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Spectator.co.ukBuy-to-let investing just became a very, very bad ideaSpectator.co.ukGiven this, you might wonder, why on earth would 14.5 per cent of all mortgage lending in the UK in the third quarter of last year have been to buy-to-let investors? Good question. The answer (as is the case with everything to do with modern money) is ...
Telegraph.co.ukHow to prepare your investments for a market crashTelegraph.co.ukThe UK's index of leading shares has fallen 11pc so far this year and is down more than 20pc from its highs in April 2015. It is tempting to ... Reckitt Benckiser and Unilever are also defensive options, as sales of household and personal cleaning ...and more »
ForbesWho Pays For Your Credit Card Rewards? (It May Be You)ForbesIn 2014, the Federal Reserve Bank of Kansas City reported that the average merchant in the country pays around 1.73% of each credit card transaction to the issuer, card network and other bodies that handle the transaction of funds. ... As a result ...and more »
More UK RMBS swells pipelineGlobalCapitalTwo UK RMBS deals have joined the European ABS pipeline, with Nationwide mandating leads for a new deal from its Silverstone master trust, and Kensington Mortgage Company announcing a £790.5m securitization of UK mortgages purchased from GE ...
International Business Times UKUK house prices: Property prices in Bournemouth rocket amid 'silicon beach' hypeInternational Business Times UKThese include Help to Buy, which offers an interest free loan, an ISA topped up with public money or a mortgage guarantee from the Treasury; discounted "starter homes" for under-40s; and shared ownership schemes. However house building is still running ...and more »
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To Save or To Clear the Debts?

You may have noticed that your savings aren’t doing a lot to pay their way these days. Pensioners are badly hit as many of them use the interest from their life savings to pad out the weekly amount they get from the state. Many mortgage payers are happy as their payments have come down, but just about everyone else with savings is in the situation where the real value of their money is falling because interest payments aren’t as high as inflation.

 The average rate for UK instant access accounts including current accounts was around 0.17% at the end of February and we’ve had another cut in the Bank base rate of half a percent since then. Despite that, with credit hard for many people to come by; credit limits being cut by the card companies and worries about job losses, if you can, it’s best to have some savings on hand for an emergency. And the latest figures show that people are saving more. There’s nearly £1,000 billion of savings in our banks and building societies and another £90 billion in National Savings.  

In terms of interest you may as well keep your money under the bed – but then that’s probably the first place a cash strapped burglar is going to look. Fixed rate bonds pay slightly higher rates than instant access accounts. National Savings and Investments products are increasingly popular because people want to know their money is safe whatever the interest rates and they have a 100% government deposit guarantee. It’s never been more important to shop around and don’t be slow to move your money to higher interest rate paying accounts. Keep a close check on any accounts you do have to see what interest you are being paid. The financial pages of the newspapers are good for advice on which accounts are paying the best rates but these change frequently. 

Once you’ve got your emergency fund in place if there’s any money left over think about clearing expensive debts. There’s no point in having a lot of money sitting in an account getting 2.5% interest if you’re paying off loans or credit card accounts at interest rates in the high teens and 20’s. Homeowners are paying off their mortgages too. Some who’ve seen their monthly payments fall are continuing to pay at the old rate so that they clear their mortgages more quickly.

If you have a lot of savings think about getting some financial advice. Your money may not be doing as well for you as it could and a good Independent Financial Adviser can be worth his or her weight in gold. Visit more than one and choose the advice you feel happiest with. Family, friends and colleagues may be able to recommend advisers they’ve used and found helpful.

If you’re lucky enough to have money to put aside it’s time to take stock and nurture it so that it can nurture you back in the future.

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