How long would your savings last?
A recent survey has found that the typical working person in the UK has around a month’s worth of savings to be able to maintain their current lifestyle should their income stop without warning. The data collected from 2,000 people found that the average person’s savings would support them for 32 days. More worryingly, 26% of those who responded said their savings would only last a week or less.…
What is the state of the mortgage market after a year of Covid?
Like all markets, the mortgage market has not avoided the impact of coronavirus. A year after the start of the pandemic let’s take a look at what we can learn from the last twelve months and what can be expected as we move forward. The availability and variety of mortgage products saw a fairly dramatic decrease throughout 2020. Many lenders withdrew deals from the market when the first impacts…
How much should you really be saving for retirement?
Retirement should be the time in your life where you’re able to relax and enjoy the fruits of your labour throughout your working life. However, simply paying into your savings or a pension for when you retire might not allow you to do this if you’re not putting enough away. But what does “enough” look like? Here are a few questions to consider to help you get started. How…
