Looking at this article the key part in my eyes is the comments from the monetary policy committee on growth. ‘It expects growth of 14 per cent in 2021, followed by 4 per cent in 2022.
This is a good positive read and like many other economists seem to expect a bounce back later this year and next based on a v-shaped recovery.
https://www.mortgagestrategy.co.uk/news/boe-talks-recession-keeps-rate-at-0-1
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Borrowers have been spoilt for choice in recent weeks with super low mortgage rates of sub-1 per cent
The mortgage market is so competitive that hardly a day goes by without another lender launching a sub-1
As mortgage rates continue to fall, not all lenders can compete, with some turning their attention to improving
The combination of rising property values and low mortgage rates make it a good time to consider refinancing
Working for yourself as a business owner, day-rate contractor or freelancer gives you more flexibility than working full-time
| Tax Band | % | Taxable Sum | Tax |
|---|---|---|---|
| less than £500k | 0 | £0 | £0 |
| £500k to £925k | 5 | £425,000 | £21,250 |
| £925k to £1.5m | 10 | £575,000 | £57,500 |
| rest over £1.5m | 12 | £3,500,000 | £420,000 |
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