The pound has surged to its highest level in months this week. This comes on the back of the failure of the Scottish National Party (SNP) to win a majority in the country’s elections. The outcome effectively rules out the possibility of a second independence referendum for Scotland for the time being.
Let’s explore this in greater detail and see what a rising pound could mean for your finances.
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Who is responsible for the mortgage in a break-up?
When it comes to the mortgage, legal responsibility lies with the person or persons named on the mortgage agreement.
So if either you or your ex are the named person, then this is the person responsible. Alternatively, if you are both named, then you have a joint mortgage and you have equal responsibility.
What happens if you have a joint mortgage and split up?
As such, the legal responsibility remains despite any relationship breakdown. So if you have a joint mortgage and you split up, you are still both responsible for making sure the repayments are paid on time.
What are crypto NFTs?
NFTs are a branch coming out of the cryptocurrency system. You can think of them almost like a spin-off series of the main show.
The letters stand for ‘non-fungible tokens’. Bear with me, I realise that must look like mumbo jumbo.
A non-fungible token just means that it is one of a kind. So every non-fungible token is completely unique and cannot be replicated. These tokens are mainly built and used on the Ethereum blockchain network. Ethereum is a network with its own type of cryptocurrency called Ether (ETH).
How do NFTs work?
They mostly operate as an added layer on top of the Ethereum network. This just makes them a bit easier, cheaper, and faster to transact. A good way to picture them is as digital collectibles.