Events

April 2016

What is Annual Allowance

By |April 18th, 2016|

The Annual Allowance is the amount you can pay into a pension fund each year and get tax relief. From 6 April 2016, the Annual Allowance will be tapered from £40,000 for those with earnings of £150,000 or less down to £10,000 for those with income of £210,000 or more.
For this purpose, income isn’t just […]

Buy-to-let lending up 60% ahead of stamp duty changes

By |April 14th, 2016|

According to The Guardian , Council of Mortgage Lenders reports a near-50% increase in the number of buy-to-let loans taken out, with first-time buyer mortgages up by 11%.

Lending to buy-to-let investors rose by almost two-thirds in the 12 months to February, as some landlords took advantage of low interest rates to remortgage, while others added […]

Buy-to-let landlords keep benefiting from cheaper mortgages

By |April 13th, 2016|

In an article in which the Guardian had published on the 11 April they stated that Buy-to-let landlords are continuing to benefit from falling mortgage rates, according to new data, despite policymakers saying they are keeping a close eye on the fast-growing sector.

They had also stated that data from finance website Moneyfacts shows that the average […]

Homeowners with ‘granny flats’ look set to avoid 3% Stamp Duty surcharge

By |April 12th, 2016|

According to Mortgage Solutions Property owners with a ‘granny flat’ in their grounds look set to avoid the 3% Stamp Duty surcharge aimed at buy-to-let investors and second homes following an intervention by Sir Eric Pickles.
MPs had gathered together in the House of Commons yesterday to discuss the details of the Finance Bill which, among other […]

Income matters

By |April 12th, 2016|

Facing retirement with an annual income shortfall of £12,600!
The UK’s mass affluent investors face an average annual income shortfall of £12,610 in retirement. This jumps to a staggering £28,000 shortfall among the mass affluent millennial population, according to the BlackRock Investor Pulse survey.

Nearly three quarters (73%) of mass affluent Britons say it’s important for them […]

February 2016

Is 2016 the ‘year of the first-time buyer’?

By |February 22nd, 2016|

Financial Reporter have stated that 2016 could be the ‘year of the first-time buyer’ encouraged by low interest rates, initiatives such as Help to Buy, and buy-to-let investors facing increasingly adverse taxes.

Government initiatives and low interest rates are aligning with more property choice for first-time buyers, with 10% year-on-year jump in the number of two […]

Help to Buy ISA opened every 30 seconds

By |February 17th, 2016|

According to Mortgage Advice Bureau A quarter of a million first-time buyers have opened a Help to Buy ISA since the scheme launched in December last year.

The number of ISAs opened means that there is an equivalent of one person opening an account every 30 seconds, or just over 3,000 per day, and over 25,000 […]

Pension credit

By |February 15th, 2016|

Cuts for people who go abroad for over a month
People who go abroad for over a month will no longer be eligible for pension credit. At present, housing benefit and pension credit recipients can go abroad for up to 13 weeks while continuing to receive payouts.

The spending review says: ‘The benefit system should not subsidise […]

Mortgage lending rockets as property investors rush to beat April tax change

By |February 12th, 2016|

House purchase approvals were up 20% between December and January, fuelled by the buoyant buy-to-let sector.

Mortgage Solutions yesterday said, The January Royal Institution of Chartered Surveyors (RICS) survey reported a surge in new instructions in January with buy-to-let investors rushing to get into the market ahead of the 3% Stamp Duty hike, intensifying price rises despite […]

Reasons for investing

By |February 12th, 2016|

Taking a long-term view to wealth creation
Stock markets can be unpredictable. They move frequently – and sometimes sharply – in both directions. It is important to take a long-term view (typically ten years or more) and remember your reasons for investing in the first place. We at Hutt Professional are able to offer you independent […]