Short summaries of recent articles we think you will find useful from some of the UK’s broadsheets.
“Halifax to offer five-year fixed mortgages at cheaper rates than two-year home loans”
UK lender upends historical norm of borrowers paying more for longer-term deals.
“Thousands admit not paying UK tax on overseas assets”
Number of warning letters sent by HMRC up by a third.
“OK boomer, what’s your inheritance tax strategy?”
Soaring property prices mean adult children fret about their parents’ tax planning abilities.
“How the UK’s non-dom status works”
Controversy around Sunak’s wife highlights tax rule quirks.
“Venture trusts raise more than £1bn”
Investors pile in record funds despite risk concerns.
“Thousands hit by shake-up of pre-paid funeral plans sector”
Regulatory crackdown could send more plan providers into administration.
“Premium Bonds take a hit as saving rates rise”
As lockdown lifts and worries about inflation grow, the surge of cash flowing into Premium Bonds has slowed.
“Ten-year mortgages cheaper than two”
Five and ten-year fixed-rate deals at the largest mortgage lender are now cheaper than two-year fixes.
“Is it time to be more biased towards Britain?”
For years many of us showed our home bias by investing in British businesses. The tech boom then led to a shift and we profited from favouring global funds with high exposure to American shares. Now everything could be coming full circle.
“Landlords snap up homes as rents bounce back”
Rents have risen by 9.1% in the past year, tempting investors back to the market.
“Home buyers scramble for extra cash as banks cut mortgage offers”
‘Reality check’ as lenders disagree with high prices agreed between buyers and sellers
“Money Makeover: ‘Should I sell my home and use buy-to-lets to fund retirement?’”
A reader wants to know if now is a good time to sell, or if house prices will rise even higher.
“How to get yourself mortgage ready”
From checking how much you are likely to be able to borrow, to planning ahead of an application.
“Homebuyers could struggle with mortgages as UK banks tighten affordability tests”
Brokers warn soaring bills, tax rises and big hike in cost of household basics have forced lenders to recalculate models.
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As tax year end approaches, there is still time to make use of your available reliefs and allowances.
This tax year end planning checklist covers the main planning opportunities available to UK resident individuals and will hopefully help to inspire action to reduce tax for the 2023/24 tax year and to plan ahead for 2024/25.
As tax rate band thresholds are changing, understanding the impact on high rate taxpayers and the economy is crucial.
It was recently revealed in the media that the amount we need to enjoy a ‘moderate’ retirement has increased by £8,000 per annum, a 38% increase, in just one year.