17th September 2020

In the news

EQUITY RELEASE RATES RISE FROM ALL-TIME LOWS Rates on lifetime mortgage deals are beginning to rise from record lows, with the average equity release rate for fixed and variable rate deals rising in March and in April1. While those considering taking out a lifetime mortgage will likely want to take advantage of lower rates, equity […]

10th September 2020

Buyers move further for new builds

Buyers of new build properties are willing to move 56% further than those purchasing second-hand homes, according to Savills1. New builds are clearly a more attractive proposition for buyers, drawing households an average of five miles from their previous home, against 3.2 miles for households moving into an older property. The research also revealed regional […]

26th August 2020

Home working opens new horizons

One effect of the coronavirus epidemic has been the pressure placed on many people to find viable ways of working from home, aided by technology. Where insurance, security, connectivity and any local planning constraints allow, it’s likely that a significant number of these workers may continue to be wholly or partially home-based after the virus […]

19th August 2020

Timing pays off for the early bird ISA investor

Early tax year ISA investors could be thousands of pounds better off, according to research1 looking at the investing habits of hypothetical ISA investors over the last 10 and 20 years.  The study concludes that if you were an ‘Early Shirley’ and invested your full ISA allowance on 6 April for the past 20 tax […]

Making sense of pensions withdrawals

Research1 has revealed that one in five over-55s with a private pension withdrew a lump sum during 2019, although the study does suggest that, for many, this was probably not a financially sensible course of action. ‘Stash the cash’ The most popular reason for accessing pension wealth was to put the money into a savings […]

10th August 2020

Protection for your money

With the outbreak shocking nations around the world and impacting people’s finances, savers understandably want protection for any savings they may have. For UK savers, the Financial Services Compensation Scheme (FSCS) can provide a safeguard adding a valuable level of reassurance. If you have any money in an account with a UK authorised bank, building […]

4th August 2020

You’re in safe hands

Buying a home is a major step that is much easier to take if you are well-informed and well-advised, regardless of whether you are a first-time buyer or someone who has moved before. Mortgage debt accounts for over 80% of total UK household liabilities, so finding a suitable mortgage is an important financial decision. Most […]

Know your numbers this tax year

It’s well worth being aware of the tax allowances and exemptions available in 2020–21 to be able to maximise them for your own individual financial planning. Here are a few figures worth knowing: Personal taxation The National Insurance threshold is now £9,500. The Personal Allowance remains at £12,500, while the £50,000 higher-rate threshold remains unchanged […]

30th July 2020

Mortgage market update

Stamp Duty Holiday The recent Stamp Duty Holiday announcement in Rishi Sunak’s Summer Budget has come as a huge positive for all homebuyers, with many people now actively looking for a new property knowing they have a significant up-front saving given this great opportunity. To put this in context, the average stamp duty saving will […]

28th July 2020

Time to remortgage?

Borrowers on a tracker, discounted or variable rate mortgage may have already benefited from base rate cuts in March, but borrowers whose mortgage deal is nearing its end, or those currently on a standard variable rate (SVR), should review their situation as there are some competitive products on the market. Remortgaging is where you take […]