Mark - Advice Plain and Simple

Mark - Advice Plain and Simple I am a full qualified financial adviser, specialising in mortgage advice & financial planning advice.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

21/03/2025

Bank of England holds interest rates at 4.5%

24/11/2023



- The National Living Wage is set to rise to £11.44 from April 2024. The new rate will also be extended to 21 & 22 year olds for the first time.

- £7 million over the next three years for educational programmes to ensure more support for schools and universities to understand, recognise and tackle racism.

- Working age benefits will rise by 6.7% from April 2024.

- Local housing allowance will be raised and £120m will be provided to prevent homelessness.

- The Pensions Triple Lock and Pension Credit will be protected and rise in April 2024 by 8.5%.

- Alcohol duty will be frozen until August 2024 taking 3p off the duty cost of an average pint of beer.

- Inflation is forecast to drop to 2.8% by the end of 2024, down from 4.6% in October.

- The State Pension rise is worth up to £900 a year.

- Debt was due to rise to almost 100% of GDP but is now predicted to be 94% of GDP by the end of the forecast.

- There will be an additional £10m to support veterans helping to fund mental health services across the United Kingdom.

- Office for Budget Responsibility says our economy will grow in each of the next five years.

- The Government has announced plans to reform A-levels and introduce the Advanced British Standard.

- The Government has announced plans to expand the electricity grid to speed up clean energy projects. Plus proposals that those living closest to new electricity infrastructure will receive up to £1k a year off energy bills.

- Councils will be able to recover the full costs of planning applications – provided they meet prompt deadline.

- Through the LIFTS initiative, there will be £250m to enable UK pension funds to back the UK’s science and technology companies.

- Options will be explored for a retail offer of NatWest shares as part of plans to reduce the Government’s stake.

- Workers will given the right to require new employers to pay pension money into an existing pension pot.

-£4.5bn will be made available over five years, to attract investment into strategic manufacturing sectors. This will include money for electric cars.

- Tax reliefs for freeports and investment zones are being extended from five years to 10 years.

- The Government is extending 75% business rates relief for retail, hospitality and leisure until 2025.

- The small business multiplier will be frozen, protecting over 1m ratepayers.

- Class 2 National Insurance Contributions will be abolished from April 2024.

- Class 4 National Insurance Contributions will be cut from 9% to 8% from April 2024.

- Full Expensing will be made permanent meaning companies that invest in the UK will reduce their tax by up to 25p for every £1 spent on plant and machinery.

- From January 2024, Employee National Insurance Contributions will drop from 12% to 10%.

- £10 million to fund projects that prevent abuse and support domestic abuse survivors.

- Expanding the 0% rate of VAT on women's period products to include period underwear.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Advice Plain and Simple is a trading name of William Chalice Limited which is an appointed representative of The Openwor...
23/11/2023

Advice Plain and Simple is a trading name of William Chalice Limited which is an appointed representative of The Openwork Partnership, a trading style of Openwork Limited, which is authorised and regulated by the Financial Conduct Authority.

Approved by The Openwork Partnership on 15/10/2025.

07/04/2022

An Agreement in Principle - or Decision in Principle - is an important step towards buying a home. It’s an indication from a lender of how much they are prepared to offer you in a mortgage.

Get one in place before you start looking at properties: it makes you a more credible buyer. We explain everything in our First Time Buyers podcast: https://mortgagesplainandsimple.co.uk/first-time-buyers/

Tel: 01905 347545
Email: [email protected]



YOUR HOME MAY BE REPOSSESED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

04/11/2021

A big thank you to Blake from Ocean Blue Graphics, for doing our signage.

As of today, we have a beautiful personalised office! 🥳

The country slowly is going back to 'normal,' and with that comes a fresh new look to our new place, so we can welcome you in style.

See if you can spot us on the A449, Kidderminster Road, or get in touch with our wonderful team and book in an appointment with one of our experienced advisers, to come see it for yourself.

We hope to welcome you soon!



Our contact details are below:

☎️01905 734545
💻www.mortgagesplainandsimple.co.uk
📧[email protected]

YOUR HOME MAY BE REPOSSESED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

BUY TO LET INVESTORS - Are you up to date with the latest EPC regulations?Since April 2018, landlords have been required...
06/10/2021

BUY TO LET INVESTORS - Are you up to date with the latest EPC regulations?

Since April 2018, landlords have been required to achieve a minimum rating of E on the Energy Performance Certificate (EPC) for their rental property for new tenancies or tenancy renewals.

From April 2020, this was extended to cover existing tenancies, meaning all rented properties now need to have an EPC rating of E, even where there has been no change in tenancy.

Under Government proposals, by 2025, homes in the private rental sector will need a minimum EPC rating of C for new tenancies and in 2028, this will extend to all homes in the sector.

So what do you need to do?..... Start planning for these changes now. If your buying a property, make sure the EPC is a C or has the potential to go up to a C after some home improvements. If you have a portfolio, review the EPC rating for each property. If they can't get them up to a C, then it might be time to sell and plan for potential capital gains.

What happens if you don't have a buy to let property with a rating of C when the changes go ahead?.... there will be the usual fines and penalties, but the real kick in the teeth will be when mortage lenders change ther criteria. This will mean you will need to have a minimum EPC of C otherwise you won't be able to remortgage to a new and potentially better rate.

Our contact details are below if you want to have a chat about your options:

☎️01905 734545
💻www.mortgagesplainandsimple.co.uk
📧[email protected]

Address

Unit 1, Hawford Business Centre
Worcester
WR12EY

Opening Hours

Monday 9am - 6:30pm
Tuesday 9am - 6:30pm
Wednesday 9am - 6:30pm
Thursday 9am - 6:30pm
Friday 9am - 6:30pm

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