House price growth to slow?

New figures show that the rate of growth in house prices increased in November, but the news came with a warning that the market may slow in 2017. Figures from the Halifax show that house prices rose by 6% in the year to November; taking the value of the average home to £218,002. Housing slowdown? However, before homeowners get carried away with the seeming constant rise in house prices, the Halifax also said that "annual house price growth may slow over the coming months". In fact, the Nationwide has previously reported that house price ...

Young people struggling to save

SavingsNew research has shown that young people are finding it harder than ever to build up savings. According to the Pension and Lifetime Savings Association young people, aged 18 – 35, want to save but find their ability to save “curbed by short term necessity”. The research of nearly 1,000 young people, also concluded that: 51% of young people get more satisfaction from saving than spending money A similar number, 53%, disagreed that young people tend to live for today Perhaps surprisingly, more than half (57%) of the people surveyed said they ...

House prices bounce back strongly

House prices bounce back stronglyHouse price growth has been slowing over the past few months on the back of falling mortgage approvals. However, new figures from the UK’s largest mortgage lender have revealed a reversal to this trend, with a sharp rise in house prices. Sharp house price rise According to the Halifax, house prices rose by 2% in January, the highest rise in the first month of the year, for the past six years. Over the past quarter prices are up 1.9% and have risen by 8.5% over the past year, taking the value of ...

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 ...