YOUR empty nest may be feeling rather full again, with a million more young adults living with their parents than two decades ago. That is according to recent figures from think tank Civitas. From “boomerang” kids who come back to save for their own pad to thirtysomethings who never left home in the first place, multi-generational families are fast becoming the norm. Michael Holmes, property expert for the National Homebuilding & Renovating Show, said: “Plan for the long term, as the reasons kids come back home – high house prices and land shortage – won’t be changing overnight.” He has the following tips to help you cope. Give yourself space. If it’s a stopgap arrangement major changes won’t be worthwhile. But if the plan is for the foreseeable future, think about creating a separate living unit with its own door. Expand your home. Add living space through an annexe such as a loft, garage or basement. Decide whether you … [Read more...] about How to adapt your home for ‘boomerang’ kids or adults who never flew the nest
Which bank provides best home loan
If you have just arrived in Luxembourg or if you intend to come into the country in the near future, one of your first steps will be the opening of a bank account. But which bank to choose? Is it possible to open a bank account before your arrival in Luxembourg? What is the best way to transfer money abroad? Here are some tips that will help you deal with a range of financial challenges you might face. Banking in Luxembourg is not particularly difficult, even if you have not opened a new account for some time. Most of the banks in the Grand-Duchy have a large expat customer base and around a quarter of them are foreign bank branches. Opening a bank account The process is usually simple as long as you provide the relevant documents. If you want to open a retail bank account, you will need a valid ID such as an international passport or EU/EEA identity card or EU/EEA driver’s licence. You must bring a proof of address with your name such as a certificate of residence … [Read more...] about How to find the right bank for you in Luxembourg?
BRITS struggling to get the money together for a deposit can now get a mortgage without one - as long as a family member contributes 10 per cent of the property purchase price from their own savings. But as a perk for lending the cash, the new "Lend A Hand" mortgage from Lloyds Bank will pay family members 2.5 per cent in interest on the money they deposit. The three-year mortgage, which is available to borrowers in England and Wales needing an up to 100 per cent loan, is fixed at 2.99 per cent. It's available on mortgages of up to £500,000 over a maximum period of 30 years. There's no fee and you can also bag £500 cashback once you've completed, plus an additional £300 to help cover legal costs - although the cashback offer can be withdrawn at any time. But be warned that you can't take the mortgage with you if you move; so you need to be sure you're going to stick in your new home for at least three years or know you can repay the entire mortgage in that time. You also … [Read more...] about Lloyds Bank launches new 100% mortgage with NO deposit – but your parents must sign up 10% of their savings
A pair of US congressional committees now under Democratic control have begun probing Deutsche Bank's business dealings with President Donald Trump, a spokesperson for the German bank said Thursday. The inquiry is a joint effort between House Intelligence Committee Chairman Adam Schiff and House Financial Services Chair Maxine Waters, two prominent Trump critics who have gained significant investigatory powers with the Democratic victory in the November midterm elections. "The Bank has received an inquiry from the House Financial Services and Intelligence Committees," a Deutsche Bank spokesperson told AFP. Deutsche Bank was one of the only large western banks to continue to lend to Trump following bankruptcies of his casinos and other businesses in the 1990s. The German bank in recent years has loaned Trump about $300 million. "The House Financial Services and Intelligence Committees are engaged in productive discussions with Deutsche Bank, and look forward to continued cooperation," … [Read more...] about US congressional panel probing Trump-Deutsche Bank ties
FROM filling in online surveys to selling unwanted gifts, top money bloggers let us in on their eight top tips to make cash this Christmas. The start of a new year can be a struggle financially after Christmas, with a lot of money having been spent on gifts, parties, food and shopping. Many people are also paid early in December, meaning it’s an even longer stretch until the next payday. But there are easy ways to make sure you’ve got enough money in your pocket to see you through January - and you don’t even have to leave your home. The Sun asked some top money bloggers for their tips to make some extra cash in January - and it includes everything from selling your unwanted Christmas gifts to taking pictures of job ads. Here's what you need to know.1. Complete online surveys - earn £6 a survey You've probably heard of this one before but you can get paid up to £6 per survey - and it’s a great way to make money, both Emma of Emmadrew.info and Francesca … [Read more...] about Bloggers reveal their eight best ways to make money in January – and you don’t even have to leave your home