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What fees will I have to pay when I buy a house?
Unfortunately, it's not only the deposit you have to save for there are also fees and some may surprise you. These include: Stamp duty… as in tax paid to the government depending on the value of the…
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How can I improve my chances of getting a mortgage?
Check your credit file to ensure that it is correct and complete. It should contain at least six years address history and your name, current address and date of birth should be correct. If you…
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How to start a personal budget that works for me?
This can be done in 4 simple steps: 1. Write down all your necessary monthly expenses, think: rent/mortage, home bills, commute to work, nursery school fees … And, add these up. 2. Subtract the total…
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Do I have to pay tax on any interest I earn?
The government consider interest as a form of income and they will tax you in the same way as your salary BUT everyone has a personal saving allowance (PSA) which means we can…
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What is a Cash ISA?
A Cash ISA is a type of savings account where you can place your cash and pay no tax on the interest you earn. FYI, Help-to-Buy ISAs are also a type of Cash ISA. Side…
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I am buying a £400,000 home, do I have to pay stamp duty?
When buying a property which costs over £300,000 you have to pay stamp duty to the goverment. For properties up to £500,000, 5% is paid on the portion from £300,001 to £500,000. So on a…
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Where is the best place to save?
You should divide your money into different pots that correspond with your goals. Each pot will be put in a place that is best for that goal's timeframe. For example, your Emergency Fund…
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Couples: How to co-manage your finances
How many of you have argued with your partner about money? If you answered yes, you’re not on your own. Whether it’s arguing over who picks up the bill in a restaurant, or…
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Saving Tips from Catherine Morgan
Catherine Morgan, the founder of The Money Panel, shares tips on how we can be better equipped to handle money issues. 6 quick-wins to manage your money Make a spending plan – Not…
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What is Ethical Investing?
The story When you make an ethical investment you know where your money is going. You make a choice to support companies which are inline with your social and environmental beliefs. Tell me…
