Mortgages: How to help your children get onto the housing ladder

New research from HSBC and the Centre for Economics and Business Research (CEBR) has shown that one in five first time buyers needs help from their parents. In fact between 2008 and 2011, 100,000 first time buyers were helped by their parents. Since the credit crunch the number of high loan to value mortgage deals has shrunk significantly, most lenders now require at least a 10% deposit and the best deals are reserved for borrowers with even more to put down. So, if your children are caught in the ‘Catch 22’ of rising rental costs, meaning they can’t afford to save to ...

Retirement: Over 21 million people over 50 worse off because of Quantitative Easing

A new report has shown just how hard older generations in the UK have been hit by the economic downturn, and in particular, by the remedies prescribed by the government and the Bank of England. The report commissioned by Saga and carried out by the Centre for Economics and Business Research (CEBR) says that a combination of low interest rates, rising prices and Quantitative Easing (QE) has hit the over 50’s harder than any other group. Lower returns & rising inflation Our ...

New survey shows only London escapes falling house prices

The latest house price survey by the Land Registry has shown that prices have fallen in every region of England and Wales, except London, over the past year. According to the Land Registry the average price of a home in England and Wales is now £163,049, up by 1.3% in the month of July, but still down by 2.1% on this time last year. The Land Registry said: “This is the largest monthly movement since January 2010." Regional Trends As always the figures show house prices moving in different directions depending on location. For example house prices in the North East of England showed ...

House prices to rise to record highs by 2015 according to new report

The think tank, Centre for Economics and Business Research (CEBR), has predicted that house prices will rise by 14% over the next four years. The new report from the CEBR predicts that by 2015 the average house price in the UK will be £200,000, a steep rise from the current average of £200,000. The last peak in house prices was in 1997 when the average home was value at £191,200. The CEBR has downgraded its previous forecast; in May it suggested that house prices would rise 16% by 2015. Lack of demand The CEBR has cited lack of supply as the main driver for the ...