February 2016

Annual house price growth rises by 4.4%

By |February 2nd, 2016|

According to Mortgage Solutions house price growth rose 0.3% in January, which means the annual growth figure remains steady at 4.4%.

Prices rose to an average of £196,829, according to figures from Nationwide’s House Price Index.

Nationwide’s chief economist Robert Gardner said growth has remained in a fairly narrow range between 3% and 5% since last summer.

“As […]

January 2016

ISA returns of the year

By |January 26th, 2016|

Finding the right mix of tax-efficient investments
We all have our own financial goals, so it’s important to find an approach that suits our current financial situations and future plans by finding the right mix of investments to achieve them. If you wish to seek independent financial advice to ensure that this is done correctly we […]

Income protection

By |January 12th, 2016|

Research has highlighted existing gap between awareness and prioritisation
Having a clear understanding of your protection requirements and the importance of getting the right professional financial advice as you enter the New Year are essential, and they will be of increasing significance from April when working age welfare support for mortgage interest and bereavement benefits are […]

Pension tax relief

By |January 8th, 2016|

New tapered annual allowance for high earners
The pension tax relief system is about to be reinvented. The Government announced in the Summer 2015 Budget their intention to cut pensions tax relief for high earners by introducing a tapered annual allowance from 6 April 2016 for individuals with income (including the value of any pension contributions) […]

Buy-to-let and second homes

By |January 5th, 2016|

Higher stamp duty payable from April 2016
Buy-to-let landlords and people buying second homes from April this year will have to pay a 3% surcharge on the stamp duty charged for the property.

Chancellor George Osborne made the announcement during his Spending Review and Autumn Statement last year. From April, you will have to pay a 3% […]

December 2015

House prices are expected to rise by 6% in 2016

By |December 24th, 2015|

Average house prices are expected to rise 6% by the end of 2016 after a strong finish to the year which saw December asking prices take their lowest dip since 2006.

According to Mortgage Solutions after a monthly price fall of 1.1% in December, the annual price increase stood at 7.4%, figures from Rightmove’s December House […]

Financial decisions

By |December 22nd, 2015|

Flexibility to use your pension pot in the way that suits your needs
Financial decisions are some what very important, some more important than others and of those being adequate financial provision for retirement.  However sometimes for some people this can be a daunting topic and the options they find that they have can be sometimes […]

November 2015

Gross mortgage lending is at its highest level in six years

By |November 30th, 2015|

According to Mortgage Solutions gross remortgage lending rose to £6.1bn in October, topping the £6m mark for the first time since January 2009, figures from property services firm LMS show.

This is an increase of 20% compared to September’s figure of £5.1bn. The value of remortgaging also rose by 49% in October compared to the same time last […]

NS&I Children’s Bond

By |November 27th, 2015|

If you are a parent, grandparent, great grandparent or legal guardian, you are able to invest between £25-£3,000 tax free for five years at a time until the child reaches 16. For which then they will gain control of the bond. The interest rate is guaranteed, so you’ll know how much the investment will earn […]

Buy-to-let investors seek out cheaper properties and higher LTVs

By |November 27th, 2015|

The popularity of buy-to-let properties priced below £150,000 increased by 14% in the third quarter compared to a year earlier, while more landlords searched for higher loan-to-value mortgages.

Mortgage Advice Bureau (MAB) published research which revealed that seven in 10 buy-to-let investors looking for a mortgage in Q3 searched for a property valued below £250,000, with […]