Life Financial Solutions’ Post

Research suggests first-time buyers could currently be experiencing the most expensive conditions in 70 years, with 49% of prospective #FTBs postponing their plans over the last year. Read our article for more… https://lnkd.in/eNPU2SPw

When was the last time you reviewed your #protection cover? Research has found that people in their 30s and 40s are more likely to have inadequate insurance for their #mortgage. Read more here… https://lnkd.in/eXGVzstD

Last September, proposed regulations for all private rental properties to have a minimum #EPC rating of C were shelved, but research indicates that 37% of portfolio #landlords intend to improve the energy performance of their properties anyway. Read more… https://lnkd.in/eHdv6gQB

Our latest Economic Review covers: • Bank Rate – In early August, the Bank of England (BoE) sanctioned the first reduction in interest rates since March 2020 and economists expect a second cut to be announced before the end of this year • GDP – Second quarter gross domestic product (GDP) figures released last month by ONS showed the UK economy has continued its strong recovery from last year’s brief recession • Earnings – ONS figures released last month showed nominal pay is now rising at its slowest pace in almost two years – 5.4% in the April to June period • Latest retail statistics – Figures released last month by ONS showed that total retail sales volumes rose by 0.5% in July following June’s 0.9% decline. https://lnkd.in/eWy7Kgrz

Read the latest residential property news in our Residential Property Review – including the first cut in Bank Rate for more than four years, the Renters’ Rights Bill, and where homes sell fastest in the UK #housingmarket #BankRate #RentersRights https://lnkd.in/e9M_HMzV

Read the latest commercial property news in our Commercial Property Market Review. Including the latest RICS survey, a mixed picture in Scotland and leasing activity in London #commercialproperty https://lnkd.in/dVMPHrJa

Are you thinking of buying a #newbuild? The good news is there are more regulations than ever that protect buyers of newly built homes. It can be difficult to keep up with these changes, so here’s what you need to know… https://lnkd.in/ezGbQM4s

According to research, 81% of the UK’s wealthiest individuals are ‘stressed’ about their finances, suggesting financial #wellbeing is more than just having large sums of money - it's a state of feeling secure and in control of your finances https://lnkd.in/e6PvCwN8

:A couple of news snippets to keep you updated - demand for smaller homes is increasing as the ‘race for space’ reverses. Plus, #buyers are willing to pay more to be close to a town. Read more here… https://lnkd.in/denb_Wcg

Receiving bonuses at work is highly satisfying, but they are subject to #IncomeTax and #NationalInsurance Contributions. Have you considered paying some of your bonus into your pension? Read more... https://lnkd.in/egcz9D8d