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The latest house price survey shows a small fall, whilst the buy to let market continues to boom, especially in Nottingham and the East Midlands as the number of buy to let mortgages available rises.
In other news the government has announced more details on the NewBuy scheme designed to help kick start the housing market.
Are you looking for ...
The latest house price survey shows a small fall, whilst the buy to let market continues to boom, especially in Nottingham and the East Midlands as the number of buy to let mortgages available rises.
In other news the government has announced more details on the NewBuy scheme designed to help kick start the housing market.
Are you looking for ...
February 4th, 2012
An Annuity provider has called for joint life Annuities to be the default option for married couples.
The Annuity provider Partnership, are lobbying Government ministers to change the current situation where in the absence of any other decision a single life Annuity is provided, despite the fact that there may be a dependent spouse.
Spouse’s pension...
February 1st, 2012
This week's housing round up includes news that the housing market remains stagnent, whilst lenders are pushing up mortgage arrangement fees and in some cases interest rates.
Are you looking for mortgage advice?...
January 28th, 2012
The government this week announced a further delay in its Auto Enrolment program, meaning many workers will have to wait for much needed employer pension contributions.
Auto enrolment delay
Originally the government had intended that the Auto Enrolment program, which will force both employees and employers to contribute to a work place pension, would have been fully rolled out by 2016.
Auto Enrolment was supposed to help those people who had not yet save enough for their retirement, by forcing employers to contribution on their ...
January 27th, 2012
National Savings & Investments (NS&I) has been forced to cut the interest rate on one of its most popular account after concerns were raised that it might breach its financing target.
In a bid to maintain competition and fairness in the savings market, the Treasury set a net financing target for the amount of money NS&I can take in. For the year 2011/12 the target is £4 billion, however the latest forecast, released ...
January 25th, 2012
This week’s housing round up includes news that might indicate some light at the end of the tunnel for first time buyers looking for higher loan to value mortgages. Whilst the number of house hunters increase and rents fall in the buy to let sector
Increased mortgage choice for first time buyers
New research shows that mortgages products requiring a smaller ...
January 21st, 2012
The Labour party is calling for a commission to investigate falling retirement incomes.
Plummeting gilt yields have pushed Annuity rates lower and also reduced the maximum level of income available from Income Drawdown plans causing financial hardship to many existing retirees and would be retirees.
Free pension Annuity calculator...
January 20th, 2012
Anyone who has done an Annuity rates comparison in recent months will confirm just how far Annuity rates have dropped, mainly due to plummeting gilt yields. But it isn’t just Annuities which have been affected, people with Income Drawdown plans are in many ways the hidden victims of falling gilt rates.
Maximum Income Drawdown income
The maximum amount which can be taken from an Income Drawdown plan is set by ...
January 19th, 2012
It has emerged that the European Commission’s ruling on gender pricing in Annuities will not apply to occupational pension schemes.
The European Court of Justice ruled in March last year that insurers could not use gender as a factor when pricing their Annuities.
Annuity rates
The ban is due to come into effect from 21st December 2012 and initially it was thought that insurers would need to change the way in which they price their Annuities. Many experts predicted the ruling would lead to lower ...
January 18th, 2012
As expected the rate of inflation fell sharply in December.
Figures released today by the Office for National Statistics (ONS) show that the Consumer Prices Index (CPI) fell from 4.8% in November to 4.2% in December, mostly due to lower fuel and clothing prices.
The Retail Prices Index (RPI), which includes mortgage interest payments, fell to 4.8% in December, from 5.2% in the previous month.
The drop in the rate of CPI inflation is the largest fall since April 2009.
Clothing, fuel and alcohol
Clothing showed a ...
January 17th, 2012
