Stamp Duty holiday has positive impact
Posted by siteadmin on Monday 7th of December 2020
The COVID-19 pandemic has had a significant impact on the property market, but latest figures indicate there are positive signs of growth following the introduction of the Stamp Duty holiday.
Property searches rise
Coinciding with the Stamp Duty cut July was the busiest month so far this year for mortgage searches. The largest rise occurred in the £500,000 - £1m region, with Stamp Duty savings making these properties more accessible. Remortgage levels have remained consistent with pre-lockdown levels and purchase levels have quadrupled. Se...
Business Protection. You need it more than ever
Posted by siteadmin on Monday 7th of December 2020
Prior to lockdown, over half (51%) of businesses had some form of debt, owing an average of £176,000 each – and yet just 20% used an insurance policy as security.
To add to this already significant issue, bank lending to struggling businesses via government-backed COVID-19 loan schemes reached nearly £52bn as of mid-August – meaning that UK businesses are more heavily indebted than ever.
Business loan protection
Business loan protection provides funds to repay a business loan, commercial mortgage, or a director’s loan if one of the compan...
Tax-free investing It's time to talk
Posted by siteadmin on Monday 7th of December 2020
With the first wave of Child Trust Funds maturing this year, there’s a great opportunity to talk to your children about the benefits of saving and investing.
If one of your children has recently celebrated their 18th birthday then there’s a good chance they’ll have some money in a Child Trust Fund (CTF), which they can now access for the first time. It could be worth thousands of pounds depending on how much you’ve contributed over the years.
Although this might sound like a brilliant present, the responsibility that comes with receiving a...
Happy 21st to the ISA
Posted by siteadmin on Monday 7th of December 2020
An Individual Savings Account (ISA) is a tax wrapper for your money. There are two main types available depending on the level of risk you’re prepared to take:
- Cash ISA
- Stocks and shares ISA
If you’re 16 or older you can have a Cash ISA, whereas Stocks and Shares ISAs are aimed at 18s and over. In both cases you’ll need to be a UK resident to be eligible.
The ISA was launched by then-Chancellor, Gordon Brown, on 6 April 1999, as successor to the TESSA (Tax-Exempt Savings Account) and PEP (Personal Equity Plan) and has now reached t...
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Posted by siteadmin on Friday 2nd of February 2018
Welcome to Mark Anthony Monk Financial Consultancy
Our aim is to offer a highly personalised service to our clients that will deliver what they expect in a clear and understanding fashion.
We are conscious that even for the experienced investor financial planning can prove daunting and complex. Our aim is to offer advice that is always personally tailored to reflect the individual needs and objectives of our clients and to provide a confidential professional advisory service of the highest standards.
We aim to build long term relationship...
