InvestingProperty

How Do Mortgages Work In The UK?

December 2, 2020
So you are thinking about buying a home; good for you! If you are a first-time buyer in the UK, you probably do not have the cash to buy a house outright. Instead, you will probably take out a mortgage to pay the bills. If you are thinking about taking out a mortgage, then you are probably wondering how the process works. You need to think very carefully before securing other debts against…
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Investing

Buying vs Leasing a Car (UK): Who Wins?

November 3, 2020
Leasing a car has become a popular option in recent years in the UK. In 2019, the car leasing market grew by nearly 13% and leasing is starting to have an edge on buying. So if you are thinking of getting a car, you have probably considered leasing one or buying…
InvestingProperty

Is 2021 A Good Time to Remortgage? (UK)

August 30, 2020
If one thing is clear, the past couple years will go down in the history books as a year of significance. With unexpected situations comes financial uncertainty. But, despite this economic uncertainty, it still might be a good idea to remortgage your home in the UK. The Bank of England cut Interest rates to a record-breaking low of 0.10%, which means that mortgage payments will fall for many.
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InvestingRobo Advisers

How Do Robo Advisers Make Money? (And Should You Use One?)

August 2, 2020
It’s happened to most of us. Your neighbour or coworker just told you about an app that helps you generate passive income. All you have to do is invest, and slowly you will watch your savings grow without doing anything or speaking with anyone. Tempting, right? Of course, with a healthy bit of scepticism, many of us wonder, “Well, what’s in it for them?”, or “How do robo advisers…
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InvestingProperty

Real Estate Investing in Your 20s (7 Essential Tips)

August 2, 2020
For many people, the idea of investing in real estate in your 20s sounds absurd. After all, most people in their 20s are just starting out and may not have large amounts of money needed to invest in properties. In fact, the majority of those in their 20s are focused on…
InvestingStrategies

What Is SIPP? (An Ultimate Guide To SIPP UK)

February 5, 2020
TL;DR: A Self-invested personal pension (SIPP) is a tax-advantaged retirement account in the UK. SIPPs give individuals the freedom to invest in a wide range of securities and not just those approved by the company. You must be 55+ years old to withdraw from your SIPP.
InvestingProperty

How Much of Your Income Should You Spend on a Mortgage in the UK?

January 13, 2020
TL;DR: You should try to spend no more than 35% of your gross (pre-tax) income on your mortgage. A more conservative recommendation is no more than 25% of your gross income. If you are currently in the market for a house you will first need to figure out exactly how much you can afford. There are a lot of costs that go into buying a house and even a scrupulous planner can get overwhelmed…
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