Retirement
from24/7 Wall St.
2 months agoThis is why I'll never take out a reverse mortgage - 5 hidden costs you need to know about
Reverse mortgages can be appealing for seniors needing funds, but they come with significant hidden costs.
With growth slowing, business confidence cracking, and the global economy facing renewed threats from President Donald Trump's erratic trade policies, the Bank's caution risks becoming part of the problem.
Brits face risks in car finance, with potential compensation for overcharged loans before January 2021, experts warn drivers to be vigilant.
In the Autumn Budget, the Government announced significant changes to a valuable IHT relief, APR. Under the proposed changes, effective from 6 April 2026, a £1m cap will apply to agricultural property, which is, under the current rules, wholly relieved from IHT regardless of its value. Any value exceeding the £1m cap will only benefit from 50% tax relief rather than 100% relief, leading to a considerable increase in tax liability for farmers.