What Mortgage
No Result
View All Result
what MORTGAGE Awards
  • Login
  • Register
Add Listing
  • Home
  • News
  • Buy-to-Let
  • Homeowner’s Hub
  • Equity Release
  • wM Awards
  • First-Time Buyer
  • Home
  • News
  • Buy-to-Let
  • Homeowner’s Hub
  • Equity Release
  • wM Awards
  • First-Time Buyer
No Result
View All Result
What Mortgage
No Result
View All Result
Home News

Got buying/renting questions? Experts can answer them via new online service

by Vanya Damyanova
June 16, 2015
Got buying/renting questions? Experts can answer them via new online service
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Many people have lots of questions about property, but do not have the confidence that they know everything to make the right decision, so financial group Legal and General (L&G) is trying to give them the answers.

L&G’s latest partnership is with Google and is aimed to create a series of live chats on Google Hangouts answering people’s questions about money-related topics.

The latest one was about property, since a recent study of L&G found that Help to Buy is among the top five financial topics least understood by adults across the UK with 29 per cent of adults admitting they don’t understand the scheme. That’s why L&G decided to focus the third #MoneyHangout on property, to help people in the UK answer their big questions about finding, buying and renting.

The hangout was hosted by Legal & General CEO Nigel Wilson and features Miles Shipside (Rightmove), Roger Harding (Shelter) and Jo Eccles (Metro columnist and property expert).

Other findings of L&G’s research

Related Articles

  • Confused over life insurance jargon – what do the terms mean?
    April 24, 2025
  • Leasehold reforms: How will they impact your home purchase?
    April 16, 2025
  • What factors qualify someone as a first-time buyer?
    April 15, 2025
  • Divorce: Can I release equity to buy out my wife?  
    April 14, 2025

More than half of adults (52 per cent) assess the financial education they have received as poor or are saying they did not receive any financial education at all.

This proportion is higher among low earners and older people, at 59 per cent for those earning under £15,000 and 62 per cent for those nearing retirement (55-64 year olds).

L&G, found that the top five personal finance topics least understood are:

  1. Annuities (42 per cent)
  2. Access to personal pension plans (36 per cent)
  3. Auto-enrolment (31 per cent)
  4. Help-to-Buy (29 per cent)
  5. Investments (22 per cent)

A third (33 per cent) of respondents approaching retirement (aged 55-64) admit they don’t understand annuities and more than one in four (27 per cent) of those people say they don’t understand how personal pension plans can be accessed.

Almost one in three working people (31 per cent) say they think management would disapprove of employees doing anything to manage or better understand their finances while at work, and half of workers (51 per cent) say they feel guilty if they focus on finances for more than five minutes during the working day.

Nigel Wilson, Group CEO, Legal & General said: “The introduction of personal financial education to the school curriculum is a good thing, but many adults need help now. The industry needs to provide products that are clear, simple, and understandable, but also new ways to engage with people over their finances, so that they switch on, rather than switch off”.

Joanna Elson, chief executive of the Money Advice Trust, the charity that runs National Debtline, said: “Employers could certainly be doing more to help employees manage their money well – from allowing time for the practicalities of online and telephone banking during working hours, to providing workplace financial education programmes and signposting to free debt advice services where needed. This really is a win-win. The employer gains a more financially secure, more productive workforce – and for individual employees, it could just make the difference between keeping on top of their finances and falling into unmanageable debt.”

 

How can you learn more about the new scheme and take part

Clips from existing hangouts can be seen here

Outtakes on specific issues from the Property Hangout and more information from L&G can be accessed at the following links:

  • http://youtu.be/JEFQDf11Gws – #MoneyHangout – Help Buying a Property
  • http://youtu.be/muHBT2D8hYM – #MoneyHangout – Help Renting a Property
  • http://youtu.be/7WpqpcN5Ek  – #MoneyHangout – Top Housing Tips
  • L&G webpage for more info: http://ow.ly/OkYx8

 

Tags: buying propertybuying renting propertybuying/renting propertyrenting
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Our recommeded tools

Mortgage Calculators

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Mortgage Best Buys

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Mortgage Match

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Mortgage Search

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related Articles

  • Confused over life insurance jargon – what do the terms mean?
    April 24, 2025
  • Leasehold reforms: How will they impact your home purchase?
    April 16, 2025
  • What factors qualify someone as a first-time buyer?
    April 15, 2025
  • Divorce: Can I release equity to buy out my wife?  
    April 14, 2025

Newsletter

Register for our free weekly newsletter for all the latest mortgage news, tips, and features.

Sign Up

Polls

Will the increase in stamp duty on 1 April 2025 make you less likely to buy a property?

View Results

Loading ... Loading ...
  • Polls Archive
  • Advertise
  • Media Information 2018
  • Contact Us
  • About us
  • Terms & Conditions
  • Essential Links
  • Privacy

what Mortgage, Metropolis International Group Ltd © 2025
Registered in England no. 02916515

[MBM_Form id="284841"]

Buying a property, moving home or re-mortgaging? Sign up to our newsletter and marketing emails, and we'll send all the latest mortgage news, top tips, expert advice and what MORTGAGE Awards updates straight to your inbox.

I am a...*
First Name*
Email*
First Name*
Last Name*
Email*
Company
Job Title
I would like to receive...
[MBM_Form id="284841"]

Buying a property, moving home or re-mortgaging? Sign up to our newsletter and marketing emails, and we'll send all the latest mortgage news, top tips, expert advice and what MORTGAGE Awards updates straight to your inbox.

I am a...*
First Name*
Email*
First Name*
Last Name*
Email*
Company
Job Title
I would like to receive...
No Result
View All Result
  • Home
  • News
  • Buy-to-Let
  • Homeowner’s Hub
  • Equity Release
  • wM Awards
  • First-Time Buyer

what Mortgage, Metropolis International Group Ltd © 2025
Registered in England no. 02916515