A Question of Succession
I recently attended the Solicitors Regulation Authority (SRA) Compliance Officers conference at the ICC in Birmingham and in one of the breakout sessions “Succession Planning” was hotly debated. In recent years the question of succession planning and run-off insurance is being asked of me more and more, particularly by law firms in the four partner […]
Older Borrowers Brings A Suite Of Retirement Interest Only Mortgages
Leeds Building Society has officially launched their suite of ten-year retirement interest-only (RIO) mortgages and made some criteria changes to provide greater flexibility to senior borrowers. The new products include a free standard valuation and a £999 product fee. To meet the product criteria, customers will need to be aged between 55-80 when applying and […]
Inheritance Tax Payments On The Rise – £5 Billion Paid In 2018
According to the most recent statistics by HM Revenue and Customs (HMRC) Inheritance Tax (IHT) receipts hit a record high of £5.2 billion in 2018. This is an increase of £400 million on the figures from a year earlier. Receipts for the six month period between April and December found that the IHT paid was […]