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Georgie Frost

This Is Money: How bad will the mortgage chaos get and will it sink house prices??

Georgie Frost
Original Broadcast:

This is Money

This Is Money: How bad will the mortgage chaos get and will it sink house prices??
Rocketing rates have sent the average two and five-year fixed rate mortgage through the 6% barrier. This is a level that would have been considered unthinkable a year ago, when there were fifty mortgage deals on the market at below 1%. The Bank of England belatedly playing catching up with inflation has sent base rate from 0.1% last December to 2.25% now - and with inflation far from tamed and the US Federal Reserve going in all guns blazing on monetary policy, rates are likely to keep going up from here. But the catalyst for the past month's big jump in mortgage rates has been the turmoil triggered by the Chancellor's ill-received mini-Budget and the flurry of borrowing Britain will have to do to fund it. So, what happens next to mortgage rates, what should people who need to fix now do, and will this send house prices sinking? Georgie Frost, Helen Crane and Simon Lambert dive into the mortgage market to look at what is happening and why - and what borrowers can do about it. Are expensive fixes now worth taking, what should you do if you are buying a home and is a variable rate mortgage really now the answer? They answer these questions and more. Plus, while rate rises are bad for mortgage borrowers they are proving good news for savers, who have been starved of decent deals for many years. The top fixed rate savings are knocking on the door of 5%, but how high will savings rates go and should you fix and risk losing out on better ones in future? The ill-fated mini-Budget also brought about the abolition of the 45p tax rate, except that's now been abolished itself as Kwasi Kwarteng staged a screeching U-turn this week. Nonetheless, Simon has some middle-class tax cutting ideas that he reckons make more sense and could be popular. And finally, a reader wrote to This is Money telling us they had some letters written to them in the 1960s by a rock star who then died young and they could be worth £20,000... but will they have to pay tax if they sell? More to the point, who could the mystery rock star be?
Guest:

Helen Crane


Published:
Adam Cox

Modern Mindset - Brannan Coady on Parking Space Rental

Adam Cox
Original Broadcast:

Modern Mindset

Modern Mindset - Brannan Coady on Parking Space Rental
Adam Cox is joined by Brannan Coady, COO of YourParkingSpace, to discuss how Brits are making thousands a year by renting out their driveways to help beat the cost of living crisis. They look at how renting a parking space out works, and what the benefits of parking on a drive way are compared to other parking spaces. https://www.yourparkingspace.co.uk/
Guest:

Brannan Coady


Published:
Adam Cox

Modern Mindset: Sandra Robinson on Dysphagia Awareness

Adam Cox
Original Broadcast:

Modern Mindset

Modern Mindset: Sandra Robinson on Dysphagia Awareness
Adam Cox is joined by Sandra Robinson, an independent speech and language therapist who specialised in dysphagia management, to raise awareness of the condition and the EAT-10 UK survey. They discuss what dysphagia is, and how it is diagnosed, in addition to how the condition can be managed. https://www.nestlehealthscience.co.uk/dysphagia-awareness/eat-10
Guest:

Sandra Robinson


Published:
Georgie Frost

This Is Money: What's happening to the economy, mortgage deals and the pound?

Georgie Frost
Original Broadcast:

This is Money

This Is Money: What's happening to the economy, mortgage deals and the pound?
It has been an incredibly turbulent week for the UK economy as the Bank of England stepped in to protect pension funds, the pound hit a record low against the dollar before rebounding and lenders pulled mortgage deals to re-price them at far higher rates. Georgie Frost, Simon Lambert and Lee Boyce tackle what has been a truly remarkable one in the world of personal finance with a message of: don't panic. So, is the UK economy in crisis… again? How much is the Chancellor's 'mini' Budget to blame? And what can the Government do now? Simon gives an economics 101 on why the pound fell and why the Bank of England stepped in, seemingly with a u-turn on plans for quantitative tightening. What is happening to mortgages? With lenders pulling deals and replacing them with higher rates, how will that impact first-time buyers, those looking to remortgage and the property market in general? Will base rate continue to head higher and what does that mean? And a chink of light for savers: this week, NS&I boosted Premium Bonds, while savings rates continue to race higher.

Published:
Adam Cox

Modern Mindset: Lee Elliott on Why So Many Brits are Being Priced Out of New Phones

Adam Cox
Original Broadcast:

Modern Mindset

Modern Mindset: Lee Elliott on Why So Many Brits are Being Priced Out of New Phones
Adam Cox is joined by Lee Elliot, from Compare and Recycle, who have conducted new research which reveals 60% of Brits are no longer able to buy a new phone. They discuss how much money could be made from phones left laying in drawers, and why so many people aren't aware of their old phones value. www.compareandrecycle.co.uk
Guest:

Lee Elliott


Published:
Adam Cox

Modern Mindset: Lawrence Chard on the Surge in Online Sales of Coins

Adam Cox
Original Broadcast:

Modern Mindset

Modern Mindset: Lawrence Chard on the Surge in Online Sales of Coins
Adam Cox is joined by Lawrence Chard, Coin Expert from Chards, a UK Coin and Bullion Dealer, to discuss the increase in demand for Elizabeth II coins. He explains how you can tell if a coin in valuable, in addition to providing advice to those interesting in coin investing, or the bullion market. https://www.chards.co.uk
Guest:

Lawrence Chard


Published:
Georgie Frost

This Is Money: The pound, inflation, interest rates and energy bills... what happens next?

Georgie Frost
Original Broadcast:

This is Money

This Is Money: The pound, inflation, interest rates and energy bills... what happens next?
The Bank of England is tipped to raise interest rates by at least 0.5 per cent this week, but the pound fell to a 37-year low last week - reaching $1.351, a level not seen since 1985. That comes against a backdrop of inflation edging down slightly to 9.9% - taking Britain out of the double-digit inflation club - with a colossal rescue plan to save households and businesses from spiralling energy prices about to kick in. The details on that energy price guarantee rushed out by new Prime Minister Liz Truss - and how it's potential £150billion cost will be paid for - are still sparse, but are expected to be sketched out in more detail this week. Meanwhile, on Friday a mini-Budget is due to arrive with a rumoured round of tax cuts as Truss and her new Chancellor Kwasi Kwarteng go all out for growth. Georgie Frost, Helen Crane and Simon Lambert look at the pound, energy bills, inflation and interest rates, how all these issues connect and what could happen next. Also on the agenda are rising savings rates and whether savers should fix or stick with short-term easy access deals, and a question over a life-changing £500,000 early inheritance and where the balance lies between saving, paying off the mortgage or investing. And finally, overshadowing all the financial events of a whirlwind fortnight, Queen Elizabeth II died ending her 70 year reign, and ushering in a period of national mourning that came to a close under the eyes of the entire world with her funeral. But what will happen now to Britain's money and when will we start to see King Charles III on our cash?

Published:
Adam Cox

Modern Mindset: Matt O'Donovan on Outdated Hospital Entertainment Systems

Adam Cox
Original Broadcast:

Modern Mindset

Modern Mindset: Matt O'Donovan on Outdated Hospital Entertainment Systems
Adam Cox is joined by Matt O'Donovan, from WiFi Spark, to discuss new research which reveals the UK's perception of hospital entertainment, and why good entertainment and engagement is so important in hospitals. He explains what can be done to fix the issues caused by poor entertainment options and who should be paying for the updates. https://www.wifispark.com/
Guest:

Matt O'Donovan


Published:
Simon Rose

The Bigger Picture: The PM's Energy Speech

Simon Rose
Original Broadcast:

The Bigger Picture

The Bigger Picture: The PM's Energy Speech
The sad news of the Queen's death cut right across the House of Commons debate on Energy, and wholly understandably eclipsed reporting on this important subject. The Government's strategy is based on a set of significantly new principles, particularly on energy supply, and we therefore thought it appropriate to bring you Liz Truss's opening speech, complete with points of order, setting out the way forward.

Published:
Georgie Frost

This Is Money: The cost of living crisis cutbacks that could harm your long-term wealth

Georgie Frost
Original Broadcast:

This is Money

This Is Money: The cost of living crisis cutbacks that could harm your long-term wealth
Belts are already being tightened but as bills head even higher more people will look to save where they can. But are there some things that you should avoid doing or cutting back on at all costs? Campaigns to get people not to pay their bills have obvious flaws, but what about only paying for the energy you use, diverting your pension saving elsewhere or cutting back on ditching saving or investing. Some are at breaking point and will have little choice but to do some of these things, but what about those who are still heading off on holidays, going ou for dinner and drinks, or getting takeways in - should they hammer down on discretionary spending before stopping saving? In his This Is Money column last week, Simon Lambert came up with his five false economies to avoid, but was he right to pick them? Simon, Georgie Frost and Lee Boyce discuss them in this episode. Also, are buy-to-let landlords all bad or a crucial part of the property market, will an electric car still save you money after the energy price cap hike, and how high will savings rates go — as the best buys come in thick and fast.

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