Record 22% housing market share for first-time buyers

First-time buyers took a record 22% share of the housing market in the fourth quarter of 2016, the highest since records began in 2007. A press release from the Bank of England published on the 14th of March shows that the percentage of first-time buyers is rising, with figures set to go even higher later in the year. The fourth quarter of 2016 saw £62.8 billion of new residential loans taken out, which was a 2.6% decrease compared to the previous three months. Adrian Anderson, the director of property finance specialist ...

How should you use the new lifetime ISA?

They say that an ISA is for life, not just for Christmas. Or is that a dog? Regardless, that’s the case for the new Lifetime ISA. The Lifetime ISA (shortened to LISA in this article for your own sanity) will be launched on the 6th of April 2017. It is a saving scheme that will be partially funded by the Government, and this article will delve deep into exactly how it can be used: First house purchase? Retirement? Both? So, who or what exactly is LISA? The LISA is the latest addition to the ...