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Showing posts from October, 2010

Sage Advice From Mike Woodfine

When everyone is diving in then it's probably best not to be buying. The reverse is often true but Mike Woodfine from The Money Centre advises would be investors on the correct attitude to borrowing mortgage money. Read the Yorkshireman's advice here  http://bit.ly/arQLwu  !

Tory Minister Vows to End Era of House Price Booms

Tory Minister Vows to End Era of House Price Booms The latest nonsense to issue from the mouth of a Con-Dem minister has left me agitated, not to say irritated! The Daily Mail of 13th October reported Grant Shapps’, the Housing Minister, speech to the Housing Market Intelligence conference. Read in full here http://bit.ly/dpGL4K if you are suffering from low blood pressure. He stated: “...middle class families ... should not rely on their homes to fund retirement”. We have had a Labour Government mount a several billion pound raid on pension funds, a stock market lose our pension funds a fortune and now we have a Tory telling us that property as a pension is a mortal sin! I suppose if you are an MP or a senior civil servant then you won’t need to worry about the investment in your property as you have a gold plated, brass constructed pension that the middle-classes have, and are still being asked, to fund from their heavily taxed income, whilst paying into their poorly performin