-
Financial resilience remains a challenge
Updated by Advisory Financial Services on Wednesday, April 26, 2023One in five workers would rely on their partner’s income or savings if they were unable to work, according to a recent report1 that paints a worrying picture of the nation’s financial resilience.
More than one in 10, meanwhile, would resort to taking on debt to cope, with one in four working adults…
-
What’s happening with housing? (1)
Updated by Advisory Financial Services on Wednesday, April 12, 2023Rising rates dominated the news around housing and mortgage markets throughout 2022, setting the tone for an expected market downturn in 2023. After the latest Bank Rate rise in February increased repayments for those on variable rates, how will the mortgage and housing markets react?
Up and down
… -
What’s happening with housing?
Updated by Advisory Financial Services on Wednesday, April 12, 2023Rising rates dominated the news around housing and mortgage markets throughout 2022, setting the tone for an expected market downturn in 2023. After the latest Bank Rate rise in February increased repayments for those on variable rates, how will the mortgage and housing markets react?
Up and down
… -
Bank of England raises interest rates for 11th time to 4.25%
Updated by Advisory Financial Services on Thursday, March 23, 2023The Bank of England's Monetary Policy Committee has voted 7-2 to increase Bank Rate by 0.25% to 4.25%. The decision to lift rates for the 11th time in a row comes after figures showed the cost of living rising by more than expected. Inflation jumped to 10.4% in the year to February, despite predicti…
-
Possibilities abound for FTBs in 2023
Updated by Advisory Financial Services on Thursday, March 9, 2023It’s fair to say that there’s a lot of gloom around the housing market right now. But 2023 could provide ideal opportunities for first-time buyers (FTBs) to get on the housing ladder.
Buyers’ market
Most experts are predicting significant price falls in 2023, which would be the first time that hou…