Jane Horton and her late husband David were given a 35-acre farm in the New Forest as a wedding gift in 1975. David was tragically killed in a riding accident in 2013 and after eight tiring years running the farm alone, Jane, 72, decided to put it on the market. Yet instead of being able to enjoy retirement, she was stunned to discover she would have to pay £1 million to clear a £384,000 equity release loan the couple had taken out 13 years earlier.
I booked two pilgrimages with Joe Walsh Tours to Medjugorje in Bosnia and Herzegovina and to Padova [Padua] in Italy. Both were rescheduled from the original dates to 2021. I made payments of £574 and £50 by cheque in December 2019. I paid the balance of £900 for the Padova trip by bank transfer on January 31, 2020.
MARKET REPORT: Sterling hammered by UK energy crisis amid fears shortage of goods and workers could derail the recovery
On a tumultuous day on financial markets from foreign exchange to commodities and equities, the pound sank almost 1.3 per cent back towards $1.35 against the dollar. That was its lowest level since January. It was also down more than 1 per cent against the single currency, dropping below €1.16.
Goodbye to the GB sticker: British motorists driving into Europe need to display new 'UK' number plates and stickers on their cars from TODAY
Motorists driving their cars into Europe will from today need to display a new UK number plate or sticker, with the traditional GB sticker used on the back of cars no longer valid from 28 September. Anyone intending to use their UK-registered motors in Europe with a GB number plate will need to display a new 'UK' sticker, or have to order fresh number plates with the UK symbol displayed on the left-hand-side. The change is intended to be more inclusive of Northern Ireland in the wake of Brexit but sparked fury from drivers and motoring group who have since bemoaned the loss of the long-running GB emblem.
'An investor who backed London's 70 IPOs this year would be up 42%': DAVID BUIK on why City floats are bouncing back
Worries over inflation are denting stock market hopes, but 2021 has proved to be a good year for floats in the City of London, says David Buik. He says that an investor who took an equal stake in just over 70 UK IPOs this year would be have made a return of 42 per cent. He takes a look at why flotations are back in London and there may be more to come.
You don't need to be Warren Buffett or a high-rolling Wolf of Wall Street to build and benefit from a shares portfolio. Stock market investing is open to anyone with a little bit of money to set aside for the future. But how can you make sure you get it right? Here are some pointers for investing in shares.
I'm £3.51 over the limit to claim pension credit so lose hundreds of pounds' worth of other benefits - how is this fair? Steve Webb replies
How can this be right when if you're on less than £177.10 per week you're entitled to no end of help, which makes me worse off than the person getting the minimum amount. In real money I am worse off by hundreds of pounds, for example from a free TV licence, help with glasses and dentist bills, and so on. Please could you explain why this is not in scale with the £3.51 I am over per week. I appreciate there has to be a line drawn somewhere but the way it is happening is most unfair to people like me.
Our savings picks: This is Money's five favourite best buy cash Isas - rates are nudging higher, but none come close to beating inflation...
Although cash Isas don't currently offer fantastic rates, it is still worthwhile opening one to shield money away from the taxman. Lee Boyce picks his five favourite cash Isas for savers in 2021 - essential reading to help you choose a top savings account for your money. This page is kept up-to-date throughout the year - bookmark it for the very latest developments.
Should you invest in a VCT? A 30% income tax break, dividends paid tax-free and the chance to back exciting growth stars... but beware the risks
VCTs have enjoyed a boom in demand as investors flock to generous tax breaks - and ability to back up-and-coming businesses that have become hot property. In return for this higher risk investing in the companies seen as the future drivers of economic growth, investors get up to 30 per cent income tax relief and tax-free dividends. Recent high profile successes for venture capital include online used car seller Cazoo and fashion marketplace Depop.
Number of homes snapped up this year will be highest since the financial crisis, report suggests - and prices will soar 21.5% in the North East by 2024
By the end of 2021, the estate agent Hamptons forecasts that 1.5m homes will have been sold across Britain - the biggest number since 2007. It believes property price growth will slow in the coming months. But, despite that, it estimates that values across Britain will be 13.5 per cent higher by 2024.
Motorists can cash in on boom in second-hand car prices by selling their unwanted vehicles for a bumper profit
Average prices have rocketed 20 per cent since April, with even family cars attracting huge premiums. This price boom is due to an acute shortage of new vehicles - and a plethora of buyers, armed with spare money they did not spend on a foreign holiday. Motor analyst Cap HPI's latest data shows that the average price of a second-hand car has increased by a fifth in the past five months. Normally, they would have depreciated 5 per cent over this period.
The South West Water owner said Covid has led to a 'substantial' increase in population in the regions it serves, which also include parts of Dorset and Somerset, and the Isles of Scilly. This, and local businesses ramping up demand as they reopened after lockdowns, have resulted in 'record' water usage and an increase in overall revenue in the past six months.
Shadow Chancellor Rachel Reeves fighting to restore Labour credibility after Corbyn's anti-capitalist economic agenda - but do sums really add up?
In former Bank of England economist Reeves, the party has acquired someone who vows to spend taxpayers money wisely and seeks to restore the fortunes of the battered High Street and shopping centres by tackling a wholly inequitable system of business rates. But in the end Reeves' policy solutions are not very different from those of her predecessors. The old stifling mantra of soak the better off, spend and borrow is as alive as ever.
'I got a new cooker but AO made me spend ages chasing a gas safety certificate': Consumer Fightback explains how to complain and your rights
Consumer Fightback columnist Helen Dewdney explains how to use the law and a letter to the chief executive to make a complaint, using the example of a readers she helped. Here's what you need to know for gas safety certificates and the legalities around the issue, and what your rights are under the Consumer Rights Act 2015.
Revealed: How the 87% dividend tax grab from poorest hits hopes of improved income from shares in future
Announced this month as part of measures to boost the National Health Service, the hike in dividend taxes will eat into the income of many households who rely upon regular divis to supplement their finances. It comes into force at the start of the new tax year in April. Moira O'Neill, head of personal finance at wealth manager Interactive Investor, describes the Government grab as 'a tax on the time poor and on the bereaved widow left with a pile of share certificates to sort through'. She says it will be the over55s - the biggest holders of dividend-friendly companies such as AstraZeneca, BP and GlaxoSmith -Kline - who will take the biggest hit.
TONY HETHERINGTON investigates how £640,000 pumped into a bond issued by Global Water Group went down the drain
Our ace investigator reported on the issue back in January, but questions were unanswered. And those have gradually produced answers that show the whole business was based on lies and false claims. Global Water Group, based in Cambridge, has graduated from a mystery to a scam. It did indeed look good on paper, describing itself as a powerful network that included governments, academic institutions and pension funds. It is now clear there never was any such network.
Ex-Blue Peter star Yvette Fielding says Most Haunted help make her fortune, but only after a shock setback: 'TV bosses fired me when I had a baby'
TV presenter Yvette Fielding once bought an Aston Martin for £95,000 - and sold it six months later for just £60,000. Fielding, 52, the youngest person to present Blue Peter, in 1987 aged 18, says she and her husband, TV producer Karl Beattie, 58, also bought Ferraris and Bentleys with the money they made from their popular TV series Most Haunted. She now lives in a former gentleman's hunting lodge on a sprawling 20-acre estate in Cheshire and told Donna Ferguson her biggest regret was not buying a second home in Cornwall sooner. Her ghost-hunting novel, The House In The Woods, is published on Thursday.
With staycations set to stay, buying a holiday let could be a wise investment - but only if you follow these seven golden rules
Staycations have boomed thanks to Covid, with tourist body VisitBritain anticipating over 50 per cent more domestic holidays this year than in 2020. Using a holiday home not only as a personal bolthole, but as a nice little earner has also become fantastically popular. In June, there were 10,290 active Airbnb listings just in Cornwall alone, as people flipped their properties to bag extra cash through so-called short lets. So if you want to join the holiday home craze, here are seven golden rules to follow.
Mind the share trading price gap and keep an eye on market cap and the liquidity of a stock, says MR MONEY MAKER Justin Urquhart Stewart
There is one issue, though, that I wanted to bring to your attention as you build up your portfolio expertise, and that is 'spreads'. Simply put, a spread is the difference between the sale and purchase price on any stock or fund. For most investors, they would only see one price quoted in the paper, but in fact there is often quite a considerable gap between the two prices. Never buy a share or stock before checking how tradeable it is, and how wide that spread really extends. Your share price may technically double, but unless you can sell it, then that profit is just an illusion.
State pension CHAOS for elderly people left stranded on NO income: DWP tries to tackle claims backlog while more complaints pile up
Retired taxi driver Alf Morley, 73, contacted us saying he was 'in desperation' because he has no income and his reserves are going down rapidly while he waits for deferred payments to start. 'I am frustrated at the poor quality service I have received,' says Mr Morley, pictured. 'This is causing me a considerable amount of undue stress.' Meanwhile, a woman who had a brain haemorrhage in 1994 that changed her life had her disability benefit cut off after she turned 66 in early July - followed by losing her housing benefit and council tax discount - but has received no state pension.
Buy-to-let turns 25! We look back at how property investing surged in popularity and Britain ended up with 2.65million landlords
Buy-to-let celebrates its 25th birthday today. The first mortgage products with its name on were officially launched on September 24, 1996, when the lending industry gathered in central London. Since then, the number of buy-to-let mortgage products has surged and today there are 2.65 million landlords in Britain, of whom 59 per cent are aged 55 or above. Meanwhile, despite suggestions that buy-to-let interest may have peaked, mortgages available to landlords have increased to 3,031, Moneyfacts has revealed.
New Nectar scheme claims to save shoppers £200 a year: We compare six supermarket discount deals to see which gives the best offers
Sainsbury's is joining the battle of the bargains as it will now offer digital Nectar customers discounts on their most frequent purchases. My Nectar Prices will give shoppers up to 30 per cent off handpicked products with weekly consumers set to save more than £200 a year through the scheme, according to the firm.
Bereaved families should scour their records and chase the DWP for parents' lost state pension money: Here's how to do it and get the cash back
Many women have died without knowing they were owed huge sums in state pension after shocking errors by the Government stretching back decades. Their adult children have deluged us with enquiries about their late parents' lost pension money. Some of these families might never see a penny - but for many it's still worth scouring the records and sending their details to the Department for Work and Pensions.
The amount you can save into a pension ultimately depends on what you can afford - but the longer you leave it the more you will need to save. We tend to put ambitious targets on our hoped-for income in retirement and then underestimate how much we will need to set aside to achieve that. So how much should you save?
The average mortgage rate is edging down, as lenders bring back their full range of products and launch tantalising deals with interest of less than 1 per cent for those with lots of equity. However, the situation is slowly improving for those at the other end of the scale, too, as five and 10 per cent deposit mortgages return.
Buy-to-let is much tougher than it once was. But for many Britons the idea of investing in property still appeals, as they trust bricks and mortar and may feel that they can add value to a property. Read our top ten buy-to-let tips
Premium Bonds Winners
|Prize||Area||Value of bond|
|£100,000||Cheshire West and Chester||£10,000|