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.
As we continue to look at the financial challenges faced by millennials, it is hard to ignore the issue of property ownership as one of the key concerns amongst today’s Generation Y.
Whilst many millennials in their twenties and thirties are taking steps to try and navigate the current economic landscape, there is more that can be done. In this article, we offer some practical information and strategies on how millennials can help improve their chances of a wealthier, and therefore more secure, future.
Born between 1980 and 2000, today’s millennials (also known as Generation Y) range from 18 to 38 years of age. While the economic challenges of our time haven’t been as severe as those faced eighty years ago, the uncertainty surrounding our economy does not appear to be helping this generation plan for their futures.
In addition to our sponsorship of grassroots sports, we also support the Head and Neck Cancer Unit at Guy’s Hospital, London.