Record Rental Rises Hit the UK

A recent report by the Royal Institution of Chartered Surveyors has suggested that UK rents are expected to increase by a huge 15% over the next five years. There have been a number of factors that have led to increasing rent bills, with the rises affecting the whole of the country.

A combination of a historically undersupplied market and a sharp rise in the amount of UK renters has created the perfect conditions for rent rises. Though bad news for the growing number of renters, it’s great news for property investors who can expect to see rental yields continue to rise. Rent rises across the country mean that investors can make even more from buy to let property investments, and certain cities like London and Manchester are experiencing record population growth.

The demand for rental property in the UK has reached record levels, with 20% of UK households now living in private rented accommodation. A range of factors such as difficulty buying a first home, a multi-city lifestyle and the ‘generation rent’ mindset have all contributed to this increasing demand. The number of people living in rental accommodation has increased in most age ranges, showing a diversifying rental market. Population increases in UK cities are also leading to an increasingly competitive rental market, with more people than ever looking for rented accommodation.[Continue Reading…]

Moving business cash safely and efficiently

There are all kinds of reasons why a business leader may choose to move cash around within the firm. Perhaps you’re planning to set up a new branch or service, and the team responsible for it needs funds in order to lease spaces or buy equipment. Maybe you’re looking to buy up a foreign company in order to expand, and you need to get cash abroad in order to secure the deal on the ground. Whatever reason you have for moving money around, though, it’s important to do it in a secure and cost-effective way – otherwise, you may find that it’s more trouble than it’s worth.

Keep records

The first thing that you should do when moving cash for your business is keep a record. When filing this record, you need to state clearly who received the money, what the amount was, the date, and – crucially – the purpose. Without this, it may be a nightmare for you or your accounts team to reconcile the transactions at a later date – and in the long run, it’s not sustainable to have endless disorganised records floating around. Not only will keeping accurate records of any money moves be a smart choice when it comes to working out your profit and loss, but these records will also often be needed by authorities of various types – including HMRC when the time to file your annual tax return rolls around.[Continue Reading…]

Why all Businesses need to understand their Demographics’ Spending Habits

Businesses cannot exist without their clients or consumers, and as such, understanding their demographic is a key part to any business’ success. One aspect of their behaviour that far too many businesses overlook, however, is their demographics’ … [Continue reading]

Best Forex Brokers for Beginners On The Market – 5 Main Rules Of Choosing

Forex trading is one of the most accepted ways of making money. One of the primary requirements for successful trading is to choose a good brokerage company. Choosing the best broker requires a lot of research and patience. To help beginner traders … [Continue reading]

How to make your business water strategy more sustainable

Having a sustainable water strategy can do a lot more than just care for the environment – there are more costs behind water than the price of the water itself, and many businesses don’t realize this until it’s too late. Total Water Solutions … [Continue reading]

Landlord Insurance FAQs

Do I need landlord insurance? There is no legal requirement for you to have landlord insurance if you are letting your property to tenants – and it is not generally a condition when applying for a licence for let property when one is needed from … [Continue reading]

Over 50 life insurance tips

Unsurprisingly, perhaps, the Association of British Insurers (ABI) stresses the importance of having the protection of life insurance, since it may help to safeguard your family and loved ones against a number of financial hardships. The death … [Continue reading]

Never underestimate yourself as a trader

People have the habit to always compare themselves with the other trades. It is wrong and you do not know what your future has in stock. Sometimes you may feel that you are not worthy of your investment and you should do what other people are doing. … [Continue reading]

Forex Trading

Forex trading is a thriving industry especially in the US. It has been in existence for over ten years and is the most popular liquid market in the world. On average, the daily forex trading exceeds 5 trillion dollars. All the other trading stocks do … [Continue reading]