Rising Property Prices Keep ‘Children’ at Home for Longer
In news that might make alarming reading for some, research has predicted that rising property prices may lead to an increase in the number of adults aged 25-34 living with their parents. The analysis, which was conducted by Aviva Insurance, found that the number of adults in this age group living with parents has risen […]
Judge Gives Ruling on Millionaire Couple’s Divorce Settlement
A high court judge in London has recently given his decision in the long-running divorce dispute between millionaire couple Khoo Kay Peng and Pauline Chai, reports the Guardian. The couple had been married for 42 years, but their relationship eventually came to an end in 2012. Khoo is the non-executive chair of Laura Ashley, and […]
House Price Expectations Rise
New research has revealed that consumer expectations about house prices have bounced back to pre-EU Referendum levels. According to data from the Building Societies Association Property Tracker survey, almost half of consumers (49%) expect house prices to rise over the next 12 months, compared to just 10% who expect them to fall. However, as a […]
Couples Use Prenuptial Agreements to Cover Pet Custody Issues
New research from Direct Line Pet Insurance has revealed that as many as 28% of people would consider putting a prenuptial agreement in place to cover custody of their pets in the event that a relationship breaks down. A ‘pet-nuptial’ is a deed of agreement between the parties who set out clearly what will happen […]
Gender Differences in House Buying
Having a joint mortgage is a bigger commitment than marriage, according to 40% of British adults. New research by Zoopla also revealed that couples are together for an average of three years, three months and 12 days before they commit to buying a property together. The research found evidence of gender differences when it comes […]
Calls for Revolution in Retirement Housing
There could be a retirement housing gap of 160,000 houses by 2030 if more isn’t done to focus on last time buyers, according to new research by the International Longevity Centre – UK (ILC-UK). The think tank has called on the Government to ensure thousands of new retirement properties are built as a matter of […]
Study Highlights Problem of Family Instability
A new study has claimed that the UK has one of the highest rates of family instability in the developed world. According to pro-marriage think tank Marriage Foundation, the study shows that three in five (62%) British children born to unmarried parents who are living together experience family breakdown before they hit their teens. In […]
House Price Index Reveals Annual Price Rise
The average price of a property in Scotland in November 2016 was £143,033, according to the latest UK House Price Index. This is an increase of 3.3% on the previous year and an increase of 1.5% when compared to the previous month. Across the whole of the UK, the average house price was £217,928 in […]
Possibility of Divorce Affects Inheritance Planning
As many as one in three parents are apparently reluctant to leave an inheritance to their married children, because they fear the relationship will end in divorce and ultimately result in assets leaving the immediate family. The study, by Investec Wealth & Investment, found that 12% of parents said their children’s marriages had already broken […]
Land and Buildings Transaction Tax “operationally successful”
A recent report by the Scottish Parliament’s Finance and Constitution Committee has concluded that the country’s transition to the new Land & Buildings Transaction Tax (LBTT) was ‘operationally successful’. However, the report goes on to say that it is too early to draw any definitive conclusions on the impact of LBTT rates and bands after […]
