It is never a good time to reduce your money available to spend but for regular saving I would make an exception. Your financial health will be better in the future and the effect of savings is less stress when you have an emergency fund. Reasons for Regular Savings Create funds for a long term [...]
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Solar Power Roof Renting Risks
It is an old saying but ‘If it is too good to be true it usually is!’ Homeowners are looking to minimise the cost of fuel and some are leasing the roof space to host solar panels. Encouraged by the connected industries and state subsidies renting roof space looks attractive. Mixing our metaphors ‘look the [...]
New Equity Release -Who is Doing the Driving?
Down Sizing is the New Equity Release It is well known that the baby boomer generation and their predecessors own a large part of the housing market. Not all this property is utilised to its full economic potential. Half of all properties owned by single pensioners have three spare bedrooms or more. An Intergenerational Foundation [...]
Five Steps to Buying Your Home
1. There are many reasons for buying your own home. Make sure you have thought through your own needs and reasoning. Not wanting to waste money on renting. Wanting to be on the property ladder for capital growth. Needing more space. Wanting to reduce the cost of housing. 2. Make sure you can manage the [...]
New Homes Built in UK
Statistics on the number of new homes built in the UK are produced by the ONS. Since the credit crunch of 2008, the number of homes built has fallen well below the level necessary to meet expected rising demand. Source: ONS The number of new houses built in the UK in 2010/11 was only 106,000. [...]
Top 10 Reasons for Life Assurance
Insurance is a form of cover for an event that may not happen. As you are bound to die at some stage (subject to cryogenics) you can’t insure your life but you can take out Life Assurance. You are assuredly going to die and taxes are pretty assured too. Ten Reasons for Life Assurance Life [...]
Students Money Saving Tips
It costs to get older and leaving home to be a student can be an expensive time. There are lots of tip websites to help and sell you a product at the same time. Applied commonsense and frugal living are the two major planks of a strategy. Commonsense Savings Prepare in advance and take [...]
What Causes House Prices to Rise and Fall?
A look at the main factors that cause house prices to rise and fall, and why UK house prices tend to be quite volatile. In the UK, the supply of housing is fairly inelastic; this means it is unresponsive to changing prices. The number of houses being built is relatively low, therefore, supply increases only [...]
Where is the Next Housing Boom
Is there a new housing boom near you? Will there be a housing boom in your area? What factors drive a localised boom either for new build or to generate above average prices. Environmental issues and a countryside feel affect local prices. Improved access to water such as canal-sides or seascape views have still [...]
Repayment of Mortgages
The housing market is very cyclical. It is not just prices that can be volatile, but also equity withdrawal and debt repayment. In the boom years, property owners were taking £50bn of equity withdrawal every year. Mortgage equity withdrawal was adding nearly 9% of consumers spending power. Mortgage equity withdrawal involved re-mortgaging house to gain [...]
