An interesting Budget but little which we need to highlight as needing immediate action.
The highlight was the announcement that the Government is to subsidise deposits and provide state backing for loans to help house buyers get on the property ladder. This will give a big boost to aspiring house purchasers and the house building sector.
However, it remains the case that help from parents and grandparents will still be needed by many young people wanting to buy their first property.
Whether this should be by way of gifts, loans, part ownership or a Barclays type Springboard Mortgage is an area where further guidance from The Retirement Team will be available once the rules have been finalised.
IMPORTANT INFORMATION
This document and our on going services are not personal advice. We'll give you all the help and guidance you need to make your investment and retirement decisions, but we can't advise you. If you're not sure whether you need regulated financial advice we can put you in touch with a suitably qualified and experienced regulated adviser. Because we are not regulated by the Financial Conduct Authority you will not have access to the Financial Ombudsman Service in respect of any complaints. If you use one of the "no advice" on line services to handle investment transactions they will be Regulated and you will have access to the Ombudsman and The Financial Compensation Scheme in respect of their services. The value of investments/pension plans can fall or rise depending on market performance. The Retirement Team and The Investment and Retirement Coach are trading names of Capture Success Ltd Reg No 01825075 Tel 07770575122
