Money Tips Daily By Charles Kelly, Former Ifa And Author Of Yes, Money Can Buy You Happiness.

The Bank of England (BoE) and Federal Reserve have hinted that further rate rises are on the cards in order to tame rising inflation. Join me online on my free live money management training. Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH Today’s Podcast Summary ·        Wholesale market rates point to a rate rise. ·        Inflation in the UK is currently 10.1%. ·        The BoE inflation target rate is 2%! ·        What do you think the BoE are going to do? ·        This will officially put the economy into recession, cause property prices to fall and more homeowners lose their houses through repossession. ·        Do they care? ·        RICS report predicts a fall in property prices of around 5%. ·        Opportunities for first time buyers and property investors as prices fall. ·        Blackstone have just raised $30 billion to buy property. What is your biggest money worry? Watch video version https://youtu.be/ziTf2jOagB8 We are living in challenging economic

Interest Rates Will Rise, Property Prices Will Fall And Opportunities Will Open Up The Bank of England (BoE) and Federal Reserve have hinted that further rate rises are on the cards in order to tame rising inflation. Join me online on my free live money management training. Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH Today’s Podcast Summary ·        Wholesale market rates point to a rate rise. ·        Inflation in the UK is currently 10.1%. ·        The BoE inflation target rate is 2%! ·        What do you think the BoE are going to do? ·        This will officially put the economy into recession, cause property prices to fall and more homeowners lose their houses through repossession. ·        Do they care? ·        RICS report predicts a fall in property prices of around 5%. ·        Opportunities for first time buyers and property investors as prices fall. ·        Blackstone have just raised $30 billion to buy property. What is your biggest money worry? Watc

Residential rents in the capital soar by almost 20% as workers return to the city.    London Mayor Khan wants the government to give him powers to impose a cap on rents, but is that the answer or will more regulation exacerbate the shortage of available rental properties?   Tens of thousands of landlords are quitting the market and estate agents Knight Frank estimated that 144,000 landlords have retired in the last year.   See ⁠85,000 UK Landlords have quit the rental market⁠ - ⁠https://youtu.be/NME3nEu8dAQ⁠ Furthermore, higher interest rates and mortgage restrictions have rendered many buy-to-let property deals unviable.   Buy-to-let landlords have had to contend with higher taxes, and more red tape in the last few years, prompting many to look for alternative business opportunities.   Watch video - ⁠https://youtu.be/rxqPIXYaLAc⁠   There are signs that the government may be getting the message.   According to as yet unsubstantiated rumours, the government may be pushing back its planned introduction of

The Institute for Fiscal Studies (IFS) is planning a pensions review following research which highlighted concerns about the "substantial risks" facing future pensioners. Watch video - ⁠https://youtu.be/_7_cd2UWUEg⁠ Summary ·        The multi-year review will examine the effects of changing economic conditions and public policies on the future of financial security in retirement, including how these effects differ by gender, ethnicity and across the UK. ·        The review will also consider the impact of changing demographics and longevity trends, as well as the impact on self-employed workers. ·        Reports will be shared over the next two years, with concrete recommendations and options for reform to be presented in Summer 2025. ·        IFS research revealed that 60% of middle-earning private sector employees who are contributing to a pension are saving less than 8% of their earnings. Additionally, nearly 90% are saving less than the 15% of earnings previously recommended by Lord Turner’s Pe

The Institute for Fiscal Studies (IFS) is planning a pensions review following research which highlighted concerns about the "substantial risks" facing future pensioners. Watch video - https://youtu.be/_7_cd2UWUEg Summary ·        The multi-year review will examine the effects of changing economic conditions and public policies on the future of financial security in retirement, including how these effects differ by gender, ethnicity and across the UK. ·        The review will also consider the impact of changing demographics and longevity trends, as well as the impact on self-employed workers. ·        Reports will be shared over the next two years, with concrete recommendations and options for reform to be presented in Summer 2025. ·        IFS research revealed that 60% of middle-earning private sector employees who are contributing to a pension are saving less than 8% of their earnings. Additionally, nearly 90% are saving less than the 15% of earnings previously recommended by Lord Turner’s Pens

London Rents Jump By 20% As Mayor Khan Calls For Rent Controls   Residential rents in the capital soar by almost 20% as workers return to the city.    London Mayor Khan wants the government to give him powers to impose a cap on rents, but is that the answer or will more regulation exacerbate the shortage of available rental properties?   Tens of thousands of landlords are quitting the market and estate agents Knight Frank estimated that 144,000 landlords have retired in the last year.   See 85,000 UK Landlords have quit the rental market - https://youtu.be/NME3nEu8dAQ Furthermore, higher interest rates and mortgage restrictions have rendered many buy-to-let property deals unviable.   Buy-to-let landlords have had to contend with higher taxes, and more red tape in the last few years, prompting many to look for alternative business opportunities.   Watch video - https://youtu.be/rxqPIXYaLAc   There are signs that the government may be getting the message.   According to as yet unsubstantiated rumours, the

Michael Gove, the UK's Secretary of State for Environment, Food and Rural Affairs, has proposed new regulations for short-term rentals in holiday resorts, including those listed on Airbnb. Join me online on my free live money management training Wednesday 8.00PM https://bit.ly/3QPp8IH These regulations aim to address concerns over the impact of such rentals on the availability and affordability of housing in these areas. House prices have surged in popular coastal beauty spots in parts of Devon, Cornwall and Norfolk as investors swoop up property for holiday lets as higher rents. Under the proposed rules, local councils would have the power to require property owners to obtain planning permission before renting out their homes for short periods. This would allow councils to regulate the number of short-term rentals in an area, and to ensure that they do not have a negative impact on the availability of long-term housing. Watch video version - https://youtu.be/QvkdXPYjRMw The regulations would also requir

A Lifetime ISA Is Ideal For First Time Property Buyers To Earn £1,000 Tax Free Bonus Use or lose your £1,000 tax free bonus before 5 April... First-time property buyers can use a Lifetime ISA (Individual Savings Account) to buy their first home or save for retirement. You should be 18 or over but under 40 to open a Lifetime ISA. Watch video version - https://youtu.be/T4N8Drjy9ng You can invest up to £4,000 each year, until you’re 50, but you must make your first payment into your ISA before you’re 40. The UK government will add a 25% bonus to your savings, up to a maximum of £1,000 per year. See full details on government website. Need more help with your money, finances or debt? We are living in challenging economic times. I want to show you how can you: ·        Not only survive, but thrive in a recession or depression? ·        Get control of your finances and spending? ·        Save and invest for your future? ·        Learn about money and finance? To help you, I am running a free training webinar. 

A Lifetime ISA Is Ideal For First Time Property Buyers To Earn £1,000 Tax Free Bonus Use or lose your £1,000 tax free bonus before 5 April... First-time property buyers can use a Lifetime ISA (Individual Savings Account) to buy their first home or save for retirement. You should be 18 or over but under 40 to open a Lifetime ISA. Watch video version - https://youtu.be/T4N8Drjy9ng You can invest up to £4,000 each year, until you’re 50, but you must make your first payment into your ISA before you’re 40. The UK government will add a 25% bonus to your savings, up to a maximum of £1,000 per year. See full details on government website. Need more help with your money, finances or debt? We are living in challenging economic times. I want to show you how can you: ·        Not only survive, but thrive in a recession or depression? ·        Get control of your finances and spending? ·        Save and invest for your future? ·        Learn about money and finance? To help you, I am running a free training webinar. 

Last week, the Bank of England announced an interest rate hike of 0.25%, which will have a significant impact on the UK property market. The change will impact mortgages, remortgages, and first-time buyers, and it comes just in time for the last day of the Help to Buy scheme. Join me online on my free live training Wednesday at 8.00PM. Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH Money Tips Podcast guest, Miriam Nawagamuwa CeMAP, Mortgage and Protection Advisor with Larkin Financial Services Ltd gives her expert views on the mortgage market. Fixed-rate mortgages will remain unaffected by the interest rate hike, which is good news for those who have locked in their mortgage rates for a fixed period. However, for those who are looking to remortgage, this could mean an increase in monthly payments. Watch YouTube Video Podcast Version: https://youtu.be/iRrL3GRY3-8 The Bank of England's interest rate hike is a response to rising inflation, which has been fuelled by

Last week, the Bank of England announced an interest rate hike of 0.25%, which will have a significant impact on the UK property market. The change will impact mortgages, remortgages, and first-time buyers, and it comes just in time for the last day of the Help to Buy scheme. Join me online on my free live training Wednesday at 8.00PM. Places are limited, so ⁠register now⁠ below to avoid disappointment. ⁠https://bit.ly/3QPp8IH⁠ Money Tips Podcast guest, Miriam Nawagamuwa CeMAP, Mortgage and Protection Advisor with Larkin Financial Services Ltd gives her expert views on the mortgage market. Fixed-rate mortgages will remain unaffected by the interest rate hike, which is good news for those who have locked in their mortgage rates for a fixed period. However, for those who are looking to remortgage, this could mean an increase in monthly payments. Watch YouTube Video Podcast Version: ⁠https://youtu.be/iRrL3GRY3-8⁠ The Bank of England's interest rate hike is a response to rising inflation, which has been fuell

Last week, both the Federal Reserve in the United States and the Bank of England announced a 0.25% interest rate hike. This move comes in response to rising inflation and a strengthening economy. While interest rate hikes may be good news for savers, they can also have a significant impact on the mortgage and property market. Join me online on my free live training Wednesday at 8.00PM. https://bit.ly/3QPp8IH One of the most immediate impacts of the interest rate hike will be on fixed-rate mortgages. These mortgages are often preferred by buyers because they provide a predictable monthly payment over the life of the loan. However, when interest rates rise, the cost of borrowing increases, which means that fixed-rate mortgages will become more expensive. This may make it more difficult for some buyers to qualify for a mortgage, or force them to adjust their budget to afford a higher monthly payment. Watch video version - https://youtu.be/wgEq0y4X5Xw The interest rate hike could also impact the demand for homes

Last week, both the Federal Reserve in the United States and the Bank of England have announced a 0.25% interest rate hike. This move comes in response to rising inflation and a strengthening economy. While interest rate hikes may be good news for savers, they can also have a significant impact on the mortgage and property market. Join me online on my free live training Wednesday at 8.00PM. https://bit.ly/3QPp8IH One of the most immediate impacts of the interest rate hike will be on fixed-rate mortgages. These mortgages are often preferred by buyers because they provide a predictable monthly payment over the life of the loan. However, when interest rates rise, the cost of borrowing increases, which means that fixed-rate mortgages will become more expensive. This may make it more difficult for some buyers to qualify for a mortgage, or force them to adjust their budget to afford a higher monthly payment. Watch video version - https://youtu.be/wgEq0y4X5Xw The interest rate hike could also impact the demand for h

Another bank bailed out while Paris burns. 3 Steps To Success Money Management! Join me online on my free live training Wednesday at 8.00PM. Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH As expected, Jeremy Hunt’s first budget did little to excite investors and the property industry. Watch YouTube video - https://youtu.be/igKUWeiF4W4 With the country still recovering from the events of the last two years and massive Government debt there was not much money to give away in this budget. Chancellors usually save that for a pre-election budget! Jeremy Hunt highlighted concerns about the banking sector, following the collapse of America’s Silicon Valley Bank, Signature Bank and a further bailout by the US banks, but reassured us that the UK banking industry is safe. European Central Bank supervisors see no contagion for euro zone banks from recent sector turmoil, a source said on Friday, after U.S. lenders threw First Republic Bank a $30 billion lifeline and tapped recor

Another bank bailed out while Paris burns. 3 Steps To Success Money Management! Join me online on my free live training Wednesday at 8.00PM. Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH As expected, Jeremy Hunt’s first budget did little to excite investors and the property industry. Watch YouTube video - https://youtu.be/igKUWeiF4W4 With the country still recovering from the events of the last two years and massive Government debt there was not much money to give away in this budget. Chancellors usually save that for a pre-election budget! Jeremy Hunt highlighted concerns about the banking sector, following the collapse of America’s Silicon Valley Bank, Signature Bank and a further bailout by the US banks, but reassured us that the UK banking industry is safe. European Central Bank supervisors see no contagion for euro zone banks from recent sector turmoil, a source said on Friday, after U.S. lenders threw First Republic Bank a $30 billion lifeline and tapped recor

The UK mortgage market is constantly evolving, with new economic factors shaping the landscape. As of the start of 2023, there are several notable updates to the UK mortgage market that potential buyers and homeowners should be aware of. Interview with Mortgage Advisor Miriam Nawagamuwa CeMAP Watch full interview video - https://youtu.be/uq8NL21Eubk One of the biggest changes is the increase in interest rates. The Bank of England has been hiking its base rate since 2021 to 4%, the highest in 14 years. Mortgage rates have risen substantially, making borrowing more expensive. However, there are still competitive rates available for those with good credit scores and larger deposits or equity. In addition to interest rates, the UK mortgage market is also seeing increased competition among lenders. More and more online-only banks are entering the market, offering lower rates and faster application processes. This is good news for borrowers, given them more options to choose from when shopping for the best mortgage

The UK mortgage market is constantly evolving, with new economic factors shaping the landscape. As of the start of 2023, there are several notable updates to the UK mortgage market that potential buyers and homeowners should be aware of. Interview with Mortgage Advisor Miriam Nawagamuwa CeMAP Watch full interview video - https://youtu.be/uq8NL21Eubk One of the biggest changes is the increase in interest rates. The Bank of England has been hiking its base rate since 2021 to 4%, the highest in 14 years. Mortgage rates have risen substantially, making borrowing more expensive. However, there are still competitive rates available for those with good credit scores and larger deposits or equity. In addition to interest rates, the UK mortgage market is also seeing increased competition among lenders. More and more online-only banks are entering the market, offering lower rates and faster application processes. This is good news for borrowers, given them more options to choose from when shopping for the best mortgage

US regulators have taken control of Silicon Valley Bank (SVB) as a liquidity crisis caused to biggest bank failure since the 2008 Crisis. Watch YouTube video - https://youtu.be/l3D9cerC1to Join me online on my free live training Wednesday at 8.00PM - register now below to avoid disappointment https://bit.ly/3QPp8IH The Bank of England said depositors in the UK arm of SVB will be protected up to £85,000 and the US regulators protect depositors up to $250,000. This will not help firms like Roku which is reported to have had $487 million in SVB. Here in the UK, the media is concentrating on more far important issues than the failure of America’s 16thlargest bank, Gary Lineker! The MOTD football presenter, who is paid in excess of £1,000,000 a year for his weekly show, was suspended by the BBC this week after tweeting remarks about the government’s migrant policy. Several other presenters have walked out in sympathy with Lineker wrecking the BBC’s weekend football schedule. The demise of SVB, which started in 198

US regulators have taken control of Silicon Valley Bank (SVB) as a liquidity crisis caused to biggest bank failure since the 2008 Crisis. Watch YouTube video - https://youtu.be/l3D9cerC1to Join me online on my free live training Wednesday at 8.00PM - register now below to avoid disappointment https://bit.ly/3QPp8IH The Bank of England said depositors in the UK arm of SVB will be protected up to £85,000 and the US regulators protect depositors up to $250,000. This will not help firms like Roku which is reported to have had $487 million in SVB. Here in the UK, the media is concentrating on more far important issues than the failure of America’s 16thlargest bank, Gary Lineker! The MOTD football presenter, who is paid in excess of £1,000,000 a year for his weekly show, was suspended by the BBC this week after tweeting remarks about the government’s migrant policy. Several other presenters have walked out in sympathy with Lineker wrecking the BBC’s weekend football schedule. The demise of SVB, which started in 198

10 Ways To Earn Recurring Income Streams In these times of economic uncertainty and turmoil, Money Tips looks at ways to generate and earn recurring income streams. Join me online on my free live training Wednesday at 8.00PM. https://bit.ly/3QPp8IH 1. Rent out property or equipment 2. Invest in dividend-paying stocks or funds 3. Create and sell a product or service on a subscription basis 4. Offer consulting or coaching services 5. Create and sell an online course or e-book 6. Develop and sell a mobile app or website 7. Invest in a franchise or cash flowing business 8. Become an affiliate marketer selling other people’s products 9. Create and sell a physical or digital product on a recurring basis 10. Build and monetize a YouTube or social media following. Watch video version - https://youtu.be/MvzVRB3_Cac Need more help with your money, finances or debt? We are living in challenging economic times. I want to show you how can you: · Not only survive, but thrive in a recession or depression? · Get control of y