First Time Savers

The news is always full of stats about first-time buyers: in 2016 there were an estimated 335,750 first-time buyers – the highest figure since 359,900 in 2007 the average first-time deposit has more than doubled since 2007 to more than £32,000 • the average...

Are your contents underinsured?

When it comes to insuring your home and contents, many people take out far less cover than they need, risking potential upset when it comes to making a claim. The average UK home contains around £55,000 worth of possessions, but an average insurance policy covers just...

Jargon Busters

Assets: anything an individual, company or fund owns which has economic (tradable) value. Asset classes: Groups of securities or investments with similar characteristics that behave in a similar fashion and are subject to the same laws and regulations. The most common...

JAM’s

Two thirds of working households in the UK consider themselves to be ‘just about managing’ financially, according to research. The Resolution Foundation, which researches the living standards of those on low to middle incomes, has identified six million Jams (as they...
The new £1m Inheritance Tax allowance

The new £1m Inheritance Tax allowance

In the wake of the 2015 General Election, the Conservative Party confirmed it would deliver on its Manifesto promise that parents could pass their property up to the value of £1m to their children free of Inheritance Tax, thanks to a new ‘family home allowance’. The...

Inflation: this time it’s personal

 Much is made about the impact of inflation on the ‘real’ value of your income and investments. That is, the impact inflation has on your ability to continue affording your lifestyle. The magic number The Bank of England Monetary Policy Framework has an inflation...

Tax changes impacting Buy to Let landlords

The way landlords can claim tax relief on their mortgage finance costs has changed. Up until 5 April 2017, landlords could deduct mortgage interest from their rental income before calculating how much tax they should pay. Now, however, tax relief on Buy to Let...

Why Your Pet Would Insure YOU

Millions of pet owners have purchased insurance in case of an expensive trip to the vet’s, but who will pick up the bill if something happens to you? Many pet owners will know the stress and financial burden caused by an expensive vet’s bill and have taken out pet...

The Downside of Downsizing

The decision to sell up and move to a smaller property could come as a result of children flying the nest, the need to free up cash, or both. Whatever the reason, there are costs to downsizing that are important to know about before you make the move.  The ‘hidden’...
Simple ways to cut your spending

Simple ways to cut your spending

Most of us would like to reduce our outgoings and put a bit more money away each month, so here are our tips to help cut out unnecessary spending. Write a budget Creating a monthly budget plan can seem like a hassle at first, but it is the most effective tool to track...