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Month: November 2017

What is Data Protection?

Date 29 November 2017

As we are sure you are fully aware, digital technology has transformed nearly every aspect of our day-to-day life. Whether it be at home, work or even on holiday, our reliance on all things digital is evident, and most of us would be completely lost without our gadgets. This means that making sure our data is secure is a fundamental an...

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What Does The Stamp Duty Change Mean?

Date 28 November 2017

Chancellor Phillip Hammond announced in the budget last week that stamp duty will be removed with immediate effect for first-time buyers. Previously, stamp duty was paid on all residential properties above the price of £125,000. This clearly sounds a positive step in the right direction that could enable the younger generations to get their foot on the property ladder, who...

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Property Improvement Loans

Date 27 November 2017

Home improvement is one of the most popular reasons for people borrowing money, particularly now that property prices are high. This has led to a large number of homeowners looking for ways in which they can improve their current property and increase its value. This is often in order to either fetch a larger return on their property when put...

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What is Behavioural Underwriting?

Date 27 November 2017

Underwriting is the process by which lenders decide if a person is eligible for a guarantor loan, credit card or mortgage. Eligibility is measured in a number of ways, essentially in order to decipher if a person is a low-risk customer and are trustworthy enough to make repayments each month. ‘Behavioural underwriting’ focuses on the applicant’s user and demographic behaviour when making...

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Autumn Budget 2017: The Highlights

Date 24 November 2017

On the 22nd of November, 2017 the UK Chancellor of the Exchequer, Philip Hammond, delivered the Autumn Budget 2017 to Parliament. The budget outlines how the country’s money will be spent in the foreseeable future. What changes are being made, and how might they affect you? Read on to find out.   Brexit The Chancellor began by addressing the impenetrable...

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How To Get Work As A Freelancer

Date 24 November 2017

Thinking of taking the step of getting into freelance work? You aren’t the only one. According to IPSE the freelance sector in the UK has grown by more than 25% in the past decade, generating around £109 billion a year. The freelance lifestyle may have garnered a somewhat unfair reputation for being predominantly one of pyjama-wearing, being messy-haired, and often...

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What is Money Laundering?

Date 23 November 2017

The term ‘money laundering’ evokes an image of cleaning-up one’s money, which very aptly describes what money laundering is designed to do. Money laundering is the process of legitimizing money or assets obtained criminally. For example, one might convert money obtained through the selling of drugs into legal assets by putting them into the housing market, selling properties and thereby...

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