It’s probably not a surprise that the housing market has slowed down over the course of the past year. The extent of the slowdown may, however, come as a surprise. HMRC recorded 55.1% fewer sales in June 2022 than in June 2021. Here is a quick look at the three main factors that may lie behind this and […]
Mortgages
Discussing downsizing
In principle, downsizing in retirement, after any children have flown the nest, is often the most financially sensible option for many people. As is so often the case in life, however, there can be a very wide gap between financial theory and real-world practice. Where people are under no financial pressure to downsize, the convenience […]
The Government’s Vision For The Housing Sector
Assuming the UK sticks to its standard election pattern, the current parliament is almost halfway through its term. This means politicians across the board will be starting to gear up to contest their seats. Boris Johnson’s current raft of housing-related proposals looks like an opening salvo in the Conservative’s electoral campaign. Here is a brief […]
Mortgage Affordability Becomes A Growing Concern
All things considered, it’s hardly a surprise that mortgage affordability is becoming a growing concern. Some of the factors behind it are largely outside the control of private individuals. Even so, there are still plenty of steps individuals can take to ensure that they get and manage the mortgage they need. Here are some points […]
Borrowing Is On The Rise
The early days of COVID19 were a time of saving, at least for some. The early days of post-COVID19, by contrast, are increasingly a time of borrowing. With that in mind, here are some tips on how to borrow astutely. Keep on top of your credit record If you need to borrow then you need […]
Goodbye Ground Rent
The concept of ground rent has been around since at least Roman times. It has always been a somewhat contentious topic. All that’s really varied is the level of contention. Scotland effectively put an end to it in 2004. In England and Wales, by contrast, its use (and abuse) has continued to grow. Now, however, […]