While the US’s softer than expected inflation reading on 11th October brought a small flicker of stability to stock market activity, continued concerns over the US/China trade agreements, a tight labour market and rising oil prices are all pointing towards a potentially unsettling time ahead for investment markets.
While one of the biggest attractions of self-employment is being your own boss, from a pensions viewpoint, it could be a disadvantage. Since auto-enrolment came into force, all eligible employees will benefit from having their pension pots boosted by contributions from their employer. If you are self-employed, however, you will not have an employer adding money to your pension pot in this way.
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.