAND SIGNALS EARLIER RATE RISE
The Bank of England (BoE) has indicated that interest rates are set to rise sooner and by a greater extent than it previously anticipated. While the nine-member Monetary Policy Committee (MPC) unanimously voted to leave rates unchanged following February’s meeting, new guidance was issued suggesting that the pace of monetary tightening is likely to accelerate if the economy remains on its current track.
For full briefing click here. Economic Review February 2018