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Renting cheaper than buying in half of London

Research from FPDSavills reveals that it is now cheaper to rent rather than buy in over half of London&#39s boroughs. Renting is cheaper in the more expensive boroughs where house prices are highest, but in many parts of outer London where house prices are lower buying is still cheaper than renting.

Savills says that the high house price growth of the last few years has driven up buying costs but this has been largely offset by falling interest rates. However, whilst the cost of buying has remained broadly static, rental values have fallen as a result of a rising supply of stock for rent.

Head of residential research Richard Donnell says: “The results of the analysis highlights two conflicting forces at work in the London housing market.”


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Saving pensions

Our private pension industry has been a cornerstone of our economy for decades and the pension industry has generated billions for investment in UK and world stockmarkets. Our private pension system has been the envy of our EU partners but there are cracks appearing and private pensions are under pressure, in serious danger of being […]

L&G contests FSA endowments fine

Legal & General is taking on the FSA to contest a £1.1m fine for endowment misselling. L&G is challenging a ruling by the FSA that it missold higher-risk products to riskaverse savers from 1997-1999. At a preliminary hearing of the Financial Services and Markets Tribunal last week, L&G&#39s solicitor said the company does not believe […]

Nationwide says it will consider equity release

Nationwide Building Society has tempered its hands-off approach to the equity-release market, saying it will consider it in the future when it sees how the market develops. The society has not been shy to voice its concerns about equity release, saying the product could become the next misselling scandal. But speaking to Money Marketing, chief […]

Unfinished business?

Pension specialist Fiona Tait gives an update on three big announcements from the 2016 Budget – Pensions Advice Allowance (PAA), the Lifetime ISA (LISA) and the pension dashboard. £500 Pensions Advice Allowance What’s new Under current rules it is possible to deduct an adviser charge from a defined contribution pension fund to pay for financial […]


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