If Labour confounds the latest poll from YouGov and is able to form a government, then I will be due for a windfall of £12,833 over five years – that’s £2,566 a year.
Since February 2019, UK house prices have fallen slightly – by just 0.2% – which makes the average property in the UK £226,798.
In England, on average, house prices have fallen by 0.5% since February 2019. The annual price rise of 1.1% takes the average property value to £243,128.
House prices have increased at their slowest rate since March 2013 at just 1.5% higher than last year, according to latest figures from Halifax.
Property prices slowed from 2.5% annual growth in September to 1.5% in October, with the average house price now standing at £227,869.However, on a monthly basis, property prices went up slightly – by 0.7% – in October.
This mirrors Nationwide's house price index earier this week, which also revealed a five-year low as the squeeze on household budgets and Brexit uncertainty continue.
Robert Gardner, Nationwide's chief economist, says that annual house price growth has been confined to a fairly narrow range of between 2 per cent and 3 per cent over the past 12 months, which suggests 'little change in the balance between demand and supply in the market'.
Parents aged 55-plus desperately need financial guidance and tax incentives to help kids, according to new research from equity release adviser Key.
More than three quarters (78 per cent) would welcome tax incentives for gifting to their children for major life events, such as university fees, buying their first home or to clear debt.
Think tank the Adam Smith Institute (ASI) suggests that there is a ‘scandal brewing’ in the UK’s equity release sector, arguing that the Prudential Regulation Authority (PRA), the industry regulator, has known for years that companies’ valuation methods are inadequate but ‘only made half-hearted efforts’ to address the under-valuation problem.
More than two-thirds of Brits think a wealth tax that pays towards the cost of social care should be introduced, a new poll has revealed.
Investors using so-called ‘fund supermarkets’ are finding that there is a good level of competition within this market, according to the interim findings of the Financial Conduct Authority’s (FCA) investment platforms market study.
The government is planning to change the rules on its Rent A Room scheme, which allows people to earn up to £7,500 a year tax-free from letting out a spare room, following the outcome of a call for evidence on whether the current system is working.
The property portal reports that £1 million-plus homeowners in Cambridge are, on average, selling their homes in just 45 days while property owners in Edinburgh and Harpenden in Hertfordshire, are also witnessing quick sales, typically taking just 53 days to sell. Bristol is also popular with buyers, who are snapping up homes in just 54 days.
Other towns in the top 10 fastest selling list are: Brixton in south London, Hackney in east London, Golders Green in north London, St Albans, Winchester, and Woking.