MARKET UPDATE: MIXED WEEK FOR EQUITIES AS TRADE TENSIONS SIMMER

Posted by PeterEdwards on Thursday 23rd of May 2019

LAST WEEK – KEY TAKEAWAYS

Trade: China raises tariffs on US goods
• US equities fell at the start of the week after China raised tariffs on an additional $60 billion worth of American
goods;
• US President Donald Trump’s optimistic tone in a series of tweets on Tuesday helped equities rebound, but
his decision to blacklist Chinse tech company Huawei weighed on markets at the end of the week.
• Omnis view: The markets also welcomed President Trump’s pledge to delay tariffs on car imports for six
months, although he was trying to avoid a confronta...


Market Update: Brexit Uncertainty Intensifies

Posted by stefanlubek on Thursday 4th of April 2019

Brexit: Uncertainty weighs on sterling 

• Sterling weakened against the US dollar on Wednesday after a series of ‘indicative votes’ failed to secure a majority for any of the alternatives to the Prime Minister’s withdrawal deal;
• Among the most popular proposals were a customs union and a referendum on the final deal;
• There was further bad news for sterling on Friday when Parliament rejected Mrs May’s deal for a third time- by a smaller margin than before- despite her offer to resign if it passed.

Markets: Concerns over global growth pu...


Tick tock, tick tock...the Lifetime ISA clock is ticking!

Posted by SarahWichelow on Wednesday 20th of March 2019

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The home buying process in a nutshell

Posted by SarahWichelow on Monday 25th of February 2019

The home buying process can be anything but smooth, and anything but quick! For first time buyers in particular, knowing what to expect when you embark on the journey of buying a home can be a great help. The below gives a high level overview of the home buying process in England.

1. Save, save and then save a little more!

This really is the first step towards buying your own home. You’ll need at least 5-10% of the property purchase price to put down as a deposit. Ultimately the bigger your deposit the better; you’ll have a smaller mortga...


Help To Buy ISA vs Lifetime ISA

Posted by PeterEdwards on Thursday 21st of February 2019

The Government have released many schemes over the past 10 years which have the ultimate aim of helping First Time Buyers (FTB’s) onto the property ladder.  These range from shared ownership schemes to receiving interest free loans for the first 5 years to help with a deposit.  The biggest and most successful scheme, in my opinion, has been the Help To Buy ISA and its successor the Lifetime ISA, with 1.2 million being opened as of August 2018.[1]

However, the biggest question people are finding is which one shall I take out as I cannot use ...


Standard Variable Rate

Posted by PeterEdwards on Monday 4th of February 2019

Today in 2019, there are thousands of people across the United Kingdom that are currently paying a Standard Variable Rate which could be due to a number of reasons including their product has expired and haven’t found find time to change deals. 

With the average Standard Variable Rate being 4.9%, the average 2-year fixed rate deal 2.51% and five-year fix rate deal 2.92% in December 2018[1], this means that around 3.5 million people are paying an extra 2.39% or 1.98%. 

To put this numerically, for an outstanding mortgage amount of £200,000 ...


Benefits of a Mortgage Broker

Posted by SarahWichelow on Tuesday 22nd of January 2019

Purchasing a property is likely to be one of the biggest financial decisions someone will ever make. No matter how many properties you’ve bought in the past, the world of mortgages can feel like a minefield…

Where can I find a lender? What type of rate is best for me? What rate can I get? What can I afford? How do I apply? How can I know I fit the lender criteria? How long does it take? What if there’s a problem with my application?

And the list goes on! As Mortgage Advisers, it is our job to know the answers to these questions and to guid...


Being a First Time Buyer in today's property market

Posted by PeterEdwards on Monday 7th of January 2019

Being a first-time buyer in today’s property market is not as easy as it was 30 years ago, with millennials at age 30 being 50% less likely to own a home than baby boomers at the same age[1].  There are a range of issues that first-time buyers face and whilst government regulation has tried to address these, the problems are ultimately far greater than any legislation could change overnight.

Income Multiples

From the perspective of a mortgage adviser, the affordability for mortgages isn’t as bad as what individuals imagine it to be.  With ...


Market update: Trade war pauses and Fed hints at slower monetary tightening.

Posted by stefanlubek on Monday 3rd of December 2018

LAST WEEK – KEY TAKEAWAYS


MONETARY POLICY: FED CHANGES TONE

• US equities rallied as Federal Reserve chairman Jay Powell said interest rates are approaching the neutral rate- the level that neither boosts or slows economic growth- and insisted ‘there is no pre-set policy path’; 
• The previous month Powell talked about rates probably being a ‘long way’ from neutral. 
• Omnis view: Powell’s comments suggest the Fed may slow the pace of monetary tightening in 2019, although a rate hike remains likely at its December meeting.

GLOBAL TRADE: T...


Six years on from Automatic Enrolment

Posted by stefanlubek on Friday 30th of November 2018

Six years on from the launch of Automatic Enrolment in workplace pensions figures show there are close to 10million UK workers saving for retirement. But a recent Office for National Statistics (ONS) survey revealed 13% of people believe they don’t know enough about pensions to save into one. So, do you know if you are saving in to a workplace pension, how much you are saving or how much you need to save?

The ONS survey reveals 91% of eligible employees are now contributing to a pension but only 63% have realised they are doing so. If you a...


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