Auto Enrolment limits published for 2019/20

Matthew Barrand Auto-enrolment, Blog

The qualifying earnings band and earnings trigger amounts for auto enrolment have been published. The earnings trigger for 2019/20 will remain at £10,000 and the qualifying earnings band will be £6,136 – £50,000. The automatic enrolment earnings trigger determines who is eligible to be automatically enrolled into a workplace pension by their employer in terms of how much they earn. …

Taxation and Allowances

Matthew Barrand Blog, Tax

The personal allowance will increase from £11,850 to £12,500 in April 2019, a year earlier than originally planned. The threshold for paying higher rate tax will also rise from £46,350 in 2018-19 to £50,000 in 2019-20. Although there had been speculation that major changes to pension taxation might be in the offing, these didn’t materialise. However, the Lifetime Allowance will …

Brexit

Volatility & Brexit

Matthew Barrand Blog

Volatility is all part and parcel of investing in the stock market. 2018 saw the market experience lower volatility, as confidence grew, but in 2019, the bounce back in volatility was pronounced as unease over global events increased. To help navigate market volatility, it’s best to stick to your plan, diversify your holdings and very importantly, expect and accept volatility. …

UK interest rate rises for the first time in more than a decade

Shaun Love Interest Rate, Mortgages

For the first time in more than 10 years the Bank of England has raised interest rates. The official bank rate has been lifted from 0.25% to 0.5%, the first increase since July 2007.  The Bank cautioned that any future increases would be gradual and limited, but added that it stood ready to respond to changes in the economic outlook. …

Are you paying too much for your mortgage?

Shaun Love Mortgages

A recent survey conducted shows big differences between how different generations handle their mortgage affairs. Homeowners aged between 19-34 were more likely to hold a repayment mortgage (92%) than their over 55 counterparts (68%). Being on a repayment mortgage means that the size of the 19-34’s mortgage is gradually decreasing whereas 32% of over 55’s are only paying interest from …

Your Pension: Are you losing out by not moving?

Shaun Love Pensions

Research conducted by a leading pension provider has discovered that consumers nationally have lost £130 million because they have remained with their current lender. What does this mean for you? The research found that those who are not looking for the best deals with their pensions could be missing out on thousands of pounds in retirement. Ultimately, this means a …

First Time Buyers: Getting on to the property ladder

Shaun Love Mortgages

House prices have been increasing month on month for some time now, which has only increased the challenges that now face First Time buyers up and down the country. Whether it be struggling to build a deposit, or having sufficient income to pass affordability checks, which could be about to become harder following recent Bank of England announcements, First Time …

Re-mortgaging – A growing trend in a slowing market

Shaun Love Mortgages

Re-mortgaging your property has seen a year on year and, month on month increase for the month of April. Many people are seeing an opportunity to release equity from their home. On average, homeowners were re-mortgaging to raise £29,148 for them to use for home improvements or to clear other burdens. This is all happening when the mortgage market is …

Triple Lock – what is it and what does it mean?

Shaun Love Pensions

With the recent general election and the jockeying for our votes beforehand there was some discussions had in relation to our pensions. Specifically, there was much debate around the triple lock. This blog aims to help explain to you what the triple lock is, how it works and how it affects us. In simple terms, the triple lock is a …

Bespoke Specialist Lending for Residential and Buy to Let mortgages

Shaun Love Buy-to-Let, Mortgages

For some, the prospect of  a mortgage to help purchase a first or new home can feel almost impossible due to their credit history . However, there are a small number of lenders, who although they often offer rates higher than mainstream lenders are specialist in providing mortgages for such situations. We utilise  our  full understanding of the  individuals  circumstances, …