Cheaper to rent in some regions

iStock_000007328454XSmallNew research, from mortgage giant Santander, reveals that in some areas of the UK it could be cheaper for prospective first time buyers to continue to rent, rather than buy a home. The research suggests that first time buyers in in London, the South East and perhaps surprisingly, Scotland, will find it cheaper to continue renting compared to buying a home. First time buyers in the capital face an average monthly mortgage outlay of £1,342 compared to an average monthly rent of £864....

Talking ’bout my generation? Financial tips for thirtysomethings

In the latest part of our regular series, we offer our top tips to each generation for dealing with the financial crisis, this month we look at the problems facing thirtysomethings. Your 30’s traditionally the decade of your life when you raise a family, move on from your starter home, and start thinking about pensions, life insurance and other ‘sensible’ financial planning. Has the credit crunch and subsequent financial crisis changed that? Probably not, if you were already on the housing ladder when the full effects of the financial crisis struck. But definitely if you are still looking to buy your first ...

Financial makeover: 6 tips for your personal finances

6 tips for your personal finances Many of us feel that our personal finances could do with some attention, but where to start? What’s most important? Which areas of your finances need a makeover? Based on the clients we see and the enquiries we get, we’ve put together a list of six tips to help you improve your personal finances. We’d love to hear your thoughts, please leave any comments as well as your own financial tips at the bottom of this article. 1.    Standard Variable Rate ...

Housing & mortgage round up: House prices continue to fall but better news on repossessions

Housing & mortgage round upLast week it was the Nationwide, this week the Halifax release their latest house price data; it doesn’t make good reading for most homeowners. Whilst house prices may be falling it appears that the number of repossessions has slowed, at least for the time being. Read on for these stories and more. Halifax: House prices fall Are you looking ...