Inheritance tax also recognised as Death tax or Estate tax is the wealth that is taxed from the individuals who are handed over a heritage. The basic explanation given for the gathering of this tax is that inheritance is like income or endowment that is passed on to somebody and this is what makes the inheritance taxable.

First time buyers are facing the toughest market conditions in 30 years, according to statistics from the Council of Mortgage Lenders. Not since records began in 1978 have such low numbers of first time buyers successfully got onto the housing ladder. Whilst house purchasing has hit a record low in August – with figures at [...]

Figures released from the Bank of England show that Britain’s homeowners have reversed their habit of releasing equity from their homes. Since last year, the numbers of successful homeowner loan applications has fallen dramatically. Much of this is due to the uncertain housing market conditions, as lenders exercise greater caution. However, many homeowners have decided [...]

If you’re looking for the best loan rate today, don’t be so sure that the old dictat of “borrow more, pay less [interest]” will hold up. Many lenders have turned the tables and made middle ground their favourite sum. Yes, that’s right. If you want to borrow £1000 on a personal loan over five years [...]

In a speech which could shock many families and homeowners, one specialist mortgage company has stuck its neck out to urge the Bank of England to put business before individuals. Whilst many homeowners have been feeling the fear of repossession, as missed home loan repayments mount up, Base Commercial Mortgages Ltd insist that it business [...]

It is estimated that roughly £1bn worth of gift vouchers will be given as Christmas presents over the festive season and many of these are never going to be used. The Voucher Association, which is the trade body for the industry, has admitted that up to a quarter of all vouchers will never be used. [...]

The first thing to remember when looking for a property is that it will almost inevitably cost more than you actually think. First of all there is a whole array of other fees which you have to add onto the actual cost of the house which when added together make the house up to 5% [...]

With the current financial climate many people are questioning whether now is the time to be investing in property. After all, homes are being repossessed left right and centre, interest rates keeping rising and more and more home loan products are being removed from the market by lenders. So it’s hardly unsurprising that house prices [...]

The last few years have seen the spotlight turned upon what is proving to be a great earner for banks and lenders: Payment Protection Insurance or PPI. From the Office of Fair Trading to the BBC and other media, everyone has been investigating this insurance to discover who really benefits from these insurance packages which [...]

Figures out yesterday show that whilst IVAs as a debt solution are as popular in ever, there has been a fall in the number of successful applications. According to the figures released by the Insolvency Service, the number of successful IVA applications has actually fallen, despite high demand from debtors. Terry Balfour of IVA comparison [...]