Spring is very much a season of hope; a time to look forward and plan. While that’s not always easy amid a flurry of headlines concerning the cost-of-living and immense global political tensions, it’s important to look beyond short-term bouts of market volatility and ensure your financial objectives remain firmly aligned to your life goals …
Author archives: servicedemoevolvesites
Economic Review March 2022
Bank Rate raised again Last month, the Bank of England (BoE) sanctioned a further increase in its benchmark interest rate as inflation continues to surge significantly ahead of the Bank’s target level. Following a meeting held in mid-March, the BoE’s nine-member Monetary Policy Committee (MPC) voted by an 8-1 majority to raise Bank Rate from …
Home insurance – the finer detail – can you read the T&Cs?
Do you check the details of your home insurance policy? If you don’t, you’re certainly not alone because a fifth of adults in the UK don’t either, potentially leaving them with insufficient or the wrong type of cover. Interestingly, just under a quarter (24%) of respondents to a recent survey1 said that the T&Cs were …
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Residential Property Review – March 2022
Sales up as demand stays strong 2022 has picked up where 2021 left off, with near-record demand leading to the busiest January and February since 2016, according to Zoopla. Sales agreed in February were 31% above the 2017-19 average for the month, according to TwentyCi, matching levels last seen at the start of 2021. Meanwhile, …
Commercial Property Market Review – March 2022
Prime space snapped up by legal firms More than one million sq. ft of Grade A office space was taken up by the legal sector in 2021, highlighting the importance of the ‘best’ space in the post-pandemic landscape. London’s resilient legal sector has enjoyed strong revenue and increased headcount over the last year, which has …
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Spring Forecast Statement 2022
Getting a mortgage in retirement
These days, it’s not uncommon for people to become homeowners later in life. But can you get a mortgage even if you’re retired? If so, what’s the maximum age? First things first: we’re not going to pretend that getting a mortgage past the age of 55 is easy. For a start, it is more difficult …
Protect your retirement from the risk of mental decline
Retirement – that magical time when we can finally live our lifelong dreams. Increased life expectancy means that many of us can now expect a longer retirement, but this comes at a cost: the increasing prevalence of age-related cognitive decline, which could leave us vulnerable to costly financial errors. According to the Alzheimer’s Society1, there …
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Lifetime renters pay over £330k more
While getting on the housing ladder is becoming increasingly difficult, doing so could leave you richer to the tune of nearly £330,000. Research from the Equity Release Council (ERC)1 has found that today’s homebuyers could save hundreds of thousands of pounds – £326,214, to be exact – over a period of 30 years compared to …
Rise of the ‘Late Financial Bloomers’
Research1 suggests a new group of consumers – Late Financial Bloomers – are set to change the face of retirement. Marriage and divorce A series of socioeconomic factors, including later home ownership, are the main drivers behind this shift. Marriage and divorce trends are also key contributors: on average, first marriages now take place four …
