Client News

Keep up to date with Ernest Grant news and industry insights through our blog.

November 2022

Is Equity Release a Good Idea?

Early last month, City AM had a dramatic headline: ‘Cash-strapped homeowners turn their properties into personal cash machines.’ They reported that equity release was ‘booming’, with homeowners releasing a total of £4.8bn from their homes in 2021. Ten years previously, the amount released was just £790m with only two years out of the ten –…

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What’s Going to Happen to House Prices in 2023?

The pandemic failed to halt the surge in house prices, and so far, soaring inflation hasn’t done so either. In fact, figures from Rightmove indicate there was a 0.9 per cent increase in average property values in October 2022, taking prices up to a record £371,158. But nevertheless, there are genuine fears among some that…

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November Market Commentary

Introduction Where did we leave the soap opera that is British politics? At the end of September, Liz Truss was the Prime Minister, and Kwasi Kwarteng was her Chancellor. As we reported last month, Kwarteng presented his ‘fiscal statement’ on Friday 23rd September. Three weeks later, he was gone and Liz Truss had to endure…

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How are interest rates and inflation linked?

The Bank of England’s aim is for the country to have low and stable inflation – and it works to a target of two per cent. Changing interest rates are the Bank of England’s mechanism for achieving its inflation target, and in the current climate of high inflation, it believes raising rates is the right…

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