Breaking news
High-flying fund manager Baillie Gifford has significantly reduced its Tesla share holdings across at least 11 of its funds and investment trusts, including Scottish Mortgage. The Edinburgh-based fund manager, which was Tesla’s largest external investor with a 7.7 per cent stake as recently as last year, sold off shares during January, This is Money research … Read more
My grandparents have kindly offered to pay off a six-figure sum off our mortgage. We are due to remortgage in the coming months and although I’m blown away by their potential act of extreme financial kindness, I worry we will have a tax sting further down the line. Essentially, my grandfather is a successful business … Read more
A fifth of Britain’s wealthiest people are TURNED DOWN for mortgages despite having hundreds of thousands in the bank Not having a monthly pay slip means they struggle with ‘tick box’ applications Wealthy individuals also have issues applying for overdrafts and credit cards The problem has become worse, according to survey by a mortgage provider … Read more
The term Rio might initially bring to mind the colourful Brazilian city, or for fans of Duran Duran, a lady who dances on the sand. In mortgage terms, however, it refers to a Retirement Interest Only mortgage – a product which allows older homeowners to only pay the interest on their home loan until they … Read more
Mortgage approvals for house purchases hit their highest level since the financial crisis last year, as the stamp duty holiday and socialising restrictions kept buyers engaged with their search for a new home. There were a total of 103,400 approvals for new mortgages in December 2020, bringing the total for 2020 up to 818,500, according … Read more
Forget the eyes – nowadays, it is our internet searches that provide a window into the soul. We often turn to search engines to ask the questions that are on our minds, whether we’re just looking for a quick answer or because it’s something we are embarrassed to ask in person. Now, Britons’ most common … Read more
The difference in interest rates between two and five-year fixed mortgages is the smallest it has been since 2013, according to new figures. In 2020, the average annualised rate gap was just 0.27 per cent, according to data from comparison site Moneyfacts. Traditionally, two-year fixes have been popular with buyers because their rates were much … Read more
One in four homeowners is paying their lender’s highest mortgage rate – and some even think it helps them pay off their loan faster… Borrowers could save £4,080 per year by ditching their standard variable rate This is the ‘default’ rate when your initial term ends and it can be up to 6% Some thought … Read more
Which is the better investment to hold, one that returned 17 per cent last year or one that returned 110 per cent? That’s a no brainer, isn’t it? Of course, you’d take the one that more than doubled your money. It’s not a theoretical question though; it’s one based on the 2020 tale of two … Read more
A new mortgage lender is planning to offer UK borrowers the ability to fix the rate of interest on their mortgage for up to 30 years. Perenna, which raised £7.3million during its latest funding round and plans to launch this summer, wants to bring ‘fixed for life’ mortgages to the UK market. UK borrowers will … Read more