Thrifty Loans

French inheritance tax changes will benefit Brits

UK owners of French holiday homes will benefit from a change in the country’s inheritance tax laws. The threshold has gone up by 200% from 50,000 Euros to 150,000 Euros per parent per child. Any Brits who own French property will benefit as the country’s tax rules apply to any asset owned in the country even [...]

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Northern Rock raises rates on sub-prime lending

Troubled high street lender Northern Rock has put up rates on its fixed-rate loans, and consigned to the bin its trackers for borrowers with poor credit history. This move signifies a scaling down of sub-prime mortgage business for the company. Northern Rock has been the work performing bank stock in the UK this year, having been [...]

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Sub-prime interest rates on the rise

The squeeze on credit is beginning to find its way through to UK consumers. Prospective home buyers with poor credit histories are finding that lenders have tightened their loan criteria after the collapse of the sub-prime market in the US. There is also bad news for those who already have a sub-prime mortgage in the UK. [...]

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Stock market turbulence to affect London housing market

The recent turbulence on the stock market will reach out and affect markets in different ways. It is likely that City personnel will see their annual bonuses cut by as much as 20% this year as a result of the falls in the financial markets. It will mean an end to seven-figure handouts after four [...]

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