Blog
21st August 2015
Earlier this month, the Bank of England’s rate-setting committee announced that they will keep the Base Rate at 0.5%. This somewhat unsurprising news is confirmation for consumers across the UK that they will be struggling to find attractive rates of...
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The Impact of Interest Rates
14th August 2015
Last week, speculation and anticipation was high as the British public braced itself for a change in monetary policy. The outcome was welcomed by some and disappointed others (in particular, one particular member of the Bank of England’s Monetary...
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Tax Changes in the Budget: Sour news for Buy-to-Let Lenders
23rd July 2015
Buy-to-Let landlords throughout the UK have been warned that recent tax changes announced in the July Summer Budget could significantly reduce their post-tax income. It has been decided that from 2017, mortgage interest relief on rental properties would be reduced...
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A change in the way over 55s are funding their retirement
17th July 2015
It seems recent years have seen a shift in the way the over 55s are funding their retirement. The banks are slowly being ‘shunned’ in favour of alternative investment methods, with Peer-to-Peer Lending increasing a huge 84% in 2014 amongst...
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Interest Rates Kept on Hold in July By The Bank of England
15th July 2015
The Bank of England’s Monetary Policy Committee has voted to maintain the Base Rate at the current low of 0.5% for yet another month. The previous shift in the Base Rate was the reduction of 0.5 percentage points to...
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Summer Budget 2015: Peer-to-Peer ISA Announced
8th July 2015
Announced in the first newly elected Conservative Government’s Summer Budget 2015, the Government have decided that Peer-to-Peer investments will be ISA eligible from the 6th April 2016. Peer-to-Peer investments will be eligible through the creation of a third ISA type;...
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Financial Services Warned Against Using Too Much Jargon
7th July 2015
The FCA has warned the Financial Services Sector to ‘stop using jargon’ and over complicated information that often confuses customers. The regulatory body has argued that technical small print filled with complex language is too hard for customers to understand...
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UK Mortgage Industry Urged To Do More for Older Buyers
30th June 2015
The UK’s mortgage industry must improve their response to the challenges posed by an aging society and also become more in line with the rising number of retirees that secure a loan for property. This is the viewpoint of David...
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Housing Market in Supply Crisis as Homes for Sale Plunge to Lowest Level for 37 Years
26th June 2015
The number of houses up for sale has fallen to the lowest level since 1978, despite chartered surveyors’ expectations of a rise following the general election. This lack of supply is pushing house prices up and they are set to increase...
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Can The Banks of Today Endure The Next Big Disruption?
25th June 2015
It is without doubt that, over the last decade or two, the financial industry has changed both radically and progressively. Gone are the days where your statement was only available during bank opening times. These days, most of the financial...
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