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Viewing entries posted in February 2015

A fifth of those planning to withdraw pension looking to invest in property

Posted by MMB Finance Swindon and Gloucester on 26 February 2015

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A new survey has revealed that over a third (38 per cent) of people over 50 are planning to take advantage of new pension freedoms coming into effect in April to access additional funds from their pension pot at 55.

The study, carried out by holiday letting specialist, found that of those who are planning to access their pensions, 20 per cent are looking to invest in property. Londoners form one of the largest groups keen to invest some of their pension pot in bricks and mortar. Nearly half (47 per cent) of those in the capital looking to withdraw their pension cite property investment among their plans.
 
Just under half (42 per cent) of those looking to access their pension from the age of 55 are looking to splash the cash on a holiday – potentially good news for those whose plans involve buying a holiday property to let. The holiday letting market could therefore be set for a boom with both more holiday homes and an increase in demand from the over 55s market.
 
With the average price of property in holiday hotspot Cornwall at £246,657 (according to Zoopla, February 2015) and average weekly holiday rental income of £918 per week in peak summer, property-purchasing pensioners could see a good return on their investment. Similarly, Devon holiday cottages booked last summer saw an average income of £901 per week, with an average house price of £254,134 in the county, showing that the right property could be a lucrative investment

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2015 will be 'ideal' for low fixed rates

Posted by MMB Finance Swindon and Gloucester on 24 February 2015

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Borrowers currently on a standard variable rate could find substantial savings available by remortgaging, as well as the chance to fix a rate over the longer term and protect against rate rises in the future.

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The UK Housing landscape – past and present

Posted by MMB Finance Swindon and Gloucester on 23 February 2015

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There has been some discussion of late across national media around home ownership falling to its lowest level in the UK for the past 30 years, with the number of private renters soaring.

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Two thirds benefit from Stamp Duty changes

Posted by MMB Finance Swindon and Gloucester on 23 February 2015

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The changes to Stamp Duty announced in the Autumn Statement may help stimulate housing market activity, according to data, with more than two thirds of buyers in England and Wales benefiting from the move.

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FCA to launch investment banking investigation

Posted by MMB Finance Swindon and Gloucester on 19 February 2015

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The Financial Conduct Authority today announced plans to launch its first wholesale market study into investment and corporate banking to assess whether competition in the sector is working properly.

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