Leverage, often referred to in investing as a ‘double-edged sword’, is another word for borrowing money to own more of an asset. Much like a mortgage on a house, it enables individuals to own a higher value of an asset they would otherwise be unable to own, but it does run the risk that the […]
Polestar is proud to sponsor local choir Luminosa. Choral director, Rebekah Abbott, updates us on how they have been supporting their members during the pandemic. It hasn’t been the best time for the arts but the local family of choirs, collectively known as Luminosa, has been quietly but consistently conserving its passion for music throughout […]
Is your child reaching the age of 18? If so, they could be amongst a huge swathe of teenagers set to cash in on their Child Trust Funds for the first time. Set up by the Labour government in 2002, the scheme aimed to encourage parents to save for their children’s future, with the money […]
New warning have been issued from Action Fraud, the City of London Police and the Financial Conduct Authority (FCA) as reports of ‘clone firm’ investment scams increase. The ongoing financial impact of coronavirus may also make people more susceptible to these types of clone scams. Forty two percent of investors say they are currently worried […]
The average deposit paid by first-time homebuyers jumped by £10,000 in 2020. When the pandemic took hold in the first half of last year, it looked as if the housing market was headed for a fall, if not something more dramatic. There were problems about viewing properties, arranging surveys, organising removals – you name it, […]
No, the headline is not wrong… Interest rates matter. At the personal finance end of the spectrum, they determine what you earn from bank deposits (virtually nothing at present) and what interest you pay on your mortgage (about 4.4% if you are paying the average standard variable rate (SVR), but much less for most […]
