UK property prices reach new highs, but London dropping as buyers move o...

UK property prices reach new highs, but London dropping as buyers move outwards

UK house prices went up again in October, at the fastest rate for five years, as buyers scrambled to beat next year's stamp duty deadline, the Nationwide Building Society reports.

Annual house price growth rose to 5.8% and the average price is now £227,826.

A similar survey by the Halifax show an even higher annual growth rate of 7.3%

For the next five months, buyers of properties valued at up to £500,000 in England and Northern Ireland will not have to pay stamp duty on the purchase. Second home buyers and buy-to-let investors will still have to stump up the 3% tax grab surcharge.

How long will the boom last?

Booms are usually followed by bust, something which has not escaped the attention of the Bank of England. Official figures released by the central bank this week revealed that home-buyer mortgage approval climbed to a 13-year high in September.

There are fears that the market is heading for a cliff-edge with potential buyers possibly pulling out of transactions in 2021 if they cannot meet the stamp duty deadline.

The BBC reports that NAEA Propertymark has called for action to avoid the cliff-edge by extending the deadline.

As the current furlough scheme comes to a close unemployment figures could rise rapidly leading to lower buyer demand and rising repossessions.

A second wave of Covid 19 is sweeping the country forcing regional lockdowns and restriction, which could stall economic recovery.

Meanwhile, Rightmove reports that asking prices in London’s zone 1 are falling while prices are rising in the suburbs, as buyer seek safer havens and more buck for their bang.

 

Source: Rightmove.com

More articles and money news available at Money Tips Podcast - www.moneytipsdaily.com

·        New Job Support Scheme

·        Welsh Government lockdown

·        UK state pension age rises to 66

·        Emergency help for energy bills - Ofgem

·        How a crash will affect your pension plan

·        House prices rise will reach all time high

·        How to avoid bankruptcy in business

·        Is this the end of office work as we know it?

·        Why live in expensive town centres anymore?

·        Thousands trapped in unsellable leasehold flats

·        Government extends ban on landlords evicting tenants

·        Self-employed, have you claimed your government grant?

·        Why UK Property prices rising after stamp duty cut, despite the downturn?

·        New planning rules will open up more opportunities to make money in property

·        You can create a second income during the lockdown…and come out stronger

·        Learn how to make money from property without deposits, mortgages or cash

Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.

Are you ready to adapt to the new economic model?

As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?

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

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.

If you’d like further information on wealth mentoring and coaching, how to survive the crisis and even quit the rat race, 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

Heal your money wounds the Japanese way with Ken Honda Japan’s #1 bestselling personal development guru. Ken will take you on a journey where he will teach you the Japanese art of healing your money wounds and making peace with your money. Too often, money is a source of fear, stress, and anger, often breaking apart relationships and even ruining lives. We like to think money is the centre of our lives and everything depends on our financial status, but Ken challenges our beliefs to install more liberating perceptions of money and delivers concrete tools that have the power to change your life. Click to join his free masterclass – Click: https://bit.ly/2GqyYki

Job Support Scheme extended by Rishi Sunak

Job Support Scheme extended by Rishi Sunak

Chancellor announces £22 billion package of aid for businesses affected by new covid restrictions.

Rishi Sunak promised grants of up to £2,100 a month for ‘Tier 2’ companies that are not forced to close but are struggling to be commercially viable.

As many as 150,000 businesses could qualify for the payments, which could cost the Treasury £1.2billion. 

The new Job Support Scheme replaces the furlough and will be extended to firms that are legally allowed to open.

It will be more generous allowing employers to pay just 5 per cent of staff wages, while the minimum threshold for hours worked will be reduced to one day.

If an estimated two million people enrol, it could cost the Treasury £6billion. 

Mr Sunak also increased grants for self-employed workers to 40 per cent of the average profits, up to a maximum of £3,750 a month, which could cost about £3billion.

Government borrowing was revealed to be running at £1billion a day during the pandemic. 

More articles and money news available at Money Tips Podcast - www.moneytipsdaily.com

·        New Job Support Scheme

·        Welsh Government lockdown

·        UK state pension age rises to 66

·        Emergency help for energy bills - Ofgem

·        How a crash will affect your pension plan

·        House prices rise will reach all time high

·        How to avoid bankruptcy in business

·        Is this the end of office work as we know it?

·        Why live in expensive town centres anymore?

·        Thousands trapped in unsellable leasehold flats

·        Government extends ban on landlords evicting tenants

·        Self-employed, have you claimed your government grant?

·        Why UK Property prices rising after stamp duty cut, despite the downturn?

·        New planning rules will open up more opportunities to make money in property

·        You can create a second income during the lockdown…and come out stronger

·        Learn how to make money from property without deposits, mortgages or cash

Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.

Are you ready to adapt to the new economic model?

As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?

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

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.

If you’d like further information on wealth mentoring and coaching, how to survive the crisis and even quit the rat race, 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

Heal your money wounds the Japanese way with Ken Honda Japan’s #1 bestselling personal development guru. Ken will take you on a journey where he will teach you the Japanese art of healing your money wounds and making peace with your money. Too often, money is a source of fear, stress, and anger, often breaking apart relationships and even ruining lives. We like to think money is the centre of our lives and everything depends on our financial status, but Ken challenges our beliefs to install more liberating perceptions of money and delivers concrete tools that have the power to change your life. Click to join his free masterclass – Click: https://bit.ly/2GqyYki

Emergency help for energy bills announced by Ofgem

Emergency help for energy bills announced by Ofgem

The UK Energy regulator, Ofgem will introduce new rules from 15 December to help vulnerable customers struggling to pay their energy bills this winter.

Gas and electricity suppliers will be required to offer customers cannot top up prepayment meters emergency credit.

Where customers are in debt, suppliers must put them on "realistic and sustainable" repayment plans.

This comes as Ofgem are cutting the price cap on default tariffs and prepayment meters, due to falling gas wholesale prices, which means up to £95 lower energy bills for millions of people this winter.

More articles and money news available at Money Tips Podcast - www.moneytipsdaily.com

·        Centrica share price in decline

·        Welsh Government lockdown

·        UK state pension age rises to 66

·        How a crash will affect your pension

·        House prices rise to reach all time high

·        How to avoid bankruptcy in business

·        Will demand for HMO rooms rise or fall?

·        Is this the end of office work as we know it?

·        Home workers one step closer to outsourced

·        Why live in expensive town centres anymore?

·        Buy-to-let landlords ignore “NO DSS” tenant ban

·        Thousands trapped in unsellable leasehold flats

·        2m homeowners apply for mortgage payment holiday

·        Government extends ban on landlords evicting tenants

·        Self-employed, have you claimed your government grant?

·        UK property prices jumped by 3% since June following stamp duty cut

·        Why UK Property prices rising after stamp duty cut, despite the downturn?

·        New planning rules will open up more opportunities to make money in property

·        You can create a second income during the lockdown…and come out stronger

·        Learn how to make money from property without deposits, mortgages or cash

Millions of people face a bleak future post-Coronavirus lockdown, as businesses disappear and the job furlough scheme eventually comes to an end. However, life doesn’t have to end because of lockdown! You can join thousands of ordinary people who have increased their income and added streams of new income during this period.

Are you ready to adapt to the new economic model?

As lockdown restrictions around the world are being eased, the economic model has subtly changed forever. How will you adapt to this new way of working and running a business, what obstacles and opportunities lies ahead? Will you be a participant or spectator in this revolution?

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

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.

If you’d like further information on wealth mentoring and coaching, how to survive the crisis and even quit the rat race, 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

Heal your money wounds the Japanese way with Ken Honda Japan’s #1 bestselling personal development guru. Ken will take you on a journey where he will teach you the Japanese art of healing your money wounds and making peace with your money. Too often, money is a source of fear, stress, and anger, often breaking apart relationships and even ruining lives. We like to think money is the centre of our lives and everything depends on our financial status, but Ken challenges our beliefs to install more liberating perceptions of money and delivers concrete tools that have the power to change your life. Click to join his free masterclass – Click: https://bit.ly/2GqyYki

Prime Minister Boris Announces Regional Lockdown Measures, as Sunak Int...

Prime Minister Boris Announces Regional Lockdown Measures,
as Chancellor Sunak Introduces Further Government Aid For Businesses

Today in Parliament, Boris Johnson announced further
lockdown measures and business closures in selected cities where infection
rates have increased.

Liverpool and Nottingham are among the cities where businesses
such as gaming will be forced to close.

Last week, Chancellor Rishi Sunak Employees announced that
people working for UK firms forced to shut by law because of coronavirus
restrictions will receive two-thirds of their wages paid for by the government.

The scheme starts on 1 November for six months and could
cost hundreds of millions of pounds a month according to a Treasury source speaking
to the BBC.

The leisure and performing arts sectors have been hit hard
and will welcome government new aid announced by the Culture Secretary, Oliver
Dowden.

Venues and organisations including Liverpool’s famous Cavern
Club and the London Symphony Orchestra will receive a share of £257m government
arts funding.

Markets have barely reacted to the poor economic forecasts
and the property market is up in most areas.

Other articles available at Money Tips Podcast - www.moneytipsdaily.com

·       
UK state pension age rises to 66

·       
How will a crash affect your pension?

·       
House
prices rise to reach all time high

·       
How
to avoid bankruptcy in business

·       
Will
demand for HMO rooms rise or fall?

·       
Is
this the end of office work as we know it?

·       
Home
workers one step closer to outsourced

·       
Why
live in expensive town centres anymore?

·       
Buy-to-let landlords ignore “NO DSS” tenant
ban

·       
Thousands
trapped in unsellable leasehold flats

·       
2m homeowners apply for mortgage payment
holiday

·       
Government extends
ban on landlords evicting tenants

·       
Self-employed, have
you claimed your government grant?

·       
UK property prices jumped by 3% since June
following stamp duty cut

·       
Why UK Property
prices rising after stamp duty cut, despite the downturn?

·       
New planning rules will open up more
opportunities to make money in
property

·       
You can create a second income during the
lockdown…and come out stronger

·       
Learn how to make money from property
without deposits, mortgages or cash

Millions of people face a bleak future post-Coronavirus
lockdown, as businesses disappear and the job furlough scheme eventually comes
to an end. However, life doesn’t have to end because of lockdown! You can join
thousands of ordinary people who have increased their income and added
streams of new income during this period.

Are you ready to adapt to the new economic model?

As lockdown restrictions around the world are being eased,
the economic model has subtly changed forever. How will you adapt to this new
way of working and running a business, what obstacles and opportunities lies
ahead? Will you be a participant or spectator in this revolution?

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

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.

If you’d like further information on wealth mentoring and
coaching, how to survive the crisis and even quit the rat race, 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

Heal your money wounds the Japanese way with Ken Honda
Japan’s #1 bestselling personal development guru. Ken will take you on a
journey where he will teach you the Japanese art of healing your money wounds
and making peace with your money. Too often, money is a source of fear, stress,
and anger, often breaking apart relationships and even ruining lives. We like
to think money is the centre of our lives and everything depends on our
financial status, but Ken challenges our beliefs to install more liberating
perceptions of money and delivers concrete tools that have the power to change
your life. Click
to join his free masterclass – Click: https://bit.ly/2GqyYki

UK state pension age rises to 66 and will eventually reach 68 or even 70...

UK state pension age rises to 66 and will eventually
reach 68 or even 70

The state pension ‘Ponzi’ scheme becomes harder to
fund as people live longer and the demographic ratio of working to retired
people changes. There is no fund and the scheme relies on new entrants to pay
out people in retirement.

The age at which the majority of UK retirees qualify for the
state pension has now officially changed to 66 following rises in the
qualifying age in the last few years.

For men and women born between 6 October, 1954, and 5
April, 1960, they will miss out on at least one year of state pension
income and will only start receiving their pension – worth up to £175.20 per
week - when they reach age 66.

It gets worse for those born later. The government will
gradually phase in an increase in the state pension age to 67, and 68.
Eventually, we will all have to work until 70 to get a state pension.

Use the
government's calculator to find out your state pension age

Rishi Sunak, the UK chancellor, said he will maintain the
"triple lock" pledge under a conservative government.

This means the state pension will increase each year in line
with the highest of average earnings, prices (as measured by inflation) or
2.5%.

How will you be able to afford to retire?

Other articles available at Money Tips Podcast - www.moneytipsdaily.com

·       
How will a crash affect your pension?

·       
House
prices rise to reach all time high

·       
How
to avoid bankruptcy in business

·       
Will
demand for HMO rooms rise or fall?

·       
Is
this the end of office work as we know it?

·       
Home
workers one step closer to outsourced

·       
Why
live in expensive town centres anymore?

·       
Buy-to-let landlords ignore “NO DSS” tenant
ban

·       
Thousands
trapped in unsellable leasehold flats

·       
2m homeowners apply for mortgage payment
holiday

·       
Government extends
ban on landlords evicting tenants

·       
Self-employed, have
you claimed your government grant?

·       
UK property prices jumped by 3% since June
following stamp duty cut

·       
Why UK Property
prices rising after stamp duty cut, despite the downturn?

·       
New planning rules will open up more
opportunities to make money in
property

·       
You can create a second income during the
lockdown…and come out stronger

·       
Learn how to make money from property
without deposits, mortgages or cash

Millions of people face a bleak future post-Coronavirus
lockdown, as businesses disappear and the job furlough scheme eventually comes
to an end. However, life doesn’t have to end because of lockdown! You can join
thousands of ordinary people who have increased their income and added
streams of new income during this period.

Are you ready to adapt to the new economic model?

As lockdown restrictions around the world are being eased,
the economic model has subtly changed forever. How will you adapt to this new
way of working and running a business, what obstacles and opportunities lies
ahead? Will you be a participant or spectator in this revolution?

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

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.

If you’d like further information on wealth mentoring and
coaching, how to survive the crisis and even quit the rat race, 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

Heal your money wounds the Japanese way with Ken Honda
Japan’s #1 bestselling personal development guru. Ken will take you on a
journey where he will teach you the Japanese art of healing your money wounds
and making peace with your money. Too often, money is a source of fear, stress,
and anger, often breaking apart relationships and even ruining lives. We like
to think money is the centre of our lives and everything depends on our
financial status, but Ken challenges our beliefs to install more liberating
perceptions of money and delivers concrete tools that have the power to change
your life. Click
to join his free masterclass – Click: https://bit.ly/2GqyYki

Cryptocurrency: the future of money the biggest Ponzi con industry?

Cryptocurrency: the future of money the biggest Ponzi con
industry?

You may have heard the saying, “rich as Croesus”. Meaning
that you have to exceeding wealthy to be richer than the king of Lydia in Asia
Minor in 560 BC. He is believed to be the first person to mint coins as “money”
from gold, although I visited a ruin in Rome where the Italian guid said the
Romans first minted coins and coined the phrase which became known as money.
Why was Croesus fabulously wealthy? He formed and controlled his own currency
which dominated the region.

Now others want to form their own currency and dominate the
financial markets.

Is it a currency or just a speculative investment?

But are cryptocurrencies, such as bitcoin, the answer or are
they, in the words of Warren Buffett, a “mirage”?

Buffet has called it wrong on previous technological
revolutions, but you have to sit up and listen to one of the greatest investors
and richest men in the world.

The leading and most well-known cryptocurrency is bitcoin.
In the last five years, the price of a single digital bitcoin has risen from
$263 to over $10,000.

However, it rose to $17,000 in 2017 and failed to just over
$3000 a year later. It has doubled in price since March 2020, as soon investors
sought a “safe” haven for their cash during the financial crisis.

What is Cryptocurrency?

Cryptocurrency is a digital assets design to become a medium
of exchange where individual coin ownership records are stored on a ledger in
the form of a computerised database records known as the blockchain.

The US dollar is the world reserve currency, which gives
America a tremendous advantage because other countries need to change their
currency into dollars to trade internationally.

China is launching its own digital currency based on its
paper currency, the Yuan. Although not the same as a cryptocurrency, China
would like to break America’s dominance in the financial markets and become the
most widely used international currency.

How do you buy a Cryptocurrency such as a bitcoin?

The answer is you exchange your real money dollars or pounds
for digital bitcoin stored in a “wallet”, which comes in various forms.

When you sell it, you get back your dollars or pounds.

Bitcoin is not a practical and real currency accepted by
markets and governments. You cannot go down to your local supermarket and pay
for your shopping in crypto currency. Well, not yet. Digital currency is
definitely coming as the banks try to phase out money using “Covid 19” as a
convenient excuse, but whether this will be in the form of bitcoin is another
question.

Furthermore, if you accepted payment in bitcoin in December
2017 when the price of one coin was equivalent to $17,000, a year later that
bitcoin would be worth $3000.

There are many other contenders for the digital currency
market, including powerful companies like Facebook with their libre currency.

Some form of digital currency will eventually replace paper
money, but that will be a sad day for all of us. Money in your pocket
represents a bit of freedom and more difficult for banks and governments to
take it from you.

Other articles available at Money Tips Podcast - www.moneytipsdaily.com

·       
Trump tests positive for Covid 19

·       
Have you made a Will and is it valid?

·       
UK house prices soar 5% in September

·       
How
to avoid bankruptcy in a business

·       
Is
this the end of office work as we know it?

·       
Home
workers one step closer to outsourced

·       
Why
live in expensive town centres anymore?

·       
Buy-to-let landlords ignore “NO DSS” tenant
ban

·       
Thousands
trapped in unsellable leasehold flats

·       
New Job Support Scheme unveiled by UK
Chancellor

·       
2m homeowners apply for mortgage payment
holiday

·       
Government extends
ban on landlords evicting tenants

·       
Self-employed, have
you claimed your government grant?

·       
UK property prices jumped by 3% since June
following stamp duty cut

·       
Why UK Property
prices rising after stamp duty cut, despite the downturn?

·       
New planning rules will open up more
opportunities to make money in
property

·       
You can create a second income during the
lockdown…and come out stronger

·       
Learn how to make money from property
without deposits, mortgages or cash

Millions of people face a bleak future post-Coronavirus
lockdown, as businesses disappear and the job furlough scheme eventually comes
to an end. However, life doesn’t have to end because of lockdown! You can join
thousands of ordinary people who have increased their income and added
streams of new income during this period.

Are you ready to adapt to the new economic model?

As lockdown restrictions around the world are being eased,
the economic model has subtly changed forever. How will you adapt to this new
way of working and running a business, what obstacles and opportunities lies
ahead? Will you be a participant or spectator in this revolution?

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

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.

If you’d like further information on wealth mentoring and
coaching, how to survive the crisis and even quit the rat race, 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

Heal your money wounds the Japanese way with Ken Honda
Japan’s #1 bestselling personal development guru. Ken will take you on a
journey where he will teach you the Japanese art of healing your money wounds
and making peace with your money. Too often, money is a source of fear, stress,
and anger, often breaking apart relationships and even ruining lives. We like
to think money is the centre of our lives and everything depends on our
financial status, but Ken challenges our beliefs to install more liberating
perceptions of money and delivers concrete tools that have the power to change
your life. Click
to join his free masterclass – Click: https://bit.ly/2GqyYki