Stocks and Shares – more like Shocks and Scares?

This week has seen some pretty volatile movements in the stock markets.  I’ve not been paying much attention to the news but I’m sure it’s a combination of US sanctions, problems in the Middle East, blood letting FAANGs and new next financial crisis beginning.  It almost makes you take you eye off the Brexit shenanigans!

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Month-end Accounts: Net Worth August 2018

Another month is over, so here are my accounts for the month.

Geriatric Interest Only Mortgages

I just read that now older mortgage holders will be able to continually rent their home until around the time they move into an old folk’s home (or die).  Accordingly, Leeds’ Building Society has new INTEREST ONLY mortgages offered to borrowers aged 55 to 80.

Well – when your house could have earned more money than you have in your lifetime, why should you not just MEW be increase in price and continue the luxurious of mortgage usury?

Lifetime ISAs – the best thing that shouldn’t exist

Link I read this yesterday and I was very surprised.  Apparently, the LISA might be scrapped because the Treasury Committee says they are ‘complex and offer perverse incentives”.