Just when peer-to-peer bank Zopa was getting interesting again thanks to higher rates, it’s somewhat annoyingly announced plans to limit the kinds of loans you can make with your savings. The new regime will see one, two and four-year loan terms scrapped, with only 36 or 60 month loans being offered to borrowers. This means [...]
The Investor
This is the third article in a series on the key UK personal tax changes from April 2008. For the others, please see the introduction. Basic rate of income tax has been cut to 20% At last, something to cheer about! The world economy is in turmoil, banks are going belly up, and stock markets [...]
What to make of news that HSBC, the UK’s biggest bank, is offering new customers a mortgage matching deal from Monday 14 April, which will match expiring fixed-rate deals for another two years? Other banks are bolting and nailing shut closing their doors to business and putting their mortgage rates up. Have the senior bods [...]
This is my second article in a week long series on the key personal tax changes that came into affect in April 2008. For the others, please see the introduction to 2008 tax changes. 10% tax rate abolished Sunday saw the scrapping of the 10 per cent starter rate (also called the 10p rate) for [...]