LenRose Wealth Management

17/11/2020

If you have received an email which you’re not quite sure about, forward it to the Suspicious Email Reporting Service (SERS): [email protected]
You can also report and get advice about fraud or cyber crime by calling 0300 123 2040

Due to the ongoing COVID-19 situation, our contact centre is currently providing a reduced service. If your UK, business, charity or organisation is currently under cyber attack and data is potentially at risk please call 0300 123 2040 immediately and press 9. You can continue to make reports of fra...

26/08/2020

Late Summer Update & Newsletter - https://mailchi.mp/4edfb7f71c51/late-summer-update-newsletter

28/05/2020

What interest rate are you getting on your bank and building society deposit savings and cash ISAs? If like many you have had an interest rate reduction to 0.1% maybe you should consider NS&I Products...

NS&I is backed by HM Treasury, meaning all money invested is 100% secure. This unique protection can provide a risk-free foundation to any financial plan, giving you absolute peace of mind.

Headline rates as at 28th May 2020 are:
- Premium Bonds 1.40% variable (all prizes are tax free - the odds of each £1 unit winning a prize are 24,500 to 1 each month)
- Direct ISA 0.90% AER variable and tax-free
- Junior ISA 3.25% AER variable and tax-free
- Direct Saver 1.00% AER variable gross
- Income Bonds 1.15%/1.16% gross/AER variable
- Investment Account 0.80% gross/AER variable

Terms and conditions apply, for forms, literature or to find out more please get in touch
Tax treatment is dependent on individual circumstances and may be subject to change in the future.

28/05/2020

Did you know?
From 6 April 2020 your employer can pay you up to £6 a week (£26 a month) to cover your additional costs if you have to work from home. For previous tax years the rate is £4 a week (£18 a month).

Claiming tax relief on expenses you have to pay for your work, like uniforms, tools and travel

27/05/2020

Bounce Back Loan (BBL) scheme
Launched 7 May, the BBL scheme provides loans from £2k up to 25% of a business’s turnover (up to a maximum loan of £50k).
The scheme will initially be open until 4 November 2020. Here are some details:
• Loans are up to 6 years in length, with a fixed interest rate of 2.5% per annum, and are 100% backed by the Government.
• Lenders are not permitted to charge any fees.
• There are no interest or capital repayments in the first year, and no early repayment fee.
• Loans can be used to “provide an economic benefit to the business”, such as for working capital, and cannot be used for personal purposes. There are no limits on the amount of the facility that can be used for refinancing.
• A borrower cannot also have a Coronavirus Business Interruption Loan Scheme (CBILS) loan.
• Application is through an online form with a British Business Bank-accredited bank. Borrowers who already have a business account should see their loan application processed within days.
For more information about the BBL scheme, go to - https://www.british-business-bank.co.uk/ourpartners/coronavirus-business-interruption-loan-schemes/bounce-back-loans/faqs-for-small-businesses/

Bounce back loans (BBL) are proving to be a more successful route to emergency finance than the coronavirus business interruption loan scheme (CBILS) just a few weeks since launching, research claims. Analysis by consultancy Rangewell...

26/05/2020

Property valuation partners for lenders have recommenced physical property assessments, valuers have now started to work through the backlog of mortgage applications where a physical valuation is required to facilitate final assessments and offers.

Whilst the majority of the valuations received back from the valuers will support the applications to proceed to offer, there will inevitably be applications where the valuation returned is less than expected and we will be working with our clients to obtain the best outcomes.

This guidance applies to people moving into homes in the private or social sector.

22/05/2020

Service Update - LenRose Wealth Management -

16/04/2020

LenRose Wealth Management Client Update - 16th April 2020 -

Please visit our website to view the above publication - www.activefinancialmedway.co.uk

24/03/2020

Market Fluctuation 2020 -

Covid-19 / Coronavirus   Over the past few weeks we have seen significant volatility in global stock markets and as a result, seen a drop in the value of investments   The value of the FTSE100 (the Financial Times Stock Exchange largest 100 companies by market capitalisation) fell from 7,404 point...

23/03/2020

Lender update - "Mortgage Payment Holidays may not be available to those with more than one month in arrears. If you are due to complete a product transfer, you will need to do this prior to requesting the payment holiday as most lenders can’t switch during the holiday period."

Please check your mortgage product end dates in case they are due within the next 3 months as you will need to consider all your options and the impact on your finances including; a remortgage to a new lender, product switches and payment holidays.

20/03/2020

Self -employed announcement:
The universal credit minimum income floor will be suspended, meaning self-employed people can access universal credit ‘in full’ at a rate equivalent to statutory sick pay for employees.
The next self assessment payments will be deferred until 2021.
Other plans to boost the economy include a VAT break, which will see firms pay no VAT until June and then be given until the end of 2020 to pay these bills.
And for the next 12 months the universal credit standard allowance and working tax credit basic element will be increased by £1,000 per year.

‘"The truth is, we are already seeing job losses and there may be more to come," Sunak said. "I cannot promise that no one will face hardships in the weeks ahead.
"I know it’s difficult out there, we in government will do everything we can. We said we would stand together and we meant it.’"

20/03/2020

New measures today:
- Pubs, cafes, restaurants, theatres, cinemas, clubs, gyms and leisure centres to close by tonight
- Coronavirus Job Retention Scheme announced. Employers can apply to HMRC for grants to cover wages, 80% of salary up to a maximum of £2500pm for 3 months initially. Backdated from 1st March
- Business interruption loans will be interest free for 12 months
- VAT payments deferred until end of June
- £1bn of support for renters

Shops are still allowed to remain open, food take outs encouraged.

The Government are doing there part, we must all do ours. Protect jobs, protect lives is the message
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