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Thousands of homeowners with snowballing equity release debts could be paying an average of £30,000 over the odds because they are unaware they can switch to a cheaper rate. More than 300,000 homeowners owe money to an equity release provider after borrowing cash locked up in the value of their home. Yet while interest rates on offer now are at record lows of around 3 per cent, and the number of deals to choose from is at an all-time high, thousands of homeowners are still stuck on old rates of 6 per cent or more. Overpaying: Thousands of homeowners with snowballing equity release debts could be paying an average of £30,000 over the odds because they are unaware they can switch ....
More than 300,000 equity release customers could save an average £33k dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.
The Isa is a fantastic saving and investing invention. It wraps around your savings and investments, protecting them from tax on interest, profits and dividends, and is a wonderful way to build long-term wealth. To my mind, outside of the money you stash away for your pension, saving or investing into an Isa is a no-brainer. But the Isa system also needs a radical change, because it’s not up to scratch anymore. It s time to fix the Isa system to make it more suitable for the modern age and allow people to pay new money into more than one provider s version of each, says Simon Lambert ....
The crazy Isa rule where you can only pay into one account must change thisismoney.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisismoney.co.uk Daily Mail and Mail on Sunday newspapers.
Brian Dennehy, Fundexpert: Fly with British Airways I would invest in International Consolidated Airlines Group (IAG) – British Airways in old money. This share, listed in London, should be a reasonably straightforward way to double your money in 2021. Why? Well, there is massive pent-up demand for holidays while IAG shares are an obvious target for investors looking for a brighter 2021 and who have a lot of cash to put into the market – be it retail investors, UK institutions, or global investors who are massively under-invested in Britain. The big caveat, of course, is the virus taking a new and more dangerous path – so I would apply a stop-loss. I would sell the shares if they fall 15 per cent below my buying price – £1.60. So £1.36 and I m out. But I m confident I m backing a winner. ....