To take out a commercial mortgage or to rent? That is the question!

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…)

Buy-to-let tax changes – what’s still to come

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 – What is it and why does your business need it?

Key Person cooldesignWhilst we all like to be equal – the harsh reality is in that small businesses particularly, there are key people who are more crucial to our ongoing business than others.

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…)

Re-brand, office move and website re-launch

Here at First Financial Solutions (Wales), we’ve undergone a number of recent changes.  We still continue to offer independent private and commercial mortgage advice, and personal and business insurance. And we’re still independent, which means that we are able to search the whole of the market to find the best and most appropriate deal for you.  But there are some changes ….