Mortgage Rates: Bank of England predicts further fall in rates

Cash ISA interest rates plummet to new low_istockThe Bank of England (BoE) has revealed, that banks and building societies expect mortgage rates to fall even further within the next few months. In the recent credit conditions survey conducted by the Bank, it was revealed that borrowing rates for homeowners have fallen in the first quarter of 2013; the third consecutive quarter rates have dropped....

SSAS: Is a SSAS business loan a viable alternative to your bank?

Is a SSAS business loan a viable alternative to your bankOver the past few years the banks have come under almost constant criticism for apparently holding back lending to small businesses and that when they do offer a loan, the terms are so onerous that the business owner decides against proceeding. So, whilst many businesses of all sizes do want to borrow to expand, they are often hamstrung by the banks. For some companies though, there is a possible alternative; a ...

Savings: Interest rates continue to plummet

UK Savers are being hit by a wave of interest rate cuts, caused partly by a new scheme to encourage banks to lend to mortgage borrowers and small businesses. The interest rate cuts, of up to a tenth over the past month, have hit all types of savings accounts, including fixed rate cash ISAs, SIPP deposit accounts, and deposit accounts for businesses. Our advisers can help you get your savings working harder for you...

Pensions: Nearly 50% of self-employed people have no pension

In the week that auto enrolment started for employees, a new survey has shown just how poor pension provision is amongst the self-employed. New research from Prudential has found that 46% of the self-employed, equivalent to 1.3 million people, have no private pension provision. The self-employed have traditionally had to make their own provision for retirement, having no access to occupational pensions or indeed the new system of auto enrolment; however the lack of provision amongst this group will come as a shock to many....