“95% mortgages return with government guarantee”

Mar 5, 2021 | Mortgages

An independent (financial adviser’s) view

‘The lesson of history is that no-one learns the lessons of history’. Did no-one tell Rishi that low interest rates, rising property prices and 95% mortgages will become a disaster waiting to happen. Interest rates will rise and property prices will fall, because they always do, probably in the not-too-distant. Then ‘negative equity’, which most of those getting 95% mortgages won’t remember, will return. And they’ll learn, as did many in the ‘90s, that it’s the lender, not the borrower, who’ll benefit from the government guarantee. Your home remains, very much, at risk.

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“Record year for annuity sales driven by advisers”

“Record year for annuity sales driven by advisers”

I was asked this week whether annuities are now ‘a good investment’. They’ve been recommended very rarely in recent years, since ‘pension freedoms’ allowed pretty much unlimited drawdown on pension funds and anything left to be passed on to beneficiaries free of Inheritance Tax.