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Viewing entries tagged with 'advice'

Brexit: Your simple guide to the UK leaving the EU

Posted by MMB Finance Swindon and Gloucester on 26 November 2018

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Feeling a little lost on Brexit? Never really got your head around it in the first place? Let us walk you through it.

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Lifetime Isas: how do they work and who offers them?

Posted by MMB Finance Swindon and Gloucester on 14 November 2018

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The "Lifetime Isa", which has been available since April 2017, is an option for those who want to save up to buy their first home or build a retirement savings pot. For would-be homebuyers, the Lifetime Isa is an alternative to the Help to Buy Isa, which was introduced in December 2015. This helps those who want to buy their first property by paying a 25pc government boost on contributions of up to £200 a month.

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A stealth tax on landlords?

Posted by MMB Finance Swindon and Gloucester on 22 September 2018

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Local authorities will collect a whopping £79million from 77,000 landlords this month as new licensing rules come into effect. HMO licensing - which stands for houses in multiple occupation - already applies to landlords who rent their properties to five or more tenants from two or more different households where the property is three or more storeys. But from 1 October, any property let to five or more tenants from two or more households will be caught by the rules - regardless of the number of floors.

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The SVR trap costs homeowners £2,600 per year

Posted by MMB Finance Swindon and Gloucester on 12 September 2018

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According to a new study of 16 UK mortgage lenders, the average homeowner is being hit with £222 extra a month for lapsing onto a lender’s Standard Variable Rate. The analysis found that as of August 28th, the average homeowner slipping onto their lenders’ SVR after the initial two-year fix faced an extra £2,664 a year in interest payments, equating to £222 a month.

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Catering to the growing older population

Posted by MMB Finance Swindon and Gloucester on 31 August 2018

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The recent IMLA report ‘Bridging the gap: developments in later life lending to an ageing population’ suggests that the number of over-65 homeowners has increased by a half in the last 20 years, from 4 million to 6 million. Never have older borrowers had so much power over the property market, and whilst this market is thriving, it is also influenced by several different factors, including increased regulation as consumers increasingly buying for the first time in their late 30s or 40s.

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