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Viewing entries posted in April 2016

Famous people who died without leaving a last will and testimony

Posted by MMB Finance Swindon and Gloucester on 29 April 2016

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Prince is not the first celebrity to die without a will. It can cause families endless headaches. When Prince passed away without leaving a last will and testimony, he joined a long list of people who made the same mistake.

From a TV presenter to a singer and a comedian, we reveal the Brits who fell into the common trap of not thinking about a will before it was too late. TV presenter Jill Dando was murdered in 1999. She was 37 and had no will, so despite the fact she was due to get married later that year, her partner did not inherit any of her £1.18 million estate. Instead it passed to her father (who was in his 80s) - under the rules of intestacy.

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FTBs and housing associations to "bear brunt" of Basel reforms

Posted by MMB Finance Swindon and Gloucester on 27 April 2016

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Housing associations and homebuyers with small deposits are among those likely to bear the brunt of new proposals from the Basel Committee to revise its standardised approach for credit risk, IMLA has warned. The Basel framework ensures that banks, building societies and other deposit-taking institutions have sufficient capital for the underlying risks they bear. However IMLA says that the proposed revisions could limit access to mortgage finance in key areas of the UK housing market.

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House prices predicted to fall for first time since 2008

Posted by MMB Finance Swindon and Gloucester on 22 April 2016

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Not since the global financial collapse have things looked this rocky for house prices - this is why and where will be hit worst in the months to come. The EU referendum could contribute to a slowdown in house price growth in the coming months, according to surveyors.

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10 things you should know about ISAs

Posted by MMB Finance Swindon and Gloucester on 19 April 2016

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Things you should know about ISAs, are a handy way to help you keep more of your money. To understand the best way to do this, you just need the ten other tips.

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72% of pensioners would struggle without BTL income

Posted by MMB Finance Swindon and Gloucester on 15 April 2016

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Almost three quarters (72%) of pensioners who have an investment property said they would struggle to make ends meet if they didn't have the income from their buy-to-let, according to a report. Eight out of ten (81%) pensioners who own a buy-to-let said their properties provide an important, even vital, boost to their retirement income. More than nine out of ten (92%) are worried about the changes to mortgage interest tax relief and the impact on the profit they make from their investment property. The buy-to-let tax changes coming into force have left many pensioner landlords considering whether it’s worth holding onto their buy-to-lets at all. Four out of ten (41%) said although their buy-to-let property was a valuable income generator, they are now thinking seriously about selling it.

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