IF YOU'RE a homeowner and need cash, equity release may be an option. You can spend some of your property’s value while still living there – but you’ll need to be 55 or over to apply. First things first, what is equity release? To put it simply, equity release is the process of accessing some of the equity (cash) tied up in your home without having to move. In order to do this, you need to be a homeowner and aged 55 or above. You can get either a cash lump sum or smaller chunks over time (but you’ll pay interest on both options), both of which are tax-free. There are plenty of reasons you might want to unlock money from your home. Around one in three (32%) choose equity release to clear their existing mortgage, according to equity release broker Age Partnership, while one in five (20%) do this to fund home improvements. Calculate how much tax-free cash you could access How does equity release work? There are two main types of equity release - a lifetime mortgage … [Read more...] about What is Equity Release and how does it work?
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Investors locked into disgraced financier Neil Woodford's collapsed flagship fund have been told they have lost nearly a fifth of their money. Up to 300,000 investors - many of whom used their life savings - are facing huge losses after administrator Link Asset Services said the value of the fund had fallen by almost 19 per cent. The Woodford Equity Income Fund, which has been suspended for nearly six months, will be wound up from January 18, Link said. It said that on January 20, investors will begin to start getting their money back. And the Woodford name, once one of the stars of the investment industry, will also be immediately erased from the multibillion-pound equity income fund he managed until it was suspended in June. Investors locked into disgraced financier Neil Woodford's collapsed flagship fund have been told they have lost nearly a fifth of their money Link revealed yesterday that BlackRock, the US investment bank selling off the fund's assets, has raised … [Read more...] about 300,000 ‘locked-in’ investors are told they’ve lost a fifth of their money as Neil Woodford’s name is erased from multi-billion-pound fund he managed after spectacular fall from grace
For more than 80 years, the Lever family have run the New Era housing estate in east London as a philanthropic concern, enabling teaching assistants, NHS staff and construction workers to live near their places of work while paying affordable rents. Now the grandson of Arthur Barsht, the man who built the 93-flat estate, has defended his family’s decision to sell the properties to an American private equity company. He has, he suggested, little sympathy for the families who could be evicted before Christmas. The plight of the tight-knit community living in a small corner of London has links that stretch across the Atlantic to American firefighters, teachers and police; and far beyond, to international property deals in Munich, Paris and Tokyo. The entire community’s homes were bought from underneath them in March by Westbrook Partners with the help of Richard Benyon, the Conservative MP whose multimillion-pound family estate was a partner on the deal. Now Westbrook plans to … [Read more...] about How Westbrook Partners came to loom over a small east London community
Ensnared in an impeachment inquiry over his once-secret appeal for Ukraine to investigate an American political rival, President Donald Trump openly underscored that request on Thursday urging global rival China to probe Democrat Joe Biden and his son. Trump and Vice President Mike Pence said Americans have a right to know about the wrongdoing the president alleges. But Biden´s campaign chairman said Trump´s assertions merely show he´s scared of facing Biden in next year´s election. House intelligence committee chairman Adam Schiff, who has a leading role in Congress´ impeachment inquiry, said Trump´s comments show 'he feels he can do anything with impunity.' Trump declared at the White House, 'China should start an investigation into the Bidens.' President Donald Trump said Thursday that both Ukraine and China should probe possible corruption by former Vice President Joe Biden and his son Hunter Biden He said he hadn't previously … [Read more...] about Donald Trump has ALREADY ‘raised’ Joe Biden with China’s president Xi in call stashed on same secret server as Ukraine transcript – and said he would keep QUIET about crackdown in Hong Kong during trade talks
Damian Hinds, the new education secretary, has said schools should aim for an ethos that develops pupils’ character, resilience and workplace skills as he gave his first big speech in the job. Hinds, who took over from Justine Greening two weeks ago, said there was nothing easy about so-called “soft skills” that help pupils get on throughout their life and in their jobs. He said qualifications and exams were important but “not the whole picture when it comes to what you learn and achieve”. “There is much outside the relevant qualifications which matters a great deal as well,” he told the Education World Forum seminar in London. “That you believe that you can achieve, that you can stick with the task at hand and that you understand the length there is between the effort you make now and the reward that may come in future and the resilience to bounce back from the knocks that inevitably life brings.” The education secretary said the … [Read more...] about Education secretary focuses on ‘soft skills’ in first big speech