Cavendish Financial Solutions

21/03/2024

With only 1 year to go until Stamp duty thresholds are reduced - is it now time to Buy or Buy and Sell?

Changes from 31st March 2025-

First time buyers SDLT threshold will be reducing from £425,000 to £300,000.

Home Movers/Subsequent buyers threshold will reduce from £250,000 to £125,000.

Thinking of buying or moving then give us a call - 01323 412013

Call now to connect with business.

08/03/2024

Would beating the tax man mean selling your AIRBNB Furnished Holiday Lets?

The Chancellor has announced from April 2025 that they will abolish the current tax treatment for Personal FHL.

If you decide to sell your holiday home, then you will need to pay Capital Gains Tax (CGT). The current CGT for residential properties is 18%, or 28% if you pay a higher rate of tax from April 2025.

However, as an FHL is considered a business, the gains on the property may qualify for Business Asset Disposal Relief (formally known as Entrepreneurs’ Relief). If your property qualifies you will pay a reduced CGT of just 10% if you sell before April 2025.

‘Roll-over’ relief may also be available if you intend to use the gains from the sale of your FHL to purchase a new one or reinvest it in another business. This type of relief allows you to defer paying capital gains tax until you sell the second property. Could sale and then purchase through a limited company be the way forward?

We don’t claim to be tax advisors, but we can help you along with your tax advisor to steer you through. So, if you’re worried then please contact us for an informal chat.

29/02/2024

Introducing Critical Illness Cover - Call 01323 412013 or message us to arrange a confidential chat.

26/02/2024

Experience Matters.

A lot can go into finding a mortgage that’s the right fit for you so, before you go with a lender because your brother-in-law’s car mechanic said his buddy got a good deal from XYZ Mortgage Company, you might want to do a little homework on your own.
And here’s a great place to start.
Ask what kind of experience the mortgage advisor has.
This is an especially important question if you’re a first-time home buyer or if you’re refinancing. Getting a mortgage is not a walk in the park and it’s good to have someone in your corner to guide you through the process.
Here are a six important considerations and questions to ask.
1. Are they easy to get a hold of?
2. Do they answer requests in a timely manner?
3. Do they provide honest, straightforward answers?
4. Do they communicate the way you do – phone, email, text, client portal etc.?
5. Are they experienced?
6. Are they independent with whole of the market access or do they have a restrictive panel?
There is certainly more that goes into the decision-making process, but if the mortgage advisor doesn’t pass the experience test, move to the next one on the list – regardless of what your pet groomer’s brother might say.

15/02/2024

A recent review of one of our happy customers that is now mortgage free!

14/02/2024

Don't get blown off course this Valentines day!

13/02/2024

Know Where You Rate, When It Comes To Rates.

Getting the lowest rate possible for your situation is important. But finding the best rate on your own, or worse, relying on a single loan provider for rate information, won’t always get you the full story or the best rate.
Before you ask the rate question, it’s important to know what type of loan you need and your credit score. Different loans will offer different rates and credit scores have an impact on rates, too. Instead of asking what the current mortgage rates are, ask for specifics.
For example, “I have a credit score above 700, and I want a £300,000, 30-year, fixed-rate, conventional loan, and I have 20% deposit saved for a down payment. What are your rates today?”
Knowing your credit score and specific loan needs are only half the battle.
Interest rates fluctuate daily, so you’d need to get an accurate comparison. you’d have to get the mortgage rate quotes all on the same day.
Using a mortgage broker who can do the comparison shopping for you with a variety of lenders saves you time. The mortgage broker will even help you identify which loan or loan options best fit your particular situation. The broker can find apples-to-apples loan products and mortgage rates so you don’t have to do the legwork yourself with multiple lenders.

Call now to connect with business.

13/02/2024

Home is where the heart is, but perhaps it's time to give your mortgage some TLC., Your Love the savings that can be made. Message or call us on 01323 412013

02/11/2022

US interest rates increase by 0.75% and this now makes the federal reserve rate 4%

14/10/2022

Is time up on your Mortgage?

11/10/2022

Best advice is to get advice!

16/03/2021

Our first lender offering 95% mortgages is available from Wednesday the 17th March. Please call or message us for enquiries 01323 412013