Last year, the Bank of England’s decision to raise interest rates took the Monetary Policy Committee out of the financial pages and into the mainstream headlines. Given that the raise took interest rates from 0.25% to 0.5%, it was hardly the sort of change to make savers jump for joy, but it was a warning […]
Archives for June 2018
The ins and outs of leasehold property
You only actually own a property outright if you buy it on a freehold basis (or buy a share of the freehold), in which case your money pays for the property and the ground on which it stands (and sometimes the ground around it). If you buy a leasehold property then you simply buy the […]
Dealing with deposits
The mortgage landscape has certainly changed a lot since the days before the 2008 financial crisis. Now the key word for both residential buyers and landlords is “affordability” and although the concept of affordability is defined in different ways depending on whether the buyer is looking for a property to live in or a buy-to-let […]
Understanding Credit Rating & Why It’s Important
Fundamentally, your credit rating is simply a reflection of how well you manage your money. While the term “credit score” does infer debt repayments, these days, your credit score can be a broader reflection of how you manage your money more generally. It’s pretty near impossible to opt out of having a credit score If […]
Welcome Relief For Investors
The old joke about death and taxes being the only constants in life will probably ring particularly true to many people when it comes time to fill in tax returns. The good news is that there are various forms of relief available to savers and investors, so a little judicious advance planning can go a […]