Property Market Review June 2017

Posted by siteadmin on Friday 30th of June 2017

Our monthly property market review is intended to provide background to recent developments in property markets as well as to give an indication of how some key issues could impact in the future.

We are not responsible or authorised to provide advice on investment decisions concerning property, only for the provision of mortgage advice. We hope you will find this review to be of interest.

Capital values increase across the UK

The latest monthly report from CBRE, the commercial property and real estate services adviser, shows that, despite...


UK Inflation Rises to 2.9%

Posted by siteadmin on Friday 30th of June 2017

In its latest data release, the ONS disclosed that the UK’s Consumer Prices Index (CPI) rose in May to 2.9% for the year, an increase from the previous level of 2.7%.

The wider Consumer Prices Index including owner occupiers’ housing costs (CPIH) which is not a national statistic, rose to 2.7% for the 12-month period to May 2017, its highest level seen since April 2012. This also represents a marginal increase from the previous figure of 2.6% in April 2017 and reinforces the continuing upward march of inflation.

Some of the major contribut...


Survey Shows UK Business Confidence Remains Bullish

Posted by siteadmin on Friday 30th of June 2017

In its latest release, the Lloyds Bank ‘Business in Britain’ report indicates that the confidence index increased to 24%, double the figure recorded immediately following the UK’s Brexit referendum in June last year. The confidence index measures businesses’ expected sales and orders, and importantly, profits looking forward. It canvassed 1,500 UK companies in May, following the announcement of the general election.

Given that the average for the confidence index during the 25 years of its existence is 23%, the latest findings are an encour...


Markets

Posted by siteadmin on Friday 30th of June 2017

(DATA COMPILED BY THE OUTSOURCED MARKETING DEPARTMENT)

As the first half of the year drew to a close, losses on the last day of June meant the FTSE 100 experienced its heaviest monthly loss since September 2015. The blue-chip index closed the month down 2.75% at 7,312.72 points. The index’s heavy weighting toward resources hindered progress in June. However, earlier in the month, the index hit a closing high of 7,527.33 the day after the election (9 June), while sterling fell.

The FTSE 250 finished the month down 3.16% at 19,340.15. The mo...


Country’s Budget Deficit Falls in May

Posted by siteadmin on Friday 30th of June 2017

The perennial deliberation around the UK’s budget deficit (the net difference between the country’s overall income and expenditure) continued in June as the Office for National Statistics (ONS) reported that it stood at £6.7bn in May – an improvement of £300 million compared with the same month last year.

On a wider scale, the financial year-to-date now shows borrowing of £16.1bn, which is the lowest figure recorded since the same period in 2008, before the recession. Since then, the country’s various governments have been struggling with t...


The General Election 2017 – What it could mean for you and your money

Posted by siteadmin on Friday 26th of May 2017

When Theresa May surprised us all by calling a general election, she gave her reason for doing
so as a desire to get a strong mandate from the British people to enable her to negotiate the best possible Brexit terms in her dealings with her European counterparts.

Any election brings the opportunity for voters to review the competing proposals made by each party across a whole range of major issues and this one is proving to be no exception. As the country prepares to go to the polls on 8 June, we review the main topics and what they may mean...


Reserving Your Next Mortgage Interest Rate

Posted by siteadmin on Monday 22nd of May 2017

Nobody wants to pay more interest than they have to on their mortgage. Most people who signed up to a two-year fixed rate mortgage 18 months ago should have the opportunity to:

  • take advantage of the Bank of England’s all-time low interest rate
  • reduce monthly outgoings
  • reserve a mortgage with a lower interest rate for up to six months
  • fix your interest at a lower rate than might be available next autumn.

If you call us to arrange an appointment with one of our mortgage advisers to review your mortgage, they’ll search more than 11,00...


A Financial Check List for the Bereaved

Posted by siteadmin on Monday 22nd of May 2017

We work hard to maintain lifelong relationships with our clients and, as a result, often get to know their loved ones. Naturally, this means we also stand with them at the end of life too: we do everything we can to provide practical support.

Download our financial check list for the bereaved here

Having sat with so many widows, widowers and their family members at this distressing time, we realised there was a need for a resource for bereaved people to remind them what needs to be done after a death. We therefore created a financial check...


Financial Planning for Contractors

Posted by siteadmin on Monday 22nd of May 2017

Comparing employee packages with the reality of contracting is usually a lacklustre experience. In a quest to overcome this, we’ve come up with a variety of elements which together could be equivalent to the financial bundles often enjoyed by employees of large companies. You could potentially have:

  • sick pay
  • financial protection from debilitating illness, injury and death in service
  • good retirement arrangements
  • more reasonable mortgage terms.

Scottsdale MoneyWISE has tax-efficiently provided contractors with some or all of these ben...


A Glimpse of the Future

Posted by siteadmin on Monday 22nd of May 2017

The value of pensions and investments and the income they produce can go down as well as up and you may not get back as much as you put in.

The pendulous swings between markets are set to continue, at least in the short term. Recent movements saw oil and gold rise as stock markets fell. If you’ve invested too heavily in a losing sector, you might want to hold your nerve: however, making your portfolio more balanced creates a safer harbour for your investments. Of course, we’re always on hand to advise you in this area.

Also, remember the e...


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