Wealth Management News

New Bank of England rules for landlords with multiple properties - 10 October 2017

As of 1 October 2017, new Bank of England rules are in force which affect any landlords with four properties or more that wish to apply for a new buy-to-let mortgage, or to refinance an existing property. Due to concerns

Investors beware: FCA warns of dangers of digital currency - 10 October 2017

The Financial Conduct Authority (FCA) has warned consumers of the dangers of investing in cryptocurrency, as concerns grow that they lack any intrinsic value. Initial coin offerings (ICOs) – not to be confused with initial public offerings (IPOs) – are

Robots should be used to reverse the state pension age, says TUC - 10 October 2017

The TUC has argued that robotics and artificial intelligence (AI) should be used to benefit working people – for example, by reducing the state pension age. In a new report, the umbrella body for trade unions investigated how the next

HMRC’s withdrawal of paper copies of important tax document may affect self-employed workers’ mortgage applications - 25 September 2017

Self-employed workers in the UK have reported their struggles to acquire a mortgage, after HM Revenue & Customs (HMRC) changed the way it issues details of tax calculations and tax year overviews for submission with mortgage applications. Until recently it

Rates improve as savings market springs back into life - 25 September 2017

Activity in the savings market has soared in recent months with the number of providers reaching its highest point in more than seven years, new figures reveal. The latest Moneyfacts UK Savings Trends Treasury Report shows that there are now

Treasury to limit statutory right to transfer pensions - 25 September 2017

The Treasury has confirmed plans to limit the statutory right to transfer pensions in a bid to clamp down on fraud. In a response to its consultation paper issued in December 2016, it said it would introduce tougher measures around

Mortgage rate rise to bite borrowers where it hurts - 25 September 2017

The Bank of England (BoE) announced that it would hold interest rates at a record-low of 0.25 per cent in September, but for how much longer this will low rate will remain unchanged is not known. While the economy is

Household savings down by almost half in Q1 of 2017 - 2 August 2017

Worrying data published by the Office for National Statistics (ONS) towards the end of July has revealed that household savings hit a record low in the first quarter (Q1) of 2017 – after falling by as much as 48 per

State pension age to be increased to 68 - 2 August 2017

Under new Government proposals, as many as seven million UK men and women will have to wait a year longer than expected to get their state pension. This is because the UK’s existing state pension age of 67 will be

Study reveals fall in mortgage costs - 2 August 2017

A new study suggests that mortgage costs across the UK are falling – a trend that is expected to continue well into the near future. According to the latest quarterly product data analysis from market analysts Mortgage Brain, there has