The rise in UK home loan approvals, mortgage price wars & more

According to the Bank Of England in April the number of house loan approvals hit a staggering high of 68076 loans  – the highest monthly figure it has been for 14 months. The latter figure resulted in there being 6100 more loans in April that there was in March, thus a 9.9% increase, which is the largest monthly increase the UK property loans sector has seen for more than 6 years. Such figures…

Inspiring Hertfordshire Awards 2015

The Baker Watkin team would like say huge congratulations to our client, Foxholes Farm Shop for winning the ‘Excellence in Customer Service’ award last week at the Inspiring Hertfordshire Awards 2015 in Hatfield. To give some background information on the exclusive black tie event, the annual Awards ceremony is always popular on the Hertfordshire Chamber of Commerce’s calendar.  Not only does the event highlight the achievements across different industry sectors…

Pension tax relief plans are under attack

Politicians are being criticised for using pension tax relief ‘like an election piggy bank’, says Adrian Walker at Old Mutual Wealth, to support policies such as lowering tuition fees and inheritance tax. The Tories have recently announced that if they were to champion the general election in May, family homes worth £1 million would no longer have to pay inheritance tax if they chose to leave their property with their…

Has the UK gone hero to zero, just like that?

As you’ll probably have seen filling your TV screens and covering your newspapers, the UK inflation rates fell to 0% in February which is the lowest rate of CPI inflation since 1988. A large contributor to the 0.3% cut from January to February this year was the decline in food, energy and oil prices as well as lower costs given to computer products. This is good news for us as consumers…