Commercial Finance

What’s in the new budget that affects me as an individual?

Philip Hammond has delivered his third Budget as chancellor, here are some of the key takeaway points… The personal allowance threshold, the rate at which people start paying income tax at 20%, to rise from £11,850 to £12,500 in April – everyone who pays tax will now pay a little bit less The higher rate …

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How will interest rates affect you as a saver or a borrower?

Interest rates for savers have been pushed up to their highest level in almost three years whilst the change is almost insignificant to borrowers. Two-year bonds at banks and building societies paid 1.38% following the rise in base rate from 0.5% to 0.75%, the first move away from the emergency levels of the financial crisis. …

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Do you know about the HMO changes that came into effect on Monday?

All brokers should be aware of the HMO licensing changes that came into effect on Monday this week. Any property with 5 or more people or 2 separate households will now be subject to HMO licensing. The government will also enforce: Minimum room sizes Waste and recycling disposal requirements Landlord fit and proper tests It’s …

Do you know about the HMO changes that came into effect on Monday? Read More »

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How you can help your employees manage their finances better

If you’re an employer you’re in a unique position to offer help to your employees so that they can manage their finances better. There are also certain incentives that can provide tax breaks for you as an employer. Some of the things you can do for your employees are: Invite experts such as your pension …

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Stay up-to-date with the latest buy-to-let research

The latest results from a BDRC Continental’s Landlord Panel survey show that mortgaged Buy To Let landlords generate an annual gross rental income which is significantly higher than that of unencumbered landlords (£72k vs £48k). Each quarter BDRC Continental carry out their Landlord Panel survey, where they ask landlords to indicate their annual gross rental …

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What’s More Important: Your Credit Score or Report Data?

A good credit history gives you a good credit score which means you should have easy to access to credit, doesn’t it? In a way, yes, but you may be surprised at how much of a role your credit ‘score’ actually plans when it comes to gaining access to credit. Although your credit score does …

What’s More Important: Your Credit Score or Report Data? Read More »

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