Investment

Renewables companies warn UK revenue cap could deter investment:

Renewable energy companies will tell UK ministers this week that a planned cap on the revenues they generate from sky-high wholesale power prices must not be more punitive than a similar EU policy — or they risk an investment exodus to Europe. Energy industry officials involved in discussions with the UK government say negotiations over the level of a cap will continue this week, with a meeting expected as early as Monday. The proposals could affect companies including EDF Energy, RWE, Octopus Energy, ScottishPower and SSE. This could effect lots of students in student hou

Investment

Investment advice must improve after the LDI crisis:

The liability-driven in crisis caused ripples in the pensions market and trustees are taking a step back to reassess the viability of LDI products and take stock of what happened and why. The defined benefit (DB) pensions sector was at the centre of the LDI crisis last week that caused a liquidity squeeze and forced the Bank of England to start temporarily buying long-dated gilts. The value-at-risk (VaR) model has been one of the most common risk measures used in the industry for the past decade or so. Advice from consultants has said that when schemes increase their hedge

Property Consulting

UK house prices fall as mortgage interest rates surge:

House prices dipped by 0.1% in September as mortgage interest are soaring- does this indicate a crash coming. The annual rate of house price growth also slowed to 9.9% in September from 11.4% in August – returning to single digits for the first time since January. It comes after the number of mortgage products available fell sharply following the recent mini Budget and as product choice has gradually returned, lenders have been pricing their mortgage deals upwards. Predicting what happens next means making sense of the many variables now at play and the housing market has

Investment

The UK is in financial turmoil and investments and pension:

There has been a severe blow to ISAs and shares if they are in bond funds as they are now being sold as cautious, safe investments. The ones invested in UK gilts fell by 12% within 2 days of Kwasi Kwarteng's budget. Normally pension funds are steadier than the stock (equity) market, as they have a mix of shares, bonds and property. You have little to worry about if you have a final salary-style pension, where what you get is related to how much you earn. But they are mostly limited to the public sector now. This is almost always a sensible thing to do if you have spare cas

Property Consulting

As the Pound faulters, Singaporeans are looking to purchase properties and travel to England:

The most historic weakening of the British Pound against the dollar is inspiring Singaporean's are looking to buy property in the UK. Properties in Central London are being snapped up as reported by property agents. There are other sorts of taxes that will be applied when buying a property in the UK such as inheritance tax and capital gains tax, which do not offset the benefits of a better exchange rate now.  If one already owns a property, then paying off the debt will be cheaper now, he said, adding that those planning to go for a holiday there will benefit from the bett

Investment

Investment zones could be allowed in England’s national parks:

Recent documents have been released which are suggesting a relax on planning laws and permission could be given even in the most protected national parks. This is to accelerate development. The deadline for councils to apply to host an investment zone is 14 October. The government says the zones “will benefit from tax incentives, planning liberalisation and wider support for the local economy” and will be granted after a “rapid” selection process. Key planning policies to ensure developments are well designed, maintain national policy on the green belt, protect our heritag

Property Consulting

Average UK property costs 7 times the typical wage:

Due to the pandemic, the houses supply were limited and therefore had never been more unaffordable. The average house costs 7 times the amount of an average wage. Despite, the recent property crash of 15%, the mortgage interest rates will further put property acquisition out of reach for many. From the capital to the north the ranges are 11 times the earning to 4 and a half times. This shows that the regional differences are indeed, very stark. This is the case after the stamp duty cuts. _________________________ Do you think this is acceptable and what should be done to

Property Consulting

Renter afraid to complain about property faults due to fears:

Renters are putting up with property faults including cracked windows, broken tiles, and leaky taps – as they fear complaining to their landlord would lead to rent increases or even eviction. Nearly half of the tenants don't like bother their landlord with requests for repairs unless its absolutely necessary because the rental market is too competitive . Of those, 62% found their landlords were frustrated to be contacted – with reasons for this including being too busy, costing too much, and it being a small request the tenants could live with. ______________ What do you

Investment

Investment Zones are attacking nature!

In order to develop areas across UK the government has planned for investment zones which have caused a great uproar by the wildlife trusts. This proposal by the government includes relaxation of planning rules to allow business development which are said to be "consent driven," however, there are fears of removing environmental protection from certain areas. Comments are being made such as : "These plans sound more like destruction zones than investment zones to us." There are already five West Midlands councils on the investment zone shortlist, with further applications

Property Consulting

New stamp duty rules posed by Kwarteng:

The amount of Stamp duty tax payable on all property transactions was cut on Friday as part of Kwarteng's 'game-changing' growth plan. Buyers currently pay stamp duty after £125,000 of a home’s purchase price but, today, that threshold was doubled. This means buyers no longer pay stamp duty tax on the first £250,000 of a property purchase. The property price at which first-time buyers will pay stamp duty will be increased to £425,000, from £300,000. The steps taken mean that 200,000 people will be taken out of paying stamp duty all together. This is a permanent cut to stam