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Viewing entries posted in 2018

UK house prices falling says Halifax

Posted by MMB Finance Swindon and Gloucester on 9 January 2018

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UK house prices fell unexpectedly in December, their first fall in six months, according to Halifax. The average price of a home fell by 0.6% to £225,021 in December, the mortgage lender said. The annual growth rate declined to 2.7% in the three months to December from 3.9% in the previous three months.

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Confirmation of extension of mandatory HMO licensing

Posted by MMB Finance Swindon and Gloucester on 8 January 2018

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Over two years since the Government first consulted on the issue, Housing Minister Alok Sharma has now announced that the scope of mandatory HMO licensing will soon be extended. Following a technical discussion paper in November 2015, and a full consultation in October 2016, the Government has announced that it will soon be seeking Parliament’s approval on regulations to implement the following proposals.

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£300,000 pension needed to lifestyle in retirement

Posted by MMB Finance Swindon and Gloucester on 7 January 2018

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Pension savers on average earnings face needing to build a pot of more than £300,000 typically to buy a retirement income big enough to maintain their current lifestyle, analysis suggests. The findings from Aegon assumed that people on an average annual salary of around £27,000 should be targeting an income equivalent to two-thirds (67%) of their working age income – £18,000 a year or £1,500 a month.

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First-time buyer confidence boosted by stamp duty cut

Posted by MMB Finance Swindon and Gloucester on 5 January 2018

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58% of millennials currently saving for a house deposit are more confident about achieving their goal following the Chancellor’s stamp duty changes, according to research. Around one in seven (17%) of this age group are "much more confident" following the announcement in November's budget. However the research also found that despite a strong awareness of the Lifetime ISA, with three quarters (75%) having heard of it, take-up sits at just 11% of those eligible.

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First-timers face paying nearly 50% more than other buyers for UK homes

Posted by MMB Finance Swindon and Gloucester on 1 January 2018

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First-time buyers could pay nearly 50% more than existing home owners for their property because typically they are spreading their mortgage repayments for longer periods of over 35 years.

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