Your Finance Matters – July 2024

Your Finance Matters – July 2024

Savvy Wealth Management Limited trading as Savvy is registered in England and Wales no. 7700192. Registered office, 1 Parc Bryn Derwen, Llanharan, CF72 9TT. Authorised and regulated by the Financial Conduct Authority. Savvy Wealth Management Limited is entered on the...

Residential Property Review

Residential Property Review

The property market continues to find its feet after a difficult 2023, with buyers remaining cautious due to the higher cost of borrowing.    Mortgage rates may not be as high as they were last summer, but they are still elevated. While most experts agree that Bank...

Commercial Property Review

Commercial Property Review

Data from Jones Lang LaSalle (JLL) shows that the central London office market had a slightly weaker start to the year. January to March saw the lowest quarterly leasing activity since Q1 2021, with 1.5m sq. ft transacted. This is nearly a third (31%) lower than the...

Buy-to-let landlords growing portfolios

Buy-to-let landlords growing portfolios

Looking at the next twelve months, 26% intend to acquire a single property, while another 26% plan to expand their portfolios further by acquiring multiple properties. This optimistic outlook may be fuelled by confidence in the residential property market, with 74%...

IHT receipts at record levels

IHT receipts at record levels

Record sums In the first ten months of the 2023/24 financial year, HMRC collected £6.3bn in death duty receipts, £0.4bn more than during the same period of the previous fiscal year. This represents a 7% rise and suggests this year’s annual figure will comfortably...

Home Finance

Home Finance

Average property gain of over £100k An overwhelming majority of households (93%) sold their homes for more than their initial purchase price, according to recent research2. People who bought properties within the last two decades saw an average increase of £102,650...

Planning children’s financial futures

Planning children’s financial futures

It sounds simple, but such thoughts also bring with them a number of questions:  What are you saving for?  How much flexibility do you need?  Which investments are appropriate?  How much control do you want over when they can access the money?  How can any tax be...

Lost Accounts

Lost Accounts

You can check for free if you have any forgotten savings or current accounts at the government-backed website www.mylostaccount.org.uk, making sure to check that the service is suitable for you. Future generations prioritised According to research2, parents and...

Economic Review

Economic Review

Official statistics published last month showed the UK economy returned to growth in the first two months of 2024, while more recent survey data suggests the recovery from last year’s shallow recession continues to gather momentum. The latest gross domestic product...

More FTBs later in life

More FTBs later in life

Average age rises The biggest increase in FTBs in the last five years has been among older homebuyers, a new report1 has revealed. Analysis carried out using product sales data from the Financial Conduct Authority (FCA) found that five-year annual average growth rates...

Where next for the global economy?

Where next for the global economy?

Global growth upgraded In its first assessment of world economic prospects published this year, the IMF edged up its forecast for global economic growth with the improvement largely driven by inflation easing more quickly than previously anticipated. The international...

The cost of dying

The cost of dying

Research has found that a premature death can cost surviving family members an average of £195,475 over the course of ten years2. These estimates are based on the hypothetical basis that someone leaves behind a partner and two children. The figure fluctuates depending...

Savvy Wealth Management Limited trading as Savvy is registered in England and Wales no. 7700192. Registered office, 1 Parc Bryn Derwen, Llanharan, CF72 9TT.

Authorised and regulated by the Financial Conduct Authority. Savvy Wealth Management Limited is entered on the Financial Services

https://register.fca.org.uk/  
reference 562795