In today's fast-paced world, many homeowners face financial challenges when it comes to their home loans. If you're one of them, you're not alone. The good news is that there's a financial strategy that could help provide some relief: selling your home and then renting it back. Initially, it might sound a bit unusual, but this approach can offer immediate financial relief, help you avoid the...
In the realm of personal finance and debt management, the term "statute barred debt" often crops up. But what exactly does it mean, and how does it affect individuals in debt?
In this post, we will dive into the concept of statute barred debt, explaining what it entails and what you should be aware of when dealing with it.
Recessions, whether caused by global crises or local economic factors, can be daunting for landlords. During these challenging times, property owners often grapple with declining rental demand, potential tenant financial struggles, and increased competition in the rental market. However, by implementing effective strategies, landlords can navigate recessionary periods and ensure the stability...
The digital era has ushered in transformative changes across various facets of our lives, including the way we conduct financial transactions. At the forefront of this digital revolution is cryptocurrency, a cutting-edge form of digital currency that is rapidly reshaping the landscape of online payments.
To give you the low-down on this ongoing revolution, we'll embark on an exciting...
Taking those first steps into investing can seem daunting. Volatility, risk, and horror stories can make new investors hesitant to enter the markets. But building even a modest investment portfolio is one of the smartest ways to secure your financial future. The key is educating yourself and sticking to proven, straightforward strategies that limit risk while optimising returns. Here are key...
Legal & General surveyed over 2,000 individuals with children aged 6–16 years old to find out how modern-day parents across the UK approach teaching their children important financial lessons.
Financial skills matter
The majority of parents feel financial skills are important (95%) - and most of them (90%) have talked about financial matters, such as budgeting and saving...
Your credit score uses statistics by lenders to conclude your creditworthiness. In other words, it can be used as a tool to indicate how much risk would be associated with lending you money and receiving timely repayments. It can help with or hinder your ability to access certain products, such as credit cards, loans and mortgages. This is why it shouldn’t be dismissed, as a poor credit score...
The United Kingdom, renowned for its rich history, diverse culture, and dynamic business environment, has always magnetised foreign investors. Particularly for those from nations with strong currencies (and economies) like the Emirates, Saudi Arabia, USA, Germany, Switzerland, France, Portugal, and Oman, the allure of the UK property market is undeniable. A crucial factor behind this appeal...
Over the past few years, the UK has witnessed a significant shift in the way people purchase cars. Gone are the days when the majority would save up for years to make an outright purchase. Today, car financing has emerged as the preferred choice for many, offering a flexible and accessible route to owning a new or nearly new vehicle.
It’s been a tough time for UK households for a good long while now. Bills have been going up, and it seems like food prices are set to stay high for some time . Everyone is looking for ways they can cut costs while still being able to go about their everyday lives. Owning a car is essential but it’s also a significant financial commitment.
