Newsletter January 2020
Fixed-rate mortgage prices and product fees in year-on-year fall
A fixed-rate war between mortgage lenders is driving prices for decade-long products to enticing lows, Moneyfacts has said.
At the start of last month, homeowners could take advantage of 62 ten-year fixed-rate mortgages on the market.
We at Herts & Essex Financial Services can help with your mortgage planning.http://www.handefs.co.uk/our-services/mortgages
Help-to-buy ISA closure opens the door for surge in lifetime ISAs
First-time buyers have just the one government-backed scheme to help them save for a deposit to secure their first mortgage.
The lifetime ISA enables under-40s to open an account and save up to £4,000 a year towards buying a home or retirement.
Speak to us about saving for a first home.
Political stability could provide opportunities for growth
The new government’s majority could provide investors with opportunities for growth early this year.
For the first time since 2001, the government has a big majority and clear mandate shortly after the economy ground to a halt.
Talk to us at Herts & Essex Financial Services about your investment portfolio. http://www.handefs.co.uk/our-services/investments-and-nisas
Savers who took expert advice are £47,000 better off over ten years
Savers who received financial advice in the early 2000s are considerably wealthier a decade later, according to research.
Those who took advice between 2001 and 2006 boosted their pension wealth by £31,000, and also benefited from a £16,000 uplift in other aspects of their affluence.
The claim comes from a joint study by Royal London and the International Longevity Centre, which compared those figures with ones from 2014 to 2016.
Get in touch for expert financial advice. http://www.handefs.co.uk
source: PracticeWeb January 2020