Q. My mother took out a Lifetime Mortgage around 8 years ago. Now she wants to move home, and repay the loan, but the amount built up in interest and penalties is almost double the amount she borrowed. Surely this cannot be right? A. A Lifetime Mortgage is a type of loan aimed at elderly people with… Read more »
Topic’s covered this week: Storm in ‘Chinese tea cup’ postpones summer lull UK economy plodding along nicely, but house prices worry IEA: No oil demand/supply balance till Q4 2016 3rd Greek bailout terms agreed (in principle) Google’s new Alphabet sets out long-term plan For the latest Market Comment please click below: Tatton’s Weekly 14 August… Read more »
Q. Last week you mentioned the reduction in the amount protected if a bank goes bust from £85,000 to £75,000 from 1st January 2016. I am worried because I am currently acting as executor for my late brother, and we have to gather together all his assets from different sources into one account before distributing them… Read more »
Topic’s covered this week: RBS share sale: UK’s financial system takes another positive step Europe strengthens again BoE minutes suggest no imminent rate rise Apple’s correction hits US stocks Commodity prices hit bear market levels For the latest Market Comment please click below: Tatton’s Weekly 7 August 2015
Q. I run a small Limited Company employing three staff. Most of my personal income is made up from dividends from the Limited Company. Am I right in assuming that I will experience a rise in taxes next year because of the recent budget? A. Yes most likely, depending upon the level of income you take… Read more »
