Helen Nugent

First-time buyers flock to the bank of mum and dad

When my sister had a little girl, my aunt told her: ‘You’re vulnerable for the rest of your life.’ She meant, of course, that my sister’s overwhelming love for her daughter would mean a lifetime of worry – as well as all the incredible new experiences that motherhood would bring. She should have added financial vulnerability

It’s not grim up North: Manchester tops UK cities for house price growth

‘Northern Powerhouse fires up house prices in Manchester’ shouts one headline. ‘Manchester is at the centre of Britain’s property boom’ declaims another. ‘Manchester top for house price growth’, a third declares. As a property-owning Mancunian who has no intention of moving, this is welcome news. According to Hometrack, prices in my home city increased by

Work till you drop: state pension age could be raised to 70

There’s an episode of the TV political drama The West Wing which focuses on the raising of the retirement age. After much to-ing and fro-ing it’s decided that the subject is too toxic to tackle and so it is dropped from the President’s agenda. If only art mirrored life. A new report suggests that the

House prices now more than seven times income

There are many things that beggar belief. The enduring popularity of Mrs Brown’s Boys for one. A continued appetite for the songs of James Blunt. And the appointment of George Osborne as editor of the London Evening Standard. That last one is particularly hard to fathom. But then so is some other news out this

Pity the Co-op: bank reports fifth consecutive year of losses

If you’re a Manchester resident, you’ll be familiar with the all-singing, all-dancing, brand-spanking-new Co-op headquarters. In much the same way that London’s City Hall squats on the banks of the Thames, One Angel Square looms over Victoria Station, its solid glass bulk in stark contrast to the company’s iconic 1960s CIS Tower just over the

Stamp duty, home ownership, retirement and pensions

It’s the bane of home-buyers’ lives – and now a major building society has said that stamp duty is due a major overhaul. The Yorkshire Building Society said that nearly three-quarters of first-time buyers pay the tax, compared with just over half in 2006. It wants stamp duty to be a tax on property sellers,

PPI, incomes, new homes and spending

The Financial Conduct Authority has finally announced a deadline for people seeking compensation over mis-sold payment protection insurance. The City regulator has said that people will have to make their claims before 29 August 2019. In one of the industry’s biggest scandals, banks have set aside more than £40 billion to meet the payouts. Although millions