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

By Charles Kelly Business CoachBusiness

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

May 18, 2023 UK Renters Reform Bill Published – More Rights For Tenants, Less Power For Landlords
UK Renters Reform Bill Published – More Rights For
Tenants, Less Power For Landlords
The UK rental market is set to undergo a significant
transformation with the recent publication of the Renters Reform Bill. This
proposed legislation aims to strengthen the rights of tenants while limiting
the power wielded by landlords. With the increasing demand for affordable and
secure housing, the bill seeks to create a fairer and more balanced rental
sector.
Let's summarise some of the key provisions outlined in the
bill that will impact both tenants and landlords:
·
Section 21 ‘no fault’ evictions to be abolished.
·
The end
of section 21 “no fault” evictions, meaning a landlord will only be ‘allowed’
to evict a tenant if they have a “reason”, e.g. antisocial behaviour, unpaid
rent, or a need to sell the property
·
A new
ombudsman to resolve disputes between tenants and landlords
·
A new
property portal that landlords MUST register with, allowing tenants to view
information about their landlord before signing a tenancy agreement
·
Tenants
to be given the legal right to request a pet, such as a dog or cat, in “their”
home
·
A new
Decent Homes Standard that will set minimum standards for the quality of
housing
·
Blanket ban on benefit tenants to be abolished.
Will be illegal for landlords and
agents to have blanket bans on renting to tenants in receipt of state benefits.
The Bill will become law after passing through the commons
and House of Lords where it will be debated and scrutinised by MP’s and Lords.
The opposition Labour Party largely support the tougher legislation and the also
government has majority in parliament.
See also:
Interest Rates
Will Rise, Property Prices Will Fall And Opportunities Will Open Up
Misery For Mortgage
Holders As UK Interest Rates Rise AGAIN - https://youtu.be/BNe5eV37iiM
Join me online on my free live money management training
Wednesday at 8.00PM.
Places are limited, so register
now below to avoid disappointment.
https://bit.ly/3QPp8IH
#interestrates
#property #mortgages #remortgage #firsttimebuyer #mortgagerates
#homebuyers #estateagent #housepricefall #finance #moneytraining
#moneymanagement #wealth   #bankofengland #inflation #money #section21nofaulteviction
#landlord #rentersreformbill #tenantsrights
12 min
May 11, 2023 More Mortgage Misery For Property Buyers As Bank Raise Rates Again...Bank of England follow Fed and ECB with a 0.25% interest rate rise to 4.5%.
Bank of England follow Fed and ECB with a 0.25% interest
rate rise to 4.5%.
3 Steps To Success Money Management! To help you, I
am running a free
training webinar - https://bit.ly/3QPp8IH
Official inflation rate stands at 10.1% - five times the target
rate.
Food inflation is 19% according to official figures.
Will property prices keep falling?
See also: Interest Rates
Will Rise, Property Prices Will Fall And Opportunities Will Open Up - https://www.youtube.com/watch?v=ziTf2jOagB8&t=179s
Watch video version - https://youtu.be/BNe5eV37iiM
What is your biggest money worry?
We are living in challenging economic times.
I want to show you how can you:
·
Not only survive, but thrive in a recession or depression?
·
Get control of your finances and spending?
·
Save and invest for your future?
·
Learn about money and finance?
To help you, I am running a free
training webinar.
3 Steps To Success Money Management!
I want to take you to the next level, help you get control
of your money, learn how to invest and become financially free.
Join me online on my free live money management training
Wednesday at 8.00PM.
Places are limited, so register
now below to avoid disappointment.
https://bit.ly/3QPp8IH
#interestrates
#property #mortgages #remortgage #firsttimebuyer #mortgagerates
#homebuyers #estateagent #housepricefall #finance #moneytraining
#moneymanagement #wealth   #bankofengland #inflation #money #FED #ECB

11 min
May 11, 2023 More Mortgage Misery For Property Buyers As Bank Raise Rates Again...Bank of England follow Fed and ECB with a 0.25% interest rate rise to 4.5%
More Mortgage Misery For Property Buyers As Bank Raise
Rates Again
Bank of England follow Fed and ECB with a 0.25% interest
rate rise to 4.5%.
3 Steps To Success Money Management! To help you, I
am running a free
training webinar - https://bit.ly/3QPp8IH
Official inflation rate stands at 10.1% - five times the target
rate.
Food inflation is 19% according to official figures.
Will property prices keep falling?
See also: Interest Rates
Will Rise, Property Prices Will Fall And Opportunities Will Open Up - https://www.youtube.com/watch?v=ziTf2jOagB8&t=179s
Watch video version - https://youtu.be/BNe5eV37iiM
What is your biggest money worry?
We are living in challenging economic times.
I want to show you how can you:
·
Not only survive, but thrive in a recession or depression?
·
Get control of your finances and spending?
·
Save and invest for your future?
·
Learn about money and finance?
To help you, I am running a free
training webinar.
3 Steps To Success Money Management!
I want to take you to the next level, help you get control
of your money, learn how to invest and become financially free.
Join me online on my free live money management training
Wednesday at 8.00PM.
Places are limited, so register
now below to avoid disappointment.
https://bit.ly/3QPp8IH
#interestrates
#property #mortgages #remortgage #firsttimebuyer #mortgagerates
#homebuyers #estateagent #housepricefall #finance #moneytraining
#moneymanagement #wealth   #bankofengland #inflation #money #FED #ECB

11 min
May 06, 2023 Gold Price Reaches Record High Amid Bank Failures And US, ECB Interest Rate Hike
Gold Price Reaches Record High Amid Bank Failures And US,
ECB Rate Hike
This week the price of gold reached an all time high of
$2081, amid US bank failures and quarter percent interest rate hikes from the
Federal Reserve and ECB.
Join me online on my free live money management training. Places
are limited, so register
now below to avoid disappointment. https://bit.ly/3QPp8IH
Investors sought safety as another US bank faces collapse
following the rescues of First Republic Bank by JP Morgan.
Shares in California-based PacWest bank tumbled by 50% and
Western Alliance also plunged by almost 40%, as depositors lost confidence.
Watch video version - https://youtu.be/Glb75nkR0rw
Shares in several US regional banks have plummeted causing
the collapse of Silicon Valley Bank, while the regulators appeared to limit
support to the major banks. This has caused a mass transfer of depositor funds
to the safety of a big banks putting the whole regional bank system at risk.
The Bank of England is expected to follow the Fed and ECB
and raise UK base rates this month pouring more misery on borrower and driving
the economy into official recession.
See: Interest Rates
Will Rise, Property Prices Will Fall And Opportunities Will Open Up - https://www.youtube.com/watch?v=ziTf2jOagB8&t=179s
Is gold a safe investment?
Will property prices fall?
What is your biggest money worry?
We are living in challenging economic times.
I want to show you how can you:
·
Not only survive, but thrive in a recession or depression?
·
Get control of your finances and spending?
·
Save and invest for your future?
·
Learn about money and finance?
To help you, I am running a free
training webinar.
3 Steps To Success Money Management!
I want to take you to the next level, help you get control
of your money, learn how to invest and become financially free.
Join me online on my free live money management training
Wednesday at 8.00PM.
Places are limited, so register
now below to avoid disappointment.
https://bit.ly/3QPp8IH
#interestrates
#property #mortgages #remortgage #firsttimebuyer #mortgagerates
#homebuyers #estateagent #housepricefall #finance #moneytraining
#moneymanagement #wealth #blackstone #bankofengland #fed #money #gold
#goldprice #PacWest #SVB #JPMorgan #FED #ECB #bankofengland
19 min
May 06, 2023 Gold Price Reaches Record High Amid Bank Failures And US, ECB Rate Hike
Gold Price Reaches Record High Amid Bank Failures And US,
ECB Rate Hike
This week the price of gold reached an all time high of
$2081, amid US bank failures and quarter percent interest rate hikes from the
Federal Reserve and ECB.
Join me online on my free live money management training. Places
are limited, so register
now below to avoid disappointment. https://bit.ly/3QPp8IH
Investors sought safety as another US bank faces collapse
following the rescues of First Republic Bank by JP Morgan.
Shares in California-based PacWest bank tumbled by 50% and
Western Alliance also plunged by almost 40%, as depositors lost confidence.
Watch video version - https://youtu.be/Glb75nkR0rw
Shares in several US regional banks have plummeted causing
the collapse of Silicon Valley Bank, while the regulators appeared to limit
support to the major banks. This has caused a mass transfer of depositor funds
to the safety of a big banks putting the whole regional bank system at risk.
The Bank of England is expected to follow the Fed and ECB
and raise UK base rates this month pouring more misery on borrower and driving
the economy into official recession.
See: Interest Rates
Will Rise, Property Prices Will Fall And Opportunities Will Open Up - https://www.youtube.com/watch?v=ziTf2jOagB8&t=179s
Is gold a safe investment?
Will property prices fall?
What is your biggest money worry?
We are living in challenging economic times.
I want to show you how can you:
·
Not only survive, but thrive in a recession or depression?
·
Get control of your finances and spending?
·
Save and invest for your future?
·
Learn about money and finance?
To help you, I am running a free
training webinar.
3 Steps To Success Money Management!
I want to take you to the next level, help you get control
of your money, learn how to invest and become financially free.
Join me online on my free live money management training
Wednesday at 8.00PM.
Places are limited, so register
now below to avoid disappointment.
https://bit.ly/3QPp8IH

#interestrates #property #mortgages #remortgage #firsttimebuyer #mortgagerates #homebuyers #estateagent #housepricefall #finance #moneytraining #moneymanagement #wealth #blackstone #bankofengland #fed #money #gold #goldprice #PacWest #SVB #JPMorgan #FED #ECB #bankofengland
17 min
April 28, 2023 Interest Rates Will Rise, Property Prices Will Fall And Opportunities Will Open Up For Investors and First Time Home Buyers
The Bank of England (BoE) and Federal Reserve have hinted
that further rate rises are on the cards in order to tame rising inflation.
Join me online on my free live money management training. Places
are limited, so register
now below to avoid disappointment. https://bit.ly/3QPp8IH
Today’s Podcast Summary
·
Wholesale market rates point to a rate rise.
·
Inflation in the UK is currently 10.1%.
·
The BoE inflation target rate is 2%!
·
What do you think the BoE are going to do?
·
This will officially put the economy into
recession, cause property prices to fall and more homeowners lose their houses
through repossession.
·
Do they care?
·
RICS report predicts a fall in property prices
of around 5%.
·
Opportunities for first time buyers and property
investors as prices fall.
·
Blackstone have just raised $30 billion to buy
property.
What is your biggest money worry?
Watch video version https://youtu.be/ziTf2jOagB8
We are living in challenging economic times.
I want to show you how can you:
·
Not only survive, but thrive in a recession or depression?
·
Get control of your finances and spending?
·
Save and invest for your future?
·
Learn about money and finance?
To help you, I am running a free
training webinar.
3 Steps To Success Money Management!
I want to take you to the next level, help you get control
of your money, learn how to invest and become financially free.
Join me online on my free live money management training
Wednesday at 8.00PM.
Places are limited, so register
now below to avoid disappointment.
https://bit.ly/3QPp8IH
#interestrates
#property #mortgages #remortgage #firsttimebuyer #mortgagerates
#homebuyers #estateagent #housepricefall #finance #moneytraining
#moneymanagement #wealth #blackstone #bankofengland #fed #rich #money
18 min
April 28, 2023 Interest Rates Will Rise, Property Prices Will Fall And Opportunities Will Open Up For Home Buyers And Investors
Interest Rates Will Rise, Property Prices Will Fall And
Opportunities Will Open Up
The Bank of England (BoE) and Federal Reserve have hinted
that further rate rises are on the cards in order to tame rising inflation.
Join me online on my free live money management training. Places
are limited, so register
now below to avoid disappointment. https://bit.ly/3QPp8IH
Today’s Podcast Summary
·
Wholesale market rates point to a rate rise.
·
Inflation in the UK is currently 10.1%.
·
The BoE inflation target rate is 2%!
·
What do you think the BoE are going to do?
·
This will officially put the economy into
recession, cause property prices to fall and more homeowners lose their houses
through repossession.
·
Do they care?
·
RICS report predicts a fall in property prices
of around 5%.
·
Opportunities for first time buyers and property
investors as prices fall.
·
Blackstone have just raised $30 billion to buy
property.
What is your biggest money worry?
Watch video version https://youtu.be/ziTf2jOagB8
We are living in challenging economic times.
I want to show you how can you:
·
Not only survive, but thrive in a recession or depression?
·
Get control of your finances and spending?
·
Save and invest for your future?
·
Learn about money and finance?
To help you, I am running a free
training webinar.
3 Steps To Success Money Management!
I want to take you to the next level, help you get control
of your money, learn how to invest and become financially free.
Join me online on my free live money management training
Wednesday at 8.00PM.
Places are limited, so register
now below to avoid disappointment.
https://bit.ly/3QPp8IH
#interestrates
#property #mortgages #remortgage #firsttimebuyer #mortgagerates
#homebuyers #estateagent #housepricefall #finance #moneytraining
#moneymanagement #wealth #blackstone #bankofengland #fed #rich #money
18 min
April 24, 2023 Rents Jump By 20% As London Mayor Khan Calls For Rent Controls
Residential rents in the capital soar by almost 20% as
workers return to the city.

London Mayor Khan wants the government to give him powers
to impose a cap on rents, but is that the answer or will more regulation
exacerbate the shortage of available rental properties?

Tens of thousands of landlords are quitting the market and
estate agents Knight Frank estimated that 144,000 landlords have retired in the
last year.

See ⁠85,000 UK Landlords have quit the rental market⁠
- ⁠https://youtu.be/NME3nEu8dAQ⁠
Furthermore, higher interest rates and mortgage
restrictions have rendered many buy-to-let property deals unviable.

Buy-to-let landlords have had to contend with higher
taxes, and more red tape in the last few years, prompting many to look for
alternative business opportunities.

Watch video - ⁠https://youtu.be/rxqPIXYaLAc⁠

There are signs that the government may be getting the
message.

According to as yet unsubstantiated rumours, the
government may be pushing back its planned introduction of tighter EPC
requirements.

However, the abolition of ⁠Sec 21 no fault evictions⁠ looks
like it is going ahead, despite the fact that there is no workable
replacement.

With a pending recession and higher interest rates, house
prices have slumped by more than 4% from that peak, according to March's
figures from the Nationwide Building Society.
Prices have fallen for five consecutive months as the Bank
of England struggles to control inflation.
Does this mean
there will be a 2008-style crash? Much depends on government moves to balance
the economy, as no Prime Minister wants to face a general election during a
property crash.
If you would like to know more about property, money,
management and wealth building tips, I’m running a free webinar this week on
Wednesday evening at 8 pm.

Need help with your money, finances or debt?
We are living in challenging economic times.
I want to show you how can you:
·
Not only survive, but thrive in a recession or depression?
·
Get control of your finances and spending?
·
Save and invest for your future?
·
Learn about money and finance?
To help you, I am running a ⁠free
training webinar⁠.
3 Steps To Success Money Management!
I want to take you to the next level, help you get control
of your money, learn how to invest and become financially free.
Join me online on my free live money management training
Wednesday at 8.00PM.
Places are limited, so ⁠register
now⁠ below to avoid disappointment.
⁠https://bit.ly/3QPp8IH⁠
#interestrates
#property #mortgages #remortgage #firsttimebuyer #mortgagerates
#homebuyers #housepricefall #finance
#moneytraining #moneymanagement #wealth #money #EPC #buytolet #rentalproperty #Section21
11 min
April 24, 2023 7 Ways To Retire Financially Free, As 90% UK Workers Are Underfunding Their Retirement Pensions, IFS Reports
The Institute for Fiscal Studies (IFS) is planning a pensions review following research
which highlighted concerns about the "substantial risks" facing future pensioners.
Watch video - ⁠https://youtu.be/_7_cd2UWUEg⁠
Summary
·
The
multi-year review will examine the effects of changing economic conditions and
public policies on the future of financial security in retirement, including
how these effects differ by gender, ethnicity and across the UK.
·
The
review will also consider the impact of changing demographics and longevity
trends, as well as the impact on self-employed workers.
·
Reports
will be shared over the next two years, with concrete recommendations and
options for reform to be presented in Summer 2025.
·
IFS
research revealed that 60% of middle-earning private sector employees who are
contributing to a pension are saving less than 8% of their earnings.
Additionally, nearly 90% are saving less than the 15% of earnings previously
recommended by Lord Turner’s Pensions Commission.
·
The
review will also consider the risk facing future generations of pensioners and
the risk that too many are saving too little for retirement.
·
Here are seven ways to retire financially free:
1.
Start
Saving Early: The earlier you start saving for retirement, the more time your
money has to grow. You can use tax-advantaged retirement accounts/plans to
maximize your savings potential.
2.
Live
Below Your Means: Live a modest lifestyle and avoid overspending on unnecessary
items. Create a budget and stick to it, and consider downsizing or relocating
to a lower cost of living area.
3.
Invest
Wisely: Invest your money wisely in a diversified portfolio of stocks, bonds,
and other assets. Consider consulting with a financial advisor to help you
create an investment strategy that aligns with your risk tolerance and goals.
4.
Maximize
Your Income: Consider ways to increase your income, such as taking on a side
job or starting a small business. Maximize your earning potential by developing
new skills, pursuing advanced education, or seeking a higher-paying job.
5.
Pay Off
Debt: Avoid carrying high-interest debt, such as credit card debt, into
retirement. Pay off your debts as soon as possible to reduce your financial
obligations and free up money for savings.
6.
Plan
for Healthcare Costs: Healthcare costs can be a significant expense in
retirement. Consider purchasing long-term care insurance or a supplemental
health insurance policy to help cover these costs.
7.
Have a
Retirement Plan: Develop a retirement plan that takes into account your goals,
income, and savings. Monitor your plan regularly and make adjustments as needed
to ensure that you stay on track to meet your retirement goals.

Millions of people have lost faith in the complex and
muddled pensions system, preferring to do their own thing by investing in
things like buy-to-let property, business or trading directly on the stock
market.
Whilst this can work for some, ignoring the many benefits of
pension investing, such as tax relief, carries risk.
Need help with your money?
We are living in challenging economic times.
I want to show you how can you:
·
Not only survive, but thrive in a recession or
depression?
·
Get control of your finances and spending?
·
Save and invest for your future?
·
Learn about money and finance?
To help you, I am running a ⁠free
training webinar⁠.
3 Steps To Success Money Management!
I want to take you to the next level, help you get control
of your money, learn how to invest and become financially free.
Join me online on my free live money management training
Wednesday at 8.00PM.
Places are limited, so ⁠register
now⁠ below to avoid disappointment.
⁠https://bit.ly/3QPp8IH⁠

16 min
April 24, 2023 7 Ways To Retire Financially Free, As 90% UK Workers Are Underfunding Their Retirement Pensions, IFS Reports
The Institute for Fiscal Studies (IFS) is planning a pensions review following research
which highlighted concerns about the "substantial risks" facing future pensioners.
Watch video - https://youtu.be/_7_cd2UWUEg
Summary
·
The
multi-year review will examine the effects of changing economic conditions and
public policies on the future of financial security in retirement, including
how these effects differ by gender, ethnicity and across the UK.
·
The
review will also consider the impact of changing demographics and longevity
trends, as well as the impact on self-employed workers.
·
Reports
will be shared over the next two years, with concrete recommendations and
options for reform to be presented in Summer 2025.
·
IFS
research revealed that 60% of middle-earning private sector employees who are
contributing to a pension are saving less than 8% of their earnings.
Additionally, nearly 90% are saving less than the 15% of earnings previously
recommended by Lord Turner’s Pensions Commission.
·
The
review will also consider the risk facing future generations of pensioners and
the risk that too many are saving too little for retirement.
·
Here are seven ways to retire financially free:
1.
Start
Saving Early: The earlier you start saving for retirement, the more time your
money has to grow. You can use tax-advantaged retirement accounts/plans to
maximize your savings potential.
2.
Live
Below Your Means: Live a modest lifestyle and avoid overspending on unnecessary
items. Create a budget and stick to it, and consider downsizing or relocating
to a lower cost of living area.
3.
Invest
Wisely: Invest your money wisely in a diversified portfolio of stocks, bonds,
and other assets. Consider consulting with a financial advisor to help you
create an investment strategy that aligns with your risk tolerance and goals.
4.
Maximize
Your Income: Consider ways to increase your income, such as taking on a side
job or starting a small business. Maximize your earning potential by developing
new skills, pursuing advanced education, or seeking a higher-paying job.
5.
Pay Off
Debt: Avoid carrying high-interest debt, such as credit card debt, into
retirement. Pay off your debts as soon as possible to reduce your financial
obligations and free up money for savings.
6.
Plan
for Healthcare Costs: Healthcare costs can be a significant expense in
retirement. Consider purchasing long-term care insurance or a supplemental
health insurance policy to help cover these costs.
7.
Have a
Retirement Plan: Develop a retirement plan that takes into account your goals,
income, and savings. Monitor your plan regularly and make adjustments as needed
to ensure that you stay on track to meet your retirement goals.

Millions of people have lost faith in the complex and
muddled pensions system, preferring to do their own thing by investing in
things like buy-to-let property, business or trading directly on the stock
market.
Whilst this can work for some, ignoring the many benefits of
pension investing, such as tax relief, carries risk.
Need help with your money?
We are living in challenging economic times.
I want to show you how can you:
·
Not only survive, but thrive in a recession or
depression?
·
Get control of your finances and spending?
·
Save and invest for your future?
·
Learn about money and finance?
To help you, I am running a free
training webinar.
3 Steps To Success Money Management!
I want to take you to the next level, help you get control
of your money, learn how to invest and become financially free.
Join me online on my free live money management training
Wednesday at 8.00PM.
Places are limited, so register
now below to avoid disappointment.
https://bit.ly/3QPp8IH
16 min