Second charge lender Step One Finance has launched an origination platform to support faster, simpler applications for intermediaries. The lender has invested in the platform in response to intermediary feedback, aiming to reduce administration, improve transparency and deliver a smoother journey from quote through to completion. The platform includes Credit Reference Agency data, electronic identification,…
Under the Income-tax Act and the Black Money Act, the relevant reporting trigger is ownership of an asset “located outside India”. The legislation does not refer to foreign exposure, overseas economic interest or investments funded through the Liberalised Remittance Scheme (LRS). Instead, the law focuses on the location of the asset owned by the taxpayer.
Mortgage rates didn’t move much today. July’s rates have remained elevated beyond what we saw in June, trending above last month’s average (6.34%) for 19 days straight. The average interest rate on a 30-year, fixed-rate mortgage ticked down to 6.48% APR, according to rates provided to NerdWallet by Zillow. This is one basis point lower…
What Is a Student Bank Account? A student bank account is a checking or savings account that a bank, credit union or other financial institution offers to students. Student accounts may have reduced fees and special features designed to meet students’ financial needs. A checking or savings account can be a safe and convenient place…
Nearly 14,000 new landlord businesses were registered in the first five months of this year, analysis of Companies House shows. Last year, the number of registrations of new buy-to-let businesses hit a record high of 34,128, according to research by specialist insurer Just Landlords. This was almost 70% higher than the five-year average of 23,549…
Investors holding Sovereign Gold Bond (SGB) 2019-20 Series VIII can opt for premature redemption from July 21, with the Reserve Bank of India (RBI) fixing the redemption price at ₹14,170 per unit. The tranche, issued on January 21, 2020, has completed five years, making it eligible for early redemption under the scheme’s rules. While the…
Railroad stocks are some of the most established securities in our investment market. Railroads were the major form of commercial transport during the Industrial Revolution and they remain essential to the world’s consumer economy today even in a world of drone delivery and space flight. If you’re looking for railroad stock under $10, this may…
You’ve seen the “good vibes only” t-shirt perhaps? Bond traders left theirs at home this morning. That’s unfortunate as there isn’t much beyond vibes to set the tone this week. Over the weekend, bad vibes came courtesy of another round of escalation in the Iran war. Additionally, the safe-haven buying that helped bonds on Friday…
Crypto has spent more than a decade on the edge of mainstream investing, cast either as a technological revolution or a speculative distraction. According to a new T. Rowe Price research report titled “Crypto edges into the mainstream,” that debate has shifted. Key Takeaways: T. Rowe Price research favors sizing diverse crypto exposure deliberately over…
The Employees’ Provident Fund (EPF) is a secure, long term investment tool and retirement savings option for salaried individuals in India. You are eligible to open an EPF account if your basic pay and dearness allowance are up to ₹15,000, and you can add the voluntary provident fund (VPF) option if the basic pay and…