On November 2nd, the Bank of England raised interest rates from 0.25% to 0.5%, the first rise for over a decade. According to UK Finance, 2.6 million first-time buyers will be experiencing their first ever rate rise following last week’s events. We understand, the idea of a rise may seem daunting, we get it, but the rise shouldn’t put you off purchasing a property. There are still some great deals to be had, and whilst we’ve just had a rate increase, there really is only one way that rates are going to go .. and that is up!
In the last three years, the number of buy-to-let landlords who have turned their hand to commercial property investment has tripled, this news comes just three months before the newer and tougher tax regime for buy-to-let properties comes into full force, which is likely to result in thousands of landlords falling into loss-making territory. (more…)
There are 5.4 million companies in the UK and more than 90% have less than ten employees. That is a large chunk of businesses within which success and failure is resting on a limited number of people. If you own or work in a small business, you’ll probably recognise the increased workload and mad rush when someone is off unexpectedly for a few days. (more…)
More than 80% of small businesses in the UK do not have Key Person Insurance. Not only does this service provide financial cover and security should an important employee fall ill, but it can act as a great incentive for investors if you are looking to grow the business. (more…)
One way businesses can boost their cash flow is by refinancing their commercial mortgage- but what does this involve?
This move can have a number of benefits but it is not for everyone, so it needs careful consideration of all the information and the pros and cons before jumping in to it. (more…)
Since 2011 the number of start-ups businesses launched in Britain has significantly increased year-on-year. Today alone there have been 2476 new businesses launched.
Whether you’re at the beginning of your entrepreneurial journey with your business already launched, or you are just thinking about starting your own business – key person insurance should be on your list of essential things to consider. (more…)