It is now over 10 years since the Bank of England last raised interest rates. Could now be the best time to remortgage? With base rate at a historic low of 0.25%, some feel that the only way rate will go is up. Is it time to consider what a rate rise might mean for your [...]
The Financial Conduct Authority (FCA) has highlighted that thousands are at risk of financial harm or unnecessary tax bills. They state that since the new pension reforms were introduce in 2015 many savers are not taking independent financial advice. Large number of savers are opting for income drawdown plans when cashing in their pension funds. [...]
Congratulations to Rachel on completing the Prudential Ride London event. Well done Rachel Efetha, one of our financial advisers based in Bedford, for completing the Prudential Ride London, bike ride on Sunday. The event is the world's largest festival of cycling. This community, 100-mile bike ride, took place in London and Surrey on 28-30 July 2017. Rachel, who [...]
Launched in 2013 the Help to Buy mortgage scheme was meant to “help anyone who works hard and aspires to own their own home has that opportunity” So said the then economic secretary to the Treasury, Stephen Barclay. How does Help to Buy work. With the Help to Buy equity loan the government will lend you up [...]
An update from our financial adviser Rachel Efetha on entering the Prudential Ride London, community event on Sunday- “All week I’ve been trying to ignore the slight sore throat, slight earache and sneezing and that stiff neck feeling of having slightly swollen glands. I’ve eaten loads of vegetables, taken Echinacea and had plenty of sleep [...]
Homeowners who have relied on interest-only mortgages are increasingly being forced to sell up before their repayment term is reached. The number of people having to sell their home and downsize is increasing. Estate agents are reporting that forty-three per cent of customers are forced to sell their home to pay off interest-only mortgages. Mortgage debt issues [...]
The popularity of equity release continues to grow. Figures from the Equity Release Council, of which Anstee & Co are members, estimate that there is a total of £7 million being released on a daily basis. In comparison to the same time last year, this represents a 53 per cent growth. The figures show a [...]
.edFamilies can face a shock five-figured tax bills after the death of a loved one. Little-known rules regarding ‘death-in-service’ pay-outs from workplace pension schemes could result in grieving relatives facing huge tax bills. Many businesses offer their staff a lump sum ‘death-in-service’ payment if a member of staff dies. Sums of three or four times annual [...]
Recent figures published by HM Revenue and Customs (HMRC) show a doubling in the number of mothers missing out on vital pension rights because of a change in the rules on child benefit. Together, these mothers have lost hundreds of millions of pounds in retirement. Royal London published a policy paper entitled ‘Mothers Missing out [...]
The Bank of Mum and Dad keep growing to become a £6.5bn UK Mortgage Lender on a par with the 9th largest UK lender. It continues to grow in importance in helping young people take their early steps onto the housing ladder. It will be involved in more than a quarter of all property transactions [...]
