Young adults struggle to understand the mortgage process
It is hardly a secret that young people face significant barriers on their way to purchasing their first home. Quite apart from prohibitive house prices and stringent affordability criteria, a lack of understanding of how the mortgage process works is also holding them back. According to a survey1, 52% of adults aged 18–34 say they […]
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UK investors plan to continue lockdown habits
During the pandemic, many people have been able to significantly increase their investment contributions, as spending on travel, leisure and hospitality plummeted. Now, a poll1 has revealed that, far from reducing their investment contributions as restrictions loosen, 76% of UK investors intend to keep up their lockdown habits, with half planning on reducing everyday spending […]
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News in Review
“Growth is being accompanied by an unprecedented rise in inflationary pressures” A closely monitored survey, released last week, suggests the UK economy unexpectedly regained momentum during October. The preliminary reading of the IHS Markit/CIPS Composite Purchasing Managers’ Index (PMI) rose to 56.8, up from 54.9 in September. This represents the largest monthly increase since May […]
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COP26 – working together to tackle the climate crisis
The United Nation’s 26th Conference of the Parties – COP26 – is recognised as the most important climate change event since the 2015 Paris Agreement. Due to be held this November in Glasgow, the summit will bring together world leaders to build on the work left unfinished by COP25 and the goals set out in […]
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Lockdown savings? Should you overpay on your mortgage?
Some families have found it easier to save more than normal during the pandemic, due to reduced outgoings on things like commuting, holidays and entertainment. If you have a mortgage, overpaying is one option worth considering. Benefits of overpaying In a low-rate environment, savings rates are likely to be lower than your mortgage rate, so […]
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In the news – Home Finance
Interest in equity release More than half (57%) of homeowners have expressed interest in releasing equity from their property, according to the Equity Release Council. Across all ages, the most popular reason is to boost pension income and savings, followed by paying for care support at home. The total housing equity available to retirees and […]
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News in Review
‘Global cooperation is key to addressing our shared challenges as we emerge from the pandemic’ Chancellor Rishi Sunak stressed the importance of nations working together to tackle supply chain issues at a meeting of G7 (Group of Seven) nations in Washington last week. The meeting of finance ministers and central bank governors discussed the importance […]
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Money – In the news
A third are indebted as they enter retirement Retirement. That much-awaited time when, after paying off your mortgage and accumulating a pension pot, you stop work and sail off into the sunset to enjoy your twilight years. Unfortunately, not every retiree’s story matches this ideal. Indeed, far from having everything paid off, it has been […]
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Wealth – In the news
ESG assets to top $50trn by 2025 ESG assets are forecast to exceed $50trn (£36.5trn) – over a third of projected global assets – by 2025, according to Bloomberg Intelligence1. The analysis comes as environmental, social and governance factors are becoming increasingly important to investors across the globe. “The pandemic and the global race to […]
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