Money Management Forums

Personal Finance Forum

Personal Finance Tips

Savings, mortgages, loans, credit cards, investment and insurance news and advice.   Our financial advice forum provides a finance discussion forum and ideas for money saving forum in UK.   Learn from money management experts and people in similar positive to you in life or business.

Ask personal finance questions and get answers from personal finance experts.

Better Investing Saving Protection and Personal Financial Management

Access free financial management tips to budget, save, and invest in your future.   Free expert advice on all aspects of personal finance.   Read articles on the latest personal finance news, expert advice and information on money, pensions, mortgages, property, investments and more.

Investing News Headlines, Risk Analysis, Debate and Discussion

Get latest personal finance news, help, tips, advice and money guidance on all aspects of personal finance including savings, personal protection, debt, loans, mortgages for working life and retirement life.

8th February 2018 – Share Price Drop Was Just A Correction Not A Collapse

The dramatic, “biggest ever” one day falls in share valuations at the start of this week, was simply a realisation buy investors and their advisers that the global economy is going to boom this year.

Why is good news about the global economy hitting share valuations around the world?   Much of the global reaction is preceded by share price falls in USA.   The reason share prices dropped off a cliff in one day is that investors in USA stock markets realised at last that the USA economy is going to boom this year.

To stop the USA economy overheating the Fed is going to have to either push up interest rates faster each time it raises interest rates or increase interest rates in USA more frequently than the 3 times predicted by many economists for 2018.

Interest rates have to rise to try to stop or reduce inflation.   When interest rates rise, people are less likely to borrow to spend and are more inclined to think saving for the future looks like a good idea.

Global interest rates have been artificially kept low by central banks around the world trying to stop the collapse of civilisation following the financial crisis that started in 2007-08.   They have succeeded in saving humanity, but the interest rates have not been lifted to reflect the recovery.   They will be lifted in many parts of the world in 2018 including UK and USA.

QE will reduce around the world too.   Money will not be as cheap at the end of 2018 as it was at the start of 2018 in many parts of the world.   That is particularly true of USA.   Interest rate rises make it more expensive for corporates to borrow to invest and puts company earnings under pressure – hence the reason that share prices dropped in value.   However, this is just a correction in the mind of investors and is actually a good news story.

If you kept drip-feeding into the stock market throughout this week you will have smoothed out the lows and started to gain value again.

If banks can avoid collapse over the next few months, Italy and China for example, then the world banking system will actually benefit from increasing interest rates and if the banks are stronger, the whole world will begin to move away from the cliff edge and civilisation can once again breath more easily.

19th August 2017 – Have You Lost Track Of Your Pension Entitlements

Working all your life rarely involves sticking to one job, one employer. What happens when you near retirement and you have no idea where all your pension pots are? In future there will be an easier way to track down your retirement money – Pensions Dashboard.

In future, when you retire in the UK, more of your pension pots will be found in one place set up by the Association British Insurers ABI including your state pension provided by the government in retirement and many, hopefully all, your pension schemes you contributed to over your entire working life. This will enable you to find out your retirement income in an instant.

However the retirement planning tool will not be live until at least 2019 and may only have 50% of all pension schemes, but will still be better than what we’ve got now. People will view all their pension pots quickly and easily in one place online. It will fundamentally change how people in the UK will access their pension information.

Take control of your retirement finances.

2nd June 2017 – FTSE Hit Record High

The UK FTSE 100 is loving economic life at the moment reaching its highest point ever based on lots of positive economic news.

Britain’s FTSE hit a record high of 7,585 points.   America is creating jobs as easy as butter off a hot knife and the USA’s manufacturing sector is booming.

Mortgages and Housing UK News Headlines, Risk Analysis, Debate and Discussion

1st March 2018 – UK Mortgage Approvals Biggest Rise In Since April 2015

The Bank of England reported a massive jump in mortgage approval figures for house purchases in January 2018.   It was the biggest jump since April 2015 and was the highest number of mortgage approvals for house purchase since July 2017.

Nationwide, the biggest building society in UK, says UK house prices are still rising but at a slower rate of 2.2 percent year-on-year.

26th February 2018 – UK Mortgage Approvals Rise

The number of mortgages approved increased in January.

13th February 2018 – Average House Price Increase By 5.2 Percent In December

According to the UK Land Registry and Office for National Statistics ONS, UK house prices were rising at 5.2 percent in December up from 5 percent in November.

8th February 2018 – Another Respected Source Confirms UK House Prices Still Rising

The Royal Institution Of Chartered Surveyors RICS confirmed that UK house prices are still rising at between 2-3 percent despite misreporting that house prices in UK are falling.

The annual growth in house prices is not has fast as recent years, but on average UK house prices are still rising.

8th February 2018 – UK Home Owner Repossessions At 36-Year Low

The number of UK home-owner’s properties being repossessed fell to 36-year low in 2017.   Overall mortgage arrears have also reduced.

UK interest rates are set to rise again so getting a new mortgage should rise to the top of your To Do List.

7th February 20018 – British Annual House Price Growth 2.2 Percent In January 2018

Halifax Bank says UK house price growth has slowed, but UK home prices are still rising at 2.2 percent at the beginning of 2018.

UK house prices are expected to continue to rise throughout 2018 though perhaps at a slower rate than the at the beginning of 2018.  2 percent is a commonly thought of rate of house price growth by the end of 2018.

1st February 2018 – Annual UK House Price Growth Increase In January

According to Nationwide building society, the annual rate of house price growth increased in January.   It would appear to be driven by home buyers flooding back into the house market in the crucially indicative month of January.   January is an important month to gauge which way house prices will go early in the calendar year.

Nationwide says UK house prices rose 3.2 percent year-on-year.   This is an acceleration of house price rises from the end of 2017 and suggests that the start of 2018 will see a further firming of house prices in UK.

Much of the house price increase is down to many new buyers returning to the UK housing market, whilst homes on the market have remained at historic lows.   High demand for a home with low supply of homes means house prices in UK will continue to rise not collapse has many predicted.

1st June 2017 – UK House Prices Still Rising

According to Nationwide building society, UK house prices are still rising at an annualised rate of 2.1%.   Many reports in the media and many economic experts seem to think this is a disaster, but is it?

Whilst UK house prices are rising at a lower rate than recent years, this is not a bad thing for the UK housing market.   Buying a home is already unaffordable for many people.   Wages are rising at just over 2.0% so if house prices rise faster than that, then buying a house will become even less affordable.

Ok, so if you already own a house, you probably want this asset to rise in value, but they are still rising.   The bigger picture for the housing market is that a more restrained house price rise trend is not a bad thing.   Many predicted that UK house prices would fall off a cliff post-Brexit vote in June 2016, yet UK house prices have continued to increase since the Brexit vote.

The doom-mongers are perhaps disappointed that UK house prices haven’t fallen off a cliff, but most normal people should be happy with the return on investment in housing even over the last 18 months when compared to money in a bank account.

Unemployment in the UK fell to a 42-year low in the three months to March 2017.   UK exports are climbing rapidly.   Until recently, wages in UK were rising faster than inflation so standards of living in UK have been rising.   Inflation in UK is likely to hit 3.0% in 2017 and wages may catch up again if the skills shortage in the UK continues.

The UK consumer is very confident in the UK economy and if this confidence continues then house price rises will soon recover and buying a house will become even less affordable once again.   Will that please the doom-mongers! Personal Finance Forum

Better Business Protection Faster Growth