Mark Williams's Blog – May 2011 Archive (5)

Equity Release - the great misconceptions

Lifetime mortgages, or Equity Release as it is better known, remains for the public who are close to, or in retirement, one of the least understood areas of property finance.

Yet for the over 55’s who are asset rich and cash poor, it is still a very effective way of helping realize ideas, plan inheritance properly – or in some circumstances, making ends meet as sadly trying to pay for your shopping with…

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Added by Mark Williams on May 30, 2011 at 13:00 — No Comments

Bank of England must raise rates this year, OECD warns

The Telegraph reports today that The Bank of England should raise interest rates before the end of the year or risk letting inflation run out of control, the Organisation for Economic Co-operation and Development has warned.

Despite downgrading its growth forecast for the UK for the third time in six months, it said:…

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Added by Mark Williams on May 26, 2011 at 9:30 — No Comments

The British are failing to secure their family's future

Britons are failing to prepare properly for the prospect of death with many failing to secure the fate of their families and money, a report has said.

According to new research the nation's post-life planning is in a shocking state with almost two thirds (61%) of people not having a will, while one in ten of those with a will have told no-one else where it is.…

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Added by Mark Williams on May 25, 2011 at 10:00 — No Comments

Rates are going up whether we like it or not

Families should plan for interest rates to rise gradually over the next two years, the Bank of England's chief economist signalled in an interview with the Financial Times.

Spencer Dale also made it clear that he personally foresaw a difficult outlook for the economy, saying he favoured an immediate interest rate rise even though the recovery is fragile.

Mr Dale is a member of the Bank's…

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Added by Mark Williams on May 23, 2011 at 13:00 — No Comments