Financial advice London

Over the past few years we have had an increase in the amount of people who are opting to rent as opposed to buying their homes. The question that needs to be asked is, is this out of choice or necessity?

Nation in financial difficulties

Being in the middle of a recession is a very difficult time not just for the county and government but for people individually. Inflation for this year seems to be higher than employee’s year on year pay increases and some have even had pay freezes. This causes a vicious circle where people are not buying as many consumables and therefore pushing up these consumables. This has also had an impact on individuals and businesses alike.

Financial advice London and beyond

Mortgages have been on the decrease in recent years, in-fact the average age for a couple to buy their first home together is currently 35. People are also staying at home with their parents until their 30’s, rather than stepping out into their own mortgages. Yorkshire and the North of England is one of the many places that has been hit by the decrease in mortgage applications, but properties in this area are definitely on the up. But this is not the only area hit and that is why you will start to see more people asking for financial advice London.

Factors to consider

The average amount you can get a mortgage for at present is roughly 3.5 times your salary, this was higher a few years ago which is one of the reasons why it is difficult to get on the property ladder. The best thing to do is to save up money before you consider taking out mortgages and financial advice. London has many types of employment opportunities and you will soon be saving for the house of your dreams.

The only way is up

If you would like more information then this can be found by entering the keywords ‘financial advice London’ into an internet search engine, this search will allow you to scroll through a vast array of companies that can aid and assist you.

Quest Financial is the only name you’ll need for life insurance. Visit www.questfinancial.co.uk to see why people are talking about the most comprehensive financial advice London has to offer.