A new study has revealed that approximately 47% of British parent do not have life insurance and 44% have never discussed the financial implications of death with their partner or family. In Wales, the figures are even higher, with 64% saying they do not have life insurance cover. (more…)
If you are a First-Time-Buyer, you may have seen the articles in the news this past weekend on how the 500,000 people who have taken advantage of the Help-to-Buy ISA scheme to pay for a deposit on their first home have been ‘scammed’.
Don’t freak out just yet! Your dreams of home ownership may still be realised so please read on. (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…)
The Brexit vote is without doubt the most significant change that the UK has seen in decades. This has caused confusion in many areas including the housing market. But what does Brexit mean for house prices and the housing market? (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…)
Buying your first home, moving home or re-mortgaging can involve a number of costs. Understandably you will want to save money where possible, and will ask yourself why you should pay for a mortgage broker service. What can a mortgage broker can do that you can’t? (more…)
Deciding on whether to purchase a commercial property is a huge decision.
The majority of us need to take out a commercial mortgage to help finance the purchase. Buy why would we do that when it can be just as easy, if not easier, to rent?
Have a look at our thoughts on the pros and cons of taking out a commercial mortgage, as opposed to renting your business premises. (more…)
This month saw the return of the 100% mortgage from Barclays Bank. So what’s that all about?
The 100% mortgage means there is no-deposit required when taking out a mortgage to purchase your home. This type of mortgage is only available to First Time Buyers and movers and is called Family Springboard Mortgage. (more…)
In recent months there has been much discussion surrounding the purchase of second homes and buy-to-let investments – most of which has focused on tax changes being implemented by the Government.
One of the first changes was the new Stamp Duty Land Tax surcharge. This came into play on April 1st, 2016 and has resulted in a hefty 3% added to the up-front cost faced by buy-to-let investors purchasing new properties. The new buy-to-let premium means investors now pay 3% rather than zero on the first £125,000 and 5% rather than 2% on the remainder.
Now the countdown has begun for the newer tax changes that take effect in Spring 2017. (more…)
Key person insurance (also known as key man insurance), ensures that the business is financially protected from the loss or absence of the people/person who are so crucial that their extended absence would see a loss in profits (or even just a more general financial loss from recruitment and training of a replacement, customers losing confidence in the company or loss of contracts established by that key person). (more…)