Around one in three of all mortgage loans are taken out for the purpose of remortgaging. A remortgage is the acquisition of a second mortgage loan, often used to replace an existing mortgage or borrow money against the value of a property. Here are the most common reasons why homeowners remortgage.
Archives for July 2018
The owners of Lancashire-based Black Box Security have been clients of RfM Chartered Accountants for more than three decades. When they decided the time was right to sell the business, RfM was there to guide them through the process and help secure a successful sale.
On Saturday 4th August, members of the team from RfM’s Ulverston and Barrow offices will be taking on the gruelling Total Warrior challenge to raise money for local charity Mind In Furness. They’ll be battling through mud, water ice and fire… can you help them smash their fundraising target of £1,000?
Calling all golfers… Can you help us to make this year’s Baby Beat Golf Day the best one ever?
Commercial property is an important asset class to consider as a way of spreading or diversifying risk in a portfolio. Generally, property isn’t highly correlated to other assets classes such as cash, fixed income (bonds and gilts) and equities. If you would like to know more, RfM can provide an introduction to a specialist in commercial property investments.
Writing a Will is one of those tasks that everyone knows they need to do, but nobody really wants to. That’s because we’d much rather devote our time to thinking about living our lives, rather than what happens after we are gone. We aim to make the experience of writing your Will an easy and comfortable one, so you don’t need to put it off any longer.
For fans of motorsports, a day at the Goodwood Festival of Speed is an exciting opportunity to see legendary racing cars and exceptional drivers – and to get their adrenaline fix for the year. For long-standing RfM client, Paul Andrew and his son Tom, this year’s event is going to be even more memorable.
Finding a mortgage deal when you’re self-employed can be tricky. As many as 71% of self-employed people said they felt discriminated against due to their employment status when applying for a mortgage, according to a recent survey by The Mortgage Lender. But, yes, it is possible to get a mortgage even if you have only been trading for a short time.
Auto-enrolment: ‘As an employer, you provide the teabags … but you’re also responsible for providing a workplace pension.’
Article 50 was triggered on 29 March 2017 and the UK will officially leave the EU on 29 March 2019. Beyond that, all we really know about Brexit is that it’s a little word with big consequences and a lot of uncertainty.
20% of small businesses regularly experience cashflow problems because their bills are paid late – a situation the government described as the ‘scourge of late payment’ in this year’s Spring Statement. There is a government consultation in the pipeline and in December 2017 a new service was launched to help.
If income tax is a consideration when choosing a company vehicle, it could be worth your while to choose a company van rather than a car. This applies to vehicles for company directors, who are also treated as company employees. A recent tax case highlights the differences in how cars and vans are defined for tax purposes.
By now, you will have no doubt heard about GDPR, the new data protection rules that came into force on 25 May. Since this date, any organisation which stores and uses personal data must comply with the new, stricter regulations. Here’s what you should know.
Bitcoin has been making the headlines as more people have sought to make money through buying and selling this new ‘cryptocurrency’. But what is bitcoin? Should you be thinking of investing? And what do HMRC make of it?
The Open Banking Implementation Entity (OBIE) invites you to ‘Manage, move and make more of your money’. But what does ‘Open Banking’ actually mean for the customers of the UK’s largest banks.