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Summer Statement Summary

In March, Rishi Sunak unveiled “one of the largest and most comprehensive economic responses in the world” to protect the UK’s population against the impact of coronavirus. The £160bn plan, the Chancellor said, was just the first stage of the government’s response to the pandemic. Four months later, on 8 July, the Chancellor stepped up once again [...]

July 9th, 2020|General, News|

As the property market thaws lenders are open for business

Estate agents are open, lenders are open, and we are open! On Monday 11 May, the government surprised many by announcing the reopening of England’s housing market from the following Wednesday. Rightmove reported nearly 5.2 million visits were made to its website on the first day of the lockdown easing, which was a 4% increase [...]

July 2nd, 2020|General, News|

Investment Life & Pensions Moneyfacts Awards 2020

We are delighted that The Orchard Practice (TOPFS) has been shortlisted for two more awards - Protection Adviser of the Year as well as Tax and Estate Planner of the Year As part of the judging process, Moneyfacts have asked our clients to submit testimonials to them. If you feel that we are deserving, we [...]

June 12th, 2020|Investments, Pensions, News|

An update on mortgage payment holidays – three-month extension

The Government has announced the requirement for lenders to extend the initial three-month mortgage payment holiday scheme by a further three months. They felt that the extension was necessary because it would be too sudden and soon to end the scheme now for those currently experiencing financial difficulties. This means help and support will continue [...]

June 8th, 2020|Mortgages, General, News|

Beyond Covid-19

For investors at least – it seldom pays to take your eye of the ball entirely. There are myriad other issues that will undoubtedly influence financial markets over the coming months and years. As ever, whether this influence is positive or negative is not predetermined: the impact on asset prices will depend on whether the [...]

June 1st, 2020|Investments, News|

Disappearing Dividends Should Return

The Prime Minister recently announced the gradual easing of lockdown restrictions nearly two months after they were imposed. The restrictions have been largely successful in containing the spread of the coronavirus - new cases have steadily declined since early April and the number of deaths is falling too. However, the slowdown of economic activity has [...]

May 25th, 2020|Investments, News|

Coronavirus Bounce Back Loans Scheme (CBBLS)

UPDATED 17 June 2020 On Monday 4 May, the Government’s new Coronavirus Bounce Back Loan Scheme launched in response to the feedback that the Coronavirus Business Interruption Loan Scheme was less accessible for small businesses than the Government had intended. The key features of the new “Bounce Back Loans” are as follows: 100% underwritten by [...]

May 6th, 2020|News|