The buy to let market is becoming a more attractive market as the cooling of the residential property market combines with a possible future interest rate cut. Buy to let remains a medium to long term investment, with London and the South-east the most attractive market despite high prices. Savills Private Finance managing director Mark Chiltern believes that returns of 12 per cent per year can reasonably be expected. Chiltern says: “Structured the right way, the mortgage can be paid off by retirement, leaving an unencumbered income producing asset whose returns should track inflation.”
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Present imperfect
As I write this, I cannot help but wonder what IFAs are wish ing for this festive season. With just over four months to go until the most radical change in pension provision in the UK for a generation or more, stake holder business is sure to be top of the wish-list this Christmas. Like […]
The good, the bad and the mixed…
Aifa director general by Paul Smee“2000 was the year of the consultation paper. In battalions they came, sometimes two at once, thick with draft rules and questions. The good, the bad, the indifferent, and, most of all, the mixed. “The good. Some sensible stuff on risk-based regulation, a relaxation of over-prescriptive training requirements, a decent […]
Portman fix its sights low
Portman Building Society has brought in the 3.99 per cent fixed rate mortgage. The mortgage has a fixed rate of 3.99 per cent for loans of up to a maximum of 95 per cent of valuation for the first two years of the mortgage. After this period it reverts to the standard variable rate, which […]
IFA sets up Equitable crisis line
Alexander Forbes Financial Services, providers of advice on employee benefits, has set-up a crisis phoneline following the decision by Equitable Life to close to new business. The helpline is designed particulary for trustees and employers of schemes with 20 to 1000 members in small to medium size companies. They will be able to arrange a […]
White paper — Dubai International Insights
Jelf Employee Benefits discusses the legislative changes in Dubai, available medical facilities and policy considerations for employers with expatriate workforces in the country. This edition will be of particular interest to global human resource directors, compensation and benefits specialists and mobility managers who have employee populations in Dubai, or are considering operating there in the near future.
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FCA to crack down on ambulance chasers
Claims management companies must be more specific on separate permissions and competency when they under the remit of the FCA, according to HM Treasury. Under rules proposed in the Treasury’s latest consultation paper, claims management companies will operate under six sectors – housing disrepair, industrial injuries disablement benefit, personal industry, financial products and services, criminal […]
Martin Tilley: Keeping on top of Sipp proposition dilution
Knowing what assets each operator will accept and with what conditions is becoming increasingly difficult The recent well-publicised events concerning Sipp operator asset acceptance have focused the mind of a number of advisers. We have been fielding enquiries about our own Sipp and the asset classes we as a Sipp operator would consider. But this […]
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Fears over investment trust sales as new disclosure hikes costs
Investment trust sales may come under pressure due to new EU rules, experts have warned. The potential benefits of gearing on investment trusts risk being overlooked as new cost reporting rules make them look more expensive compared with open-ended funds. Traditionally, closed-ended funds have looked attractive based on lower costs compared with other structures, as […]