The Nation’s Self-Employed are at Risk of Financial Crisis

It was recently discovered that approximately two million of the UK’s self-employed can’t afford to save a penny each month.

Only 4% have income protection insurance to cover their outgoings if they find themselves unable to work for any reason, which would leave them struggling to cope financially.

With so much at stake and the price of income protection insurance being relatively low, why are so many of our self-employed unprotected?

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Posted in Uncategorized

What Will Divorce Mean for Your Mortgage?

Going through a divorce is a really tough time for everyone involved. And unfortunately it can be made even more difficult when dividing up your assets.

Deciding what happens to your family home will probably be one of the biggest financial decisions you will face.

If you know what solutions are available to you and the choices you might want to make it can make the whole process much less traumatic.

So we’ve laid out your options below . . .

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Posted in Uncategorized

Want to Release Some Equity for Home Improvements? Here’s How…

Owning your own home is a great joy for many, but it does come with its responsibilities. Over time, your home will not only need general maintenance work, but you may find you want to make changes and improvements.

For homeowners who are coming to the end of their mortgages, or have indeed cleared them, equity release is a fantastic way to raise some funds for their much desired improvements.

Whether you want new PVC windows and external doors or just to have a bit of landscaping done in your garden – let us tell us what your options are for equity release.

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Still on the up: house prices rise fastest in the East of England

If you own a house in the East of England, the good news is it could be worth considerably more than it did one year ago. According to the latest figures published by the National Office of Statistics, annual growth in house prices in the region rose by 13.3% in the year to August 2016, outperforming the South East at 12.2% and London at 12.1%.

The  UK House Price Index showed that growth was strong across the country, with average house prices increasing by 8.4% compared to 8.0% in the year to July 2016. That means, across the UK, the average house will set you back £218,964.

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Posted in High Net Worth, Market Watch, Uncategorized

As borrowing drops in July, is this the start of Brexit blues?

It’s now nearly three months from the shock result of UK to leave the EU. We’ve been told that “Brexit means Brexit”, but for the time being, nobody seems to know exactly what will happen next – politically or economically.

In terms of property, such uncertainty breeds uncertainty – and borrowing has dropped considerably. According to data from the Council of Mortgage Lenders, total borrowing by house owners was £10.6 billion in July 2016 – down 13% compared to the previous month and a 12%.drop compared to the previous year. At 58,100, the total number of loans taken out by homeowners was also down 14% month on month and 13% year on year. First-time buying also took a hit – down 19% month on month and 6% lower than June 2015.

So should we be worried about a slowdown? A drop in borrowing can suggest a cooling off in the market, but there may be factors other than the referendum result at play here.

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Posted in Market Watch, Mortgages, Remortgaging, Uncategorized