Your basket is currently empty!
Author: amoore70
Taking a look at business critical illness cover
Business critical illness cover is an insurance policy designed to protect businesses against the financial impact of an owner or key employee being diagnosed with a serious illness. This type of insurance is particularly important for small to medium-sized enterprises (SMEs) that heavily rely on a few individuals for their success and continuity. In the… Read more
Gifts and how they affect IHT
In the UK, Inheritance Tax (IHT) may be payable on gifts made during a person’s lifetime if they pass away within seven years of making the gift. The rules governing IHT on gifts include various exemptions and reliefs designed to reduce the potential tax liability. Here’s an overview of the key rules and exemptions: Key… Read more
UK Tax Residency explained
The rules on tax residency in the UK are primarily determined by the Statutory Residence Test (SRT), which establishes whether an individual is a tax resident in the UK for a given tax year. The SRT consists of three main parts: 1. Automatic Overseas Tests You are automatically considered non-resident for the tax year if… Read more
Support for mortgage interest loans (SMI) explained
Support for Mortgage Interest (SMI) is a government scheme in the UK that provides financial assistance to help cover the interest payments on a mortgage or other home loans. The scheme is designed to support homeowners who are receiving certain income-related benefits and are struggling to pay their mortgage interest. Here’s a detailed explanation of… Read more
Intermediation and disintermediation explained
In the context of UK mortgages, “intermediation” and “disintermediation” refer to the involvement of intermediaries (usually mortgage brokers) in the mortgage process. Intermediation Intermediation in the UK mortgage market involves the use of intermediaries, typically mortgage brokers, who act as middlemen between borrowers and lenders. Disintermediation Disintermediation in the UK mortgage market refers to the… Read more
Spray foam insulation – is it worth it?
Spray foam insulation is a type of insulation material used to improve the energy efficiency of buildings by sealing gaps, cracks, and voids in walls, ceilings, floors, and other areas. In the UK, spray foam insulation is becoming increasingly popular due to its effectiveness in reducing heat loss, improving indoor comfort, and lowering energy bills.… Read more
When is the best time of the year to sell a property?
The best time to sell a property in the UK can vary depending on various factors, including market conditions, seasonal trends, and individual circumstances. However, there are a few general considerations to keep in mind when determining the optimal time to sell: Spring (March to May): Summer (June to August): Autumn (September to November): Winter… Read more
Village living – the pro’s and con’s
Living in a village in the UK offers a unique lifestyle that appeals to many people seeking a sense of community, tranquility, and connection to nature. However, village life also comes with its own set of advantages and disadvantages. Here’s an overview of the pros and cons of living in a village in the UK:… Read more
Gambling and the impact on mortgage applications
Will my gambling habit affect my mortgage application? Yes, gambling can indeed affect mortgage applications. Lenders in the UK scrutinize an applicant’s financial behavior closely, and gambling activities can raise red flags that may impact the approval process for a mortgage. Here’s how gambling can influence your mortgage application: 1. Impact on Creditworthiness 2. Assessment… Read more
How much value is added to a property after installing gas central heating?
Adding gas central heating to a house in the UK is one of the most effective ways to increase its value and appeal. In a country where cold and damp winters are a regular occurrence, having a reliable heating system is not just a comfort but often a necessity. But how much value does it… Read more