Following the abolition of self-cert loans and 125 percent loan to value mortgages, the self-employed and small business owners have regularly faced additional hurdles when it comes to borrowing.
Following the tariffs imposed by the US on $50billion worth of Chinese goods back in July, President Trump has announced tariffs on a further $200billion of imports which will take effect next week.
Whilst becoming a landlord is nothing out of the ordinary, not everyone who has a property to rent out is in that position because of purchasing a second property on a buy-to-let mortgage.
Following a second interest rate rise in August 2018 – the previous being in November 2017 – many homeowners on standard variable rate and tracker mortgages will have seen their monthly payments go up.
Following former Chancellor George Osbourne’s decision to tighten the purse strings on the profitability of the buy-to-let sector, some landlords across the UK have seen their taxes rise, their profits decrease and their choice of buy-to-let mortgages restricted as lenders increase their interest coverage ratios.
In the final part of our millennials campaign, we explore one route of investment that has proven particularly appealing to today’s Generation Y – Socially Responsible Investment, or SRI.
With interest rates sitting so low, placing savings into a traditional bank account is only going to generate minimal returns. Instead, here are a range of investment options that millennials can easily engage in, that could get their money working as hard as they do.