UK economic growth forecast upgraded An updated forecast published last month by the Organisation for Economic Co-operation and Development (OECD) suggests the UK will be the joint-second fastest growing economy among the G7 nations this year. According to the OECD’s latest projections, the UK economy is set to expand by 1.1% across the whole of […]
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Divorces held back by financial considerations
New research1 has found that one in ten married people in the UK have considered splitting up but decided against it, with the financial burden of divorce most commonly given as the main reason. A challenging time While respondents to the survey did cite other reasons for not divorcing a partner, for instance the effect […]
Your pension and the next generation
If you thought your pension was just your retirement savings then think again. As well as ensuring your financial certainty when you want to stop working, a pension is a great way to support future generations. This is because defined contribution pensions are one of the most tax-efficient ways of passing on your wealth. No […]
Residential Property Review – September 2024
Recovery in the residential market Recent data indicates that the residential property market is continuing to recover. According to TwentyCi, in the period from June to August 2024, sales agreed were only 1% lower than pre-pandemic levels. Promisingly, the number of new property listings was up 3%, indicating growing confidence among sellers. Meanwhile, Bank of […]
Commercial Property Market Review – September 2024
Growth expected in commercial property market Savills expects to see growth in the UK’s commercial property market in Q4. The sector had a good start to 2024, as cross-border investment hit $14bn in H1, with the UK attracting more capital than the USA or any European peers. Investors were given a further boost by the […]
What advice would you give to your younger self?
A survey1 has found that 51% of people would tell themselves to start saving as soon as they can. Meanwhile, 41% would say to take more care of their health, and a third would advise worrying less about what other people think. How old do you feel? The same report also asked UK adults when […]
Aberdeen is the cheapest city for FTBs
Jobs permitting, those looking to get on the property ladder may start flocking to Aberdeen, as a report has found it is the most affordable city to be a first-time buyer (FTB)1. Under the assumption that a FTB home has two bedrooms or fewer, the average asking price for a property in Aberdeen is £102,601. […]
Advice for first-time buyers
Getting a foot onto the property ladder has always presented challenges. Research suggests FTBs could currently be experiencing the most expensive conditions in 70 years1. Who is most affected? In the current property market, a successful first purchase often requires two high incomes plus financial support from family members. Therefore, those who are buying alone, […]
Making sure you’re sufficiently insured in your ‘middle years’
Research1 has found that people in their 30s and 40s could be slipping through the net when it comes to protection cover. The data highlights that those in this age bracket are more likely to have inadequate protection cover for their mortgage, should the worst happen. Has your protection caught up? Many people experience significant […]
Economic Review – August 2024
BoE starts to cut rates In early August, the Bank of England (BoE) sanctioned the first reduction in interest rates since March 2020 and economists expect a second cut to be announced before the end of this year. The closely-run decision was announced on 1 August following the latest meeting of the Bank’s Monetary Policy […]
