Britons prioritise bricks and mortar over white wedding

Britons are turning their backs on the big white wedding in favour of getting onto the property ladder, according to research by HSBC. Over a quarter (28%) of those aged between 18 and 34 would spend a £20,000 gift from their parents on a deposit for a house. Three out of five young Brits (60%) with aspirations of home ownership admit that they cannot afford a deposit for a first home without...
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Mortgage Protection in 2014: are you amongst the most protected?

As a nation, are we doing enough to protect ourselves, our families and our assets? Scottish Widows is seeking to answer this question throughout the year, with a series of reports on Britain’s approach to protection. Their May 2014 report takes a look at mortgage holder’s protection, to see how many of us are properly protecting what is likely to be our biggest asset. The report shows that...
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Buy to Let hotspots in the UK

Whilst Southampton remains the Buy To Let (BTL) hotspot in the UK for investors, with yields of 8.73%, rental yields in Reading and Brighton at 12.8% and 12.6% higher than a year ago, are the fastest growing in the UK as young professionals move out of London. The highest yields available in London are found in Newham, Southwark and Brent, according to research by HSBC. Average yields in Reading...
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Growing your wealth with ISAs: why individual savings accounts can be great for your finances

It seems odd that in a general climate where there is so much controversy over foreign corporations paying no tax in the UK, pop stars using dubious tax avoidance schemes, and where there is a raging debate about whether “we are all in this together”, there sits in the middle of our tax system, the most wonderful and simple tax haven of all: the ISA. ISAs have morphed over time out of a...
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Homes worth £3 million or more to be hit hardest by proposed ‘Mansion Tax’

Those owning properties worth more than £3million will be hit with tax bills starting from £10,000 under a Labour government, according to research by the Institute for Fiscal Studies (IFS). Under the party’s mansion tax plans, homes worth between £2m and £3m would attract around £3,000 in liabilities, but properties worth above £3m will take a far greater hit in order to make up the £1.2bn...
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