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Viewing entries posted in March 2019

What happens to your estate when you die?

Posted by MMB Finance Swindon and Gloucester on 25 March 2019

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With the majority of their wealth tied up in property, therefore one question is can your executors sell your rental property if you were a landlord? This needs to address their own demise unless they want to leave their loved ones in a right financial pickle. I only discovered recently, following the sudden death of a relative, how cruel the UK taxation system is when someone dies.

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Strong start to 2019 for first-time buyers and home movers

Posted by MMB Finance Swindon and Gloucester on 23 March 2019

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The mortgage market got off to a strong start to the year in January, with the number of first-time buyers and home movers up on a year earlier. 25,100 new first-time buyer mortgages were handed out that month, 4.6% more than in the same month in 2018. The average first-time buyer is aged 30 and puts down a 17.8% deposit. Some 25,300 home mover mortgages were completed in the month, 2.8% more year-on-year. This suggests that the residential mortgage market has had a strong start to the year, despite ongoing economic uncertainty.

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MPC votes unanimously to hold Bank Rate

Posted by MMB Finance Swindon and Gloucester on 21 March 2019

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The Bank of England’s Monetary Policy Committee have voted unanimously to maintain Bank Rate at 0.75%. The Committee said shifting expectations relating to the UK's withdrawal from the EU have "continued to generate volatility", with ongoing uncertainty affecting confidence and short-term economic activity, notably business investment. In its minutes, the Committee said that the outlook will "continue to depend significantly on the nature and timing of EU withdrawal".

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Government gives green light to CDC pension schemes

Posted by MMB Finance Swindon and Gloucester on 19 March 2019

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The government has confirmed the launch of Collective Defined Contribution pension schemes in a new consultation. CDC schemes, which are already popular in Denmark and the Netherlands, pay out a regular income from a collective fund rather than producing an individual 'pension pot'.

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92% believe Brexit is hindering housing market

Posted by MMB Finance Swindon and Gloucester on 15 March 2019

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77% of respondents to the latest RICS residential market survey cited Brexit uncertainty as the biggest challenge in the market at present. Just 8% believe Brexit is having no affect on buyers and sellers and 71% believe the current political situation is impacting both.

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