Category: interest rates

The latest research by Halifax revealed that the cost of owning and running a home hit 4-year high in January 2017.

As such, the average cost that homeowners faced was 9,393 pounds, which compares t0 9,406 in January 20012. This compares to 9,149 at the same time last year (a 2.7% increase).
 
The highest increase was associated with utility bills. For example, gas and electricity bills rose by 281 pounds, which compares to only 31 pounds rise in garden tools cost.
 
Commenting on the findings, Martin Ellis, Halifax’ chief economist, said: “The typical costs of owning and running a home has increased over the past year, returning the overall level to that of four years ago… The prospect of declining consumer price inflation through much of 2017 may help the costs associated with running a home to ease as well, providing some welcome relief to homeowners.”
 
You can learn more about the research by Halifax on the company’s official website.
 

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For business
 
For businesses, a likely Hard Brexit could spell doom. Import and export businesses may find it particularly hard as new, independent deals get thrashed out during the next 24 months.

Some senior bank figures have been equally hard in their talk to make assurances that a ‘free trade deal’ which includes financial services may not be the best move – whilst most continue to support an economy that stays within the single market.
 
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This article was kindly donated on behalf of interior designers in Bristol OEG Interiors, a leading commercial design and planning company from the South West of England.
 
Thanks ya’ll.

David @E1.

Recently, the Kent Reliance Banking service, also known as KRBS, a Kent based building society, launched a best buy savings deal for cash-rich investors.

The bond, which is a one-year fix, is available for savers with a minimum deposit of 50,000 pounds.

Savers have an opportunity to choose between monthly and yearly payouts. Those, who choose to receive their interest on a monthly basis, get a 3.6% interest rate, while those who choose to get their interest once a year, get a 3.66% interest rate.

The savings deal does not allow for early withdrawals or additions.

Moneyfacts, an online comparison tool, awarded this Limited Edition Bond by the Kent Reliance Banking service four stars out of five.

Commenting on the new deal, money experts at the Independent, said: “Fixed rates can be attractive, unless interest rates generally move up and the rate you’re stuck with ends up looking paltry. However, with no rate increases expected for months, the account could prove worthwhile.”

Let’s hope the British Pound stabilises and begins to recover some of its worth over the next 12 months.

Who really knows what post Brexit is going to look like. Seems like the perfect time to have some savings.

This blurb article was published on behalf of Meanwhile Creative, a leading office, desk and studio space provider with offerings in Bristol and Cardiff.

David @e1

David is a head mortgage advisor and E1 and regularly posts useful information within the lending sector.