June 2016 Newsletter
Since our last newsletter, there have been several momentous occurrences – Leicester City, defying all the odds to win the Premier League for the first time in history, Sadiq Khan being the first Muslim to be elected Mayor of London and Hillary Clinton being nominated as the first woman for the US Presidency.
Likewise, we trust you’ll find this mailing is packed full of newsworthy items for you to read and digest. Of course, the debate continues fiercely as to what Brexit would mean for the economy. By the time of our next monthly newsletter, we will at least know the verdict of the EU Referendum and whether we have actually chosen to Leave or Remain.
If you would like to discuss any of the issues raised or any other aspect of your financial planning with us, please do get in touch.
In this months issue:
Sun, sea, sand… and savings: Money tips for the summer months
Whilst the summer brings bright evenings and warm weather, it can also be a very expensive time of year. Handy tips to help you save money whilst the sun is shining (hopefully) are always welcome, as even the smallest savings can build up to give you a little extra cash at the end of each month. If you’re planning a holiday overseas, a specialist travel credit card is an excellent choice for spending abroad.
The unexpected financial influence of “The Bank of Mum and Dad”
Recently released data suggests that “The Bank of Mum and Dad” will lend out £5 billion this year to children looking to get on the UK property ladder. Parents will therefore be assisting in financing one in four of all UK mortgage transactions in 2016. The average loan amount will be £17,500, around 7% of the average purchase price, and parents are expected to provide deposits for more than 300,000...
What does property look like as an investment after 2016’s changes?
The buy-to-let market has already seen some significant changes in 2016, perhaps most significantly the increase in stamp duty on any property you own other than your primary home. What this means for those looking to invest their money in property is that the market may not offer the same kind of sound investment that property has generally always been considered.
The financial implications of Trump vs. Clinton
No matter what your personal feelings about those currently battling it out to be the 45th President of the United States of America, there’s no doubt that this campaign year will be remembered as one of the most unusual and unpredictable in history. Although the election won’t have a direct impact upon the UK, it’s fair to say that all eyes are likely to be on the US until November when we’ll find out just who will succeed Barack Obama.
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