Banks to charge 40% pa for overdraft

Banks to charge 40% for overdraft – 50 times the UK base rate
of .75%

By Charles Kelly, Property Solutions Investor, Author of Yes,
Money Can Buy You Happiness and creator of Money Tips Podcast.

In this Money
Tips Podcast episode:

1.     
Banks will start charging 40% for an
unauthorised and authorised overdraft

2.     
LIBOR London Interbank lending rate stands at
just 1.96% for 1 year

3.     
Banks borrow from us at .25% and less in many
cases

4.     
Credit cards and debt pushed on to young
customers

5.     
Mindful spending – do I really need this right
now?

6.     
Build your own savings buffer instead of using
cards

Can you afford to retire?

Millions of people, or over 80% of the population, will
either retire in poverty or not be able to afford to retire at all. What’s your
strategy?

You can learn how to acquire income producing assets using
other people’s money and other no money down strategies in order to become
financially free.

Smart investors are using these creative
finance, ‘no money down’ tools to build massive property portfolios in
a few short years, as their hands are not tied by mortgage lenders and the need
to save large deposits and pay higher taxes.

Before you buy another, or your first, property, take
time out to learn proven successful strategies from expert multi-millionaire
property investors on a free taster ‘property discovery day’.

If you’d like more information on how to acquire wealth
building assets using none of your money, email me at Charles@CharlesKelly.net
or send me a message through Facebook or my Money Tips Daily community.

See more articles at www.moneytipsdaily.com

How
to Use Creative Property Financing to Beat the Banks

How to Use Creative Property Financing to Beat the Banks
  In the last few years, mortgage lending rules have been tightened up by
UK regulators. Lenders now dig into your finances far more deeply than just
looking at your annual income. Self-certificated mortgages are all but... see -http://www.moneytipsdaily.com/how-to-use-creative-property-financing-to-beat-the-banks/

There are more examples and practical
steps to getting rich and being happy in my book, Yes, money can buy happiness, I
cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much
more. Check it out on Amazon http://bit.ly/2MoneyBook.