Section 24 was introduced in April 2017 affecting tax relief for landlords. What this means is that landlords will no longer be able to claim mortgage interest, or any other property finance costs against net rental profit. Instead, rental profit will be taxed on the full rental income, not just the profit by 2021, affecting Read more about The 4 Years of section 24[…]
1- Rebuild value If something happens to your home, are you sufficiently covered? Always make sure you are fully covered should you need to rebuild your home from scratch. At the opposite end of the spectrum, make sure that you haven’t set your rebuild value too high, or you could be paying too much for Read more about 5 Ways to Make Your House Insurance Cheaper[…]
British savers are now protected up to £85,000 should their bank collapse, but not many people know it is per licensed institution not by account. The Financial Services Compensation Scheme which protects savers in the UK, says should the unfortunate happen, compensation should be in around 7 days, £85,000 for a single account and up to Read more about Is your money protected?[…]
From PCP to logbook loans, there are a myriad of loans on offer attached to cars, although it can be daunting, we thought we should take a look at each one. Personal loan A personal loan is a much favoured way of buying a car, you own the car outright with no mileage restrictions. Unfortunately Read more about From PCP to logbook loans, car finance made clear[…]
Based on your financial history, a credit score is what companies will look at in order to help them in their decision on lending you money, wether you are ‘credit worthy’. It is not just the big ticket items such as mortgages and loans, but also credit cards, new phone contracts and even insurance, all require Read more about Know your credit score[…]