23 September 2021

Do you know your home’s true worth?

Most people have a rough estimate in their head of how much they  could sell their home for if they ever decided to move – but how accurate is it? In a survey1, nearly half (45%) of homeowners undervalued their property by £46,305 on average, while 25% overestimated by an average of £44,313, with under […]

15 September 2021

Rising inheritances and deficit may hasten IHT change

In 2018, Chancellor Philip Hammond asked the Office of Tax Simplification to review Inheritance Tax1. However, subsequent events have meant that the tax regime for transfers of wealth between generations has not been revised, though Mr Hammond’s next-but-one successor Rishi Sunak could yet dust-off two OTS reports2. A big deficit caused by the pandemic points […]

9 September 2021

Equity release availability hits record high

The number of equity release products on the market is the highest it has ever been, with rates over two percentage points lower than five years ago. Data1 shows that the number of equity release products now exceeds 500 – the highest on record. The analysis also reveals that the maximum available LTV has remained […]

9 September 2021

‘Secret accounts’ slow the probate process

According to the first Bereavement Index from probate software specialist Exizent1, many people fail to put their financial affairs in order before they die, leaving behind a ‘financial mess’ and a stressful experience for those tasked with administering their estate. The Index revealed that one in seven (14%) of those tasked with gathering the assets […]

9 September 2021

Taking the emotion (and colour!) out of investment decisions

The psychology of investing is fascinating. There are so many behavioural traps that investors may find themselves falling into as markets fluctuate and knee jerk reactions take hold. The anchoring trap is a prime example, where investors over rely on their perceptions of an investment which may be totally incorrect, rather than being flexible in […]

26 August 2021

Social media and the younger investor

The Financial Conduct Authority (FCA) is concerned about the influence social media is having on younger investors, who it believes are taking on significant financial risks. This younger, more diverse group of investors, it said, is highly reliant on social media platforms such as YouTube, Instagram and TikTok for investment tips and advice, but lacks […]

26 August 2021

Retirees tempted by ‘risky’ investments

A new study conducted by the Financial Services Compensation Scheme (FSCS) suggests the UK’s prolonged low interest environment is encouraging retirees to consider riskier pensions and investment products, which could ultimately result in them losing significant sums of money. Taking a risk The FSCS poll of 2,000 retirees aged 55 to 75, found that one […]

25 August 2021

Keeping up with the Joneses? – your personal goals matter more

Did the way some people tend to crave and display material success all start with yuppies and Harry Enfield’s ‘Loadsamoney’ character in the 1980s? No, it goes back much further, to 1913, when a New York Globe comic strip ‘Keeping Up With the Joneses’ first appeared and created an enduring, meaningful expression. Envy about others’ […]

17 August 2021

Mortgage myth-busting

When it comes to taking out a mortgage, there are lots of myths flying about – especially when it comes to that all-important deposit.  We’re here to bust those mortgage myths and help you onto the property ladder. You need a huge deposit to get a mortgage There’s a prevailing belief that you need a […]

17 August 2021

Stay one step ahead

Nearly a third of homeowners (31%) would only consider purchasing protection insurance if they fell ill1 – too late to support them financially if they couldn’t work. Other triggers for taking out protection cover include a change in employment status (25%) or having an accident (24%), while 22% say there is no circumstance that would […]