Business

Mortgages explained: Everything you need to know about first-time buying | Personal Finance | Finance
Business

Mortgages explained: Everything you need to know about first-time buying | Personal Finance | Finance

First time buyers have faced a tricky time in recent years, with the double blow of increasing rent making it harder to save a deposit and rising house prices leaving many areas unaffordable.But there are some first time buyer mortgages that now offer a 95 percent loan to value option – meaning you could buy a home with just £5,000 in savings. But how do they work, and is it as good as it sounds?What is Loan to Value?A mortgage is based upon the purchase price of a house minus the deposit you have saved up to pay in cash on the day you buy. For example, if you saved £20,000 and bought a £200,000 house, your mortgage would be £180,000.The amount your mortgage makes up to the purchase price is the loan to value percentage. In this example, the LTV is 90 percent, as you have paid 10 percen...
British Savings Bond explained: Check if you can benefit from new NS&I account | Personal Finance | Finance
Business

British Savings Bond explained: Check if you can benefit from new NS&I account | Personal Finance | Finance

A financial expert has spoken about who would be best suited to the new British Savings Bonds.The three-year fixed rate bond has gone on sale through NS&I with a rate of 4.15 percent.Ashley Akin, senior tax associate and expert contributor at Dividend Earner, spoke to Express.co.uk about the advantages of the new account.He said: "One of the biggest advantages of British Savings Bonds is the unparalleled safety they provide."These Bonds are backed by Her Majesty's Treasury, meaning your initial investment is 100 percent secure - something very few savings vehicles can offer."This makes them ideal for risk-averse savers who place capital preservation above all else."The Bonds have previously been criticised for offering a low interest rate relative to rates available with other savin...
Mum turns £1,000 savings into global £1million luxury business | Personal Finance | Finance
Business

Mum turns £1,000 savings into global £1million luxury business | Personal Finance | Finance

DFG (Image: Helen Chapman)A mum from Hampshire is projected to turn over more than £1million this year from a business she launched with just £1,000.Helen Chapman, 50, is the founder of the award-winning million-pound baby shoe brand Dotty Fish, which sells podiatry-tested, luxury baby shoes at an affordable price.After receiving leather baby boots as a gift after her second child's birth, Ms Chapman fell in love with them but found similar high-quality shoes too expensive.In 2006, she founded Dotty Fish with £1,000 from her savings. Ms Chapman told Express.co.uk: “As a mother with two young children at the time, it was important for me to spend time with them, and I wanted to be my own boss.“Armed with just £1,000 from my savings and no e-commerce experience, I embarked on my entrepren...
Interest rates explained: What rises and plunges mean for savings and investment | Personal Finance | Finance
Business

Interest rates explained: What rises and plunges mean for savings and investment | Personal Finance | Finance

It looks like interest rates are set to fall in 2024 – but what does this mean for your savings and investments? While the Bank of England recently voted to keep interest rates at 5.25 percent for now, all the signs point to a drop later this year.The Bank of England is the central Government bank for the United Kingdom. It sets the interest rate eight times each year, which is the rate it decides it will pay commercial banks on their reserve balances.By setting this ‘base rate’, the Bank of England can help guide the market to encourage inflation (and attempt to avoid recession), as it impacts what your high street bank and investment banks will do with their interest rates, too.A higher rate set by the Bank of England means a higher interest rate on offer – but when it drops, so do co...
Peut-on hériter d’une maison en viager ?
Business

Peut-on hériter d’une maison en viager ?

Question à un expert Mon père avait acheté un bien immobilier en viager, dont j’ai hérité, dois-je continuer à verser la rente ? Lors d’une vente en viager, un vendeur (« crédirentier ») cède un bien à un acquéreur (« débirentier ») contre le versement d’une rente, souvent jusqu’au décès du vendeur. Il est donc usuel de traiter des effets du décès de ce dernier, qui entraîne généralement la fin du versement de la rente. Et si l’acquéreur décède avant lui ? Le décès du débirentier n’emporte pas fin du contrat. Les héritiers de l’acheteur sont tenus à verser la rente jusqu’au décès du crédirentier, de façon indivisible et solidaire. Lire aussi | Article réservé à nos abonnés Immobilier : de nouvelles opti...
Israel’s airspaces closed for domestic, international travel
Business

Israel’s airspaces closed for domestic, international travel

Fox News correspondent Jennifer Griffin reports on mounting tensions in the Middle East as Iran vows to attack Israel in retaliation for an Israeli strike in Syria. Airlines canceled flights to and from Israel as the country fended off a barrage of missile and drone attacks from Iran on Saturday. Israel prepared for the missile and drone attacks by closing its airspace to both domestic and international airlines starting at 12:30 a.m. Sunday local time.In a statement to Fox News Digital, United Airlines said that it canceled Saturday's flight from Newark Liberty International Airport to Ben Gurion International Airport, in Tel Aviv, Israel.  "We are closely monitoring the situation and will make decisions on upcoming flights with a focus on the safety of our customers and crews," t...
Debt anxiety means one in four can’t bear to look at bank balance | Personal Finance | Finance
Business

Debt anxiety means one in four can’t bear to look at bank balance | Personal Finance | Finance

Almost 11 million are kept awake at night over money concerns and many can’t bear to look at their bank balance, according to new research.At the same time, three out of five – 60 percent - are concerned about how factors outside of their control will affect their finances.The figures come from a household finance and savings tracker compiled by the UK bank Aldermore.Its experts said that, while many may be tempted to bury their heads in the sand when it comes to dealing with debts, ignoring debt is the worst thing to do for people who are suffering from anxiety.Director of Savings at Aldermore, Alex Myers, said: “It’s understandable that many people have heightened anxiety over their finances as the cost-of-living crisis continues to squeeze finances.“While we can’t control the wider e...
Rhode Island CVS pharmacies file to unionize
Business

Rhode Island CVS pharmacies file to unionize

Licensed pharmacist Shane Jerominski details why he is helping coordinate a three-day walkout with pharmacists from CVS and Walgreens. Two CVS pharmacies in Rhode Island, the state where the company's corporate headquarters is located, filed to unionize Friday as workers across the industry continue to highlight an escalating staffing crisis and cite concerns about patient safety.  Pharmacists at the stores in Wakefield and Westerly are seeking to join The Pharmacy Guild, a U.S. trade union exclusively specializing in representing and unionizing pharmacy professionals, to fight for higher staffing levels, which they argue will lead to optimal patient safety and care outcomes. Both pharmacies are standalone 24-hour pharmacies. Ticker Security Last Change Change % CVS CVS HEALTH CORP...
Elon Musk hosts Argentine President Javier Milei at Tesla headquarters
Business

Elon Musk hosts Argentine President Javier Milei at Tesla headquarters

Former Tesla board member Steve Westly joins ‘Varney & Co.’ to break down the automaker's Q1 delivery report and its potential impact on the stock market. Tesla CEO Elon Musk hosted Argentine President Javier Milei at the electric vehicle giant's headquarters in Austin, Texas, on Friday, where the pair reportedly agreed to work together to promote free markets and discussed potential lithium projects. The Wall Street Journal reported this was the first face-to-face meeting between the pair, who have praised each other on Musk's social media platform, X, for months. The Journal referred to their relationship as a "bromance." President of Argentina Javier Milei (R) poses for a picture next to Tesla CEO Elon Musk (L) at Gigafactory Texas on April 12, 2024, in Austin, Texas. Ar...
Maryland man wins lottery jackpot after years of bad luck
Business

Maryland man wins lottery jackpot after years of bad luck

Check out what's clicking on FoxBusiness.com A Bowie, Maryland man who played the lottery primarily to convert his losing tickets to "points" is now $50,000 richer after he won the top prize in a scratch-off game.  The man, who did not wish to be identified, told the Maryland Lottery that he normally focuses on redeeming his non-winning scratch-off tickets for points that can be redeemed for items. He said he hopes to one day have enough points to get a computer.  STRESSED MARYLAND MAN BUYS LOTTERY TICKET, WINS BIG PRIZE But, his luck changed recently with the purchase of a "$5 Hot 7s Tripler" ticket, which saw him win $50,000 – the most he has ever won in a lottery game. Prior to his big win, the man said his typical lottery routine would be to purchase "a few" instant win tickets...