Money Tips Daily by Charles Kelly, former IFA and author of

Big changes for the private rented sector, leaseholds and property adverts, as UK prices continue to rise In this episode of UK Property Talk: UK property prices still rising despite global economic slowdown. Rightmove, the online property listing portal, confirms its compliance with new listing guidelines to include more information on each property. Rightmove portal details for properties will i...

House prices hit a new high in June, according to Halifax, despite expectations the rising cost of living in the UK would slow demand. The UK’s biggest mortgage lender said the average house price reached £294,845 in June after rising by 1.8% - the steepest monthly increase since 2007. Halifax sighted a “lack of available homes” for sale was lifting prices as well as a shift towards people buying...

US Stocks Record Worst First-Half Fall In 50 Years Global stocks down amid war and recession fears, while household incomes are falling. US stock markets have suffered the sharpest first-half slump in 50 years, with the S&P 500 down by 20.6% and the tech-heavy NASDAQ tumbling 30% in the last six months. London and Wall Street shares were down again this week as markets react to fears of a glob...

Buying And Selling Property At Auction UK PROPERTY TALK Key things to consider when buying or selling at auction: Do you know the difference between buying at auction and buying through the traditional private treaty method that most people use in traditional estate agencies? Are you buying through traditional or modern auction? Have you done ALL your homework and survey checks before the auction?...

Strikes, Gas Shortages, Higher Interest Rates and Inflation Point To A Summer of Discontent and Recession Rail unions strike for higher pay and better working conditions. More industrial action on the way threatening to stall the economic recover and drive the country into recession. The US and China, the world’s two biggest economies are also stalling, and Germany is facing gas rationing. Inflati...

Interest rates have been increased from 1% to 1.25%, the fifth consecutive rise, to reach the highest level in 13 years. In America, the Fed went further raising rates by .75% to a target range of 1.5-1.75 percent and forecasts a 3.25-3.5 percent fed funds rate by year-end. It comes as finances are being squeezed by the rising cost of living, driven by record fuel and energy prices. Inflation - th...

Apple will launch a new ‘buy now pay later service’ (BNPL) scheme in the US to spread the cost of purchases over four to six weeks. The BBC reported last December that over 15 million people in the UK are already using BNPL services run by the likes of Klarna, Clearpay, Laybuy and PayPal. Challenge to traditional; banks. Citizens Advice reported concerns that 12 million adults are using BNPL servi...

Has The Property Market Crash Started? In this episode: Market slowdown has already started in UK and US. Sales activity slowing as mortgage rates soar. Property slowdown usually follows a stock market fall, which has happened. Affordability at record high Average UK salary - £31,772 (2021) Average UK house price £278,000 (March 2022) 278,000/31772 = 8.75 x average salary to buy an average propert...

How To Solve The Energy Crisis At A Stroke Soaring oil and gas prices are crippling western economies and ordinary people are suffering. But there is a way western leaders can end the energy crisis in an instant… watch video . Check out full video - https://youtu.be/t-yniGn_SKA ECB Warns Of Housing Market Bubble The European Central Bank has warned this week that a housing market correction – caus...

Global share prices experienced sharp falls in UK, US and Asia as rising prices and slowing economies spook investors. On Wednesday, US shares recorded the biggest one-day drop in two years since the start of the pandemic. The NASDAQ plummeted 4.7% and has opened down again continuing a longer-term decline – down 18% YTD and the DOW JONES declined 14% since the start of 2022. It’s not only tec sto...

Trouble Ahead For UK Landlords As Section 21 ‘No Fault Evictions Will Be Abolished In this episode: · Renters Reform Bill announced in Parliament. · Planning reform · Property prices · Demand has jumped for properties where all the bills are included in the rent, according to Rightmove. · The property website said inquiries for build-to-rent homes with bills included had risen by 36% over the past...

Interest rates rise as Bank of England warn of recession and 10% inflation The Bank of England has warned that the UK economy will shrink this year as it raises interest rates to try to stem the pace of rising prices. Base rates were hiked to 1% from 0.75% (50% higher), their highest level since 2009 and the fourth consecutive increase since December. With fuel, energy and food costs soaring partl...

The world’s largest economy contracted by an annualised rate of 1.4% in the first three months of this year. The sharp drop follows growth of over 6% in the final quarter of 2021. Business insolvencies in England and Wales jump to 60 year high. Rapid increase in voluntary liquidation is driven by inflation and supply chain difficulties. World Bank warns of human food catastrophe and war causes sho...

Food shortages and even rationing could be on the way as the Russia Ukraine war continues. Sanctions against Russia are forcing up the price of everything from oil and gas to wheat and Fertiliser chemicals. This is adding to existing problems of inflation caused by ‘government money creation’, soaring shipping costs and supply chain issues in China. Farmers are warning of coming food shortages, as...

The controversial Tesla boss has offered $54 a share valuing Twitter at $40 billion. Musk, who refused a seat on the board after becoming Twitter’s largest shareholder earlier this month, said he is the right person to “unlock” the social media platform’s “extraordinary potential”. As the share price jumped 5%, he warned that he would have to “reconsider” his stake in the company if his bid was re...

UK house prises continue to rise due to a shortage of family homes, the Halifax reports Despite the worst recession since the second world war, the price of the average home in the UK has rocketed by £43,577 since the start of the first lockdown two years ago, the Halifax has said. The UK’s biggest mortgage lender said the 18.2% rise increased the cost of an average home to £282,753. Buyers seekin...

Are Your Learned Limiting Beliefs Holding You Back? Many of us have baggage that we carry around throughout our lives like a camel. Most of these limiting beliefs or fixed ideas are things that we have learned through experience from people or events in our lives. Some of these come from a parents, friends, lovers, teachers and so on. Watch video version . Unfortunately, many of these beliefs are...

5 Inflation-Busting Tips To Survive The Coming Recession Spring may be in the air, but the economy is still very much in winter ! Like the seasons, the economy and markets are subject to natural cycles. We have had a long upturn and bull market and now we are entering a downturn or bear market. Inflation has reached a 40-year high, prices of everything going through the roof and a war causing a fo...

The US Federal Reserve is raising interest rates for the first time since 2018 in an attempt to bring fast-rising prices under control. The US central bank said it was lifting its benchmark rate by 0.25% and signalled plans for further rate rises in the months. Watch video version The Bank of England increased rates for the third time in the last six months to .75%. The moves come as the economy f...

Sanctions on Russia are having a negative impact on Western economies at a time when they were starting to recover from the pandemic led recession. As the US and UK bans imports of Russian oil, and price of oil soars to near record levels, it has been reported that Middle East leaders refused to speak to President Biden. This could signal a major shift in the world balance of power away from US do...

Oil and Gas price soar amid supply chain worries after the Russian invasion of Ukraine. With inflation already soaring to 30-year highs there is no sign of relief for businesses and consumers recently hit with higher prices for petrol and gas. UK and European stock markets fell sharply with the FTSE 100 closing down 190 points (2.57%) and the FT250 down 696 or 3.57%. US markets are also down wipin...

Markets Crashing Around The World As Russia Invades Ukraine Billions are being wiped of the value of stock markets all over the world today on the news that President Putin has sent his army into Ukraine. The prices are flashing red and moving down. On Thursday, the FTSE lost over 3% or 300 points and the Dow Jones was down nearly 700 points by 2%. Watch video version - https://www.linkedin.com/gr...

What can you do to prepare for the coming recession? Signs of a downturn include: Watch video version 8 tips to survive the coming recession 1. Make a spreadsheet of all your income and outgoings. I cover this in my books and many of my podcasts. This is vital if you are going to get control of your finances and a must during a downturn when your income will be squeezed. 2. Tighten your belt. Cut...

With central bank rates rising around the world to control inflation, mortgage rates will be going up for millions of borrowers. If you have a long-term fixed rate mortgage you have nothing to worry about at the moment. However, roughly one quarter of borrowers in the UK are on variable or tracker rates, which means they could be facing substantial payment increases as base rates look set to conti...

Interest Rates Double To 0.5% To Cool Soaring Cost Of Living As Energy Bills Jump By £800 To An Average Of £2000 PA The Bank of England have hiked base interest rates for the second time in months to curb inflation, with food inflation running at over 20%. Press rises for basic utilities will inevitably suck money out of the wider economy driving the country into recession. The ECB is widely expec...