Category: News

5 reasons your mortgage application for a flat could be rejected

07.02.2022
Figures suggest that demand for flats is rising. They can be a great option for first-time buyers, as they’ll often have lower prices, for those who want to live in city centres, or even for those who want to invest in property. While the process of buying a flat is similar to a home, it can create more obstacles if you’ll be using a mortgage to purchase one. For much of 2020, house prices increased at a faster pace than flats as families...
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8 in 10 cancer patients suffer a financial hit. Here’s how protection policies can offer security

07.02.2022
Being diagnosed with cancer can mean facing physical and mental challenges, but research finds that many patients also face financial obstacles. Research from Macmillan Cancer Support found that 83% of people with cancer in the UK experience some kind of financial impact from their diagnosis. More than 1 in 3 patients said their finances were severely affected. At a time when you’re worried about your health or need to focus on treatment,...
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Is the interest rate rise good news for savers?

07.02.2022
After more than a decade of low interest rates, the Bank of England (BoE) has suggested that it will continue to gradually increase its base rate. With savers suffering from low returns, is that good news? In December 2021, the BoE increased its base rate from 0.1% to 0.25%. While still very low compared to the Bank’s base rate historically, it’s the highest it has been since the start of the pandemic in 2020. Interest rates have been low...
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ESG investing: Understanding the jargon when making investment decisions

07.02.2022
Have you considered investing in a way that reflects your values, but have been baffled by the jargon? If so, you’re not alone in being confused by the acronyms and phrases used to describe investments that consider other factors alongside financial ones. Here’s a jargon buster for some of the key phrases you need to know. Investing with a purpose is becoming more popular. As our awareness of sustainability and the impact our decisions have on...
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Want to invest but don’t know where to start? Here are the basics

07.02.2022
Have you thought about investing but are worried you don’t know enough to start? Research suggests that if you do, you’re not alone, but getting to grips with the basics doesn’t have to be challenging. According to a Royal Mint survey, more than half of UK adults want to get into investing. It’s a step that can help them grow their wealth and reach long-term goals. Yet, the majority (76%) said their lack of knowledge is holding them back....
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Only 55% of people want to split their estate evenly between their children

07.02.2022
When thinking about how parents will split their assets between children, it’s often assumed wealth will be evenly distributed. However, a survey suggests that, for a variety of reasons, a significant proportion of inheritances may not be. According to a report in Money Age, just 55% of UK adults plan to split their wealth equally among their children. If you don’t want to split your estate evenly, it can make writing your will and estate...
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What kind of lifestyle does a £1 million pension buy?

07.02.2022
A million-pound pension can provide you with financial freedom in retirement, but it may not deliver the millionaire lifestyle you think. Having access to a £1 million can conjure images of an extravagant lifestyle, from chartering yachts to hitting designer shops. While having a £1 million pension can mean you can indulge in things you love or tick off items on a bucket list, you still need to think long-term. Could you save £1 million in...
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State Pension Review: Why it matters to your retirement plans

04.02.2022
If you’ve yet to retire, you may give little thought to the State Pension. But the government is currently reviewing it, which could mean millions of people will need to wait longer than expected until they can claim it. The State Pension Age is now equalised for men and women and is currently 66, but there is already a gradual increase planned. By 2046, the State Pension Age will reach 68 for those born on or after 1 April 1977. Once you reach...
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Investment market update: November 2021

06.12.2021
A new variant of Covid-19, dubbed “Omicron”, is affecting some countries around the world, and it could lead to further restrictions in the coming months. The variant comes as supply chain issues caused by the pandemic continue to affect businesses and households. UK The UK’s latest GDP figures suggest the economy is lagging behind other G7 nations. The UK’s economy is still 2.1% below its pre-pandemic level in the final quarter of 2019...
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2 ways you can reduce your monthly mortgage payments

06.12.2021
Rising inflation is putting pressure on household expenses across the UK. Your mortgage is likely to be one of your largest monthly payments and reducing the cost could improve your budget. According to the Bank of England, the inflation rate in November 2021 was 4.2%. That means the cost of living is rising at its highest pace for a decade. From grocery shopping to energy bills, you may have noticed that your regular expenses are creeping up. If...
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