First-time buyer doubts dampening spirits as two-fifths believe they won’t achieve their homeowning dreams

Almost half (48%) of people aged between 25 and 34 today who aren’t on the property ladder say they want to own their own home within the next 10 years. However, 41% think that achieving this dream is impossible. What are 25-34-year old’s expectations? Research from the Building Societies Association(BSA) shows that the number of people aged 25-34 who own their own home has dropped from 40% to 33% over the past 10 years. Looking forward, the research shows that 62% would like to own a home within the next ...

The struggle of finding the perfect home as a last-time buyer

Last-time buyers are those people looking for the home they will settle in during their retirement, and which they will potentially live out the rest of their lives in. They account for 30% of homeowners aged 65 and over. Unfortunately, research from Key Retirement has shown that many last-time buyers are struggling to find a home which matches their needs and is located in their preferred area. Why do older people want to downsize? There are several factors which may lead retirees to look for a smaller, or more ...

Brexit: Keep calm and carry on

exit from the eurozoneIt’s true to say that, whichever way you voted, In or Out, most of us were surprised by the EU referendum result, especially after the final opinion polls (as well as the bookmakers) suggested that Remain would be victorious. However, the reality was of course a victory for the Leave campaign. A few days later, as politicians try to navigate unchartered waters, Sterling weakens and stock markets fall, you can be forgiven if your thoughts turn your own personal finances. The next few weeks will be characterised by a ...

Retirement: Planning to raid your pension to invest in buy to let? 6 reasons why you should think again

6 reasons why people who plan to raid their pension to invest in buy to let should think again New research has discovered that an astonishing number of people plan to raid their pension pot and invest in buy to let property. From April next year anyone over the age of 55 will have unprecedented access to their pension, with no restrictions on the amount of money they withdraw. It appears that large numbers of people plan to use these new freedoms to buy rental property. The survey by Bank of Ireland ...