A report from UK Savings Week shows that having a savings habit improves wellbeing.
Savers on the lowest incomes were found to benefit the most from regularly putting money aside, with 53% of this group reporting that they are satisfied with their life. However, only 40% of low-income non-savers could say the same1.
Did you know that 46% of aspiring first-time buyers would consider buying a home with a friend or sibling to help them get onto the property ladder?1
Property market trends in 2024
As we approach the new year, Zoopla has highlighted trends in the UK property market in 2024.
Robust demand for Scottish hotels
The Scottish hotels market continued to show resilience in Q3 according to Colliers.
The UK buy-to-let (BTL) market has seen notable changes recently.
The number of new BTL mortgages granted has decreased sharply. This decline is largely due to higher interest rates and stricter taxation measures, which have served to cool investor enthusiasm.
If you want your investment portfolio to strike a good balance between risk and return, it’s worth knowing how correlation can impact your investments.
Recently released research1 suggests a significant proportion of working age people are no longer planning a traditional ‘hard stop’ retirement, with 45 to 54-year-olds most likely to feel they will continue working beyond pensionable age.
Research has found that 28% of young UK homeowners do not have life insurance1.
It is estimated that 1.7 million adults aged 18-40 do not have appropriate cover in place, despite having a mortgage. This oversight puts their dependants in a precarious financial position in the event of their death.
Are you confident you have all the relevant cover in place to protect your finances? Having a financial plan should go hand-in-hand with a conversation about insurance.
Over one million individuals have entered self-employment since 20201, so it is important to ensure you are still planning for retirement by making regular pension contributions.
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