Podcast Summary
Impact of Brexit on Investments and More: 1800flowers.com offers personalized gifting, Brexit weakens pound affecting London-listed stocks, consider FTSE 100 for investment, Sleep Number's smart beds ensure personalized comfort
1800flowers.com is not just a destination for gifting on special occasions, but a place where love and care go into every product. Meanwhile, the falling pound due to Brexit poses challenges for investors, particularly those with London-listed stocks. To mitigate this risk, Michael Hunter suggests considering the FTSE 100, which benefits from a weaker sterling due to the international earnings of its companies. Additionally, Sleep Number's smart beds offer personalized comfort for better sleep. The Money Show, featuring Naomi Rovnik, Michael Hunter, and Judith Evans, aims to answer listeners' questions about the impact of Brexit on various aspects of their lives, including investments and property.
London Stocks with Foreign Currency Dividends Protect Against Currency Volatility: London stocks paying dividends in foreign currencies can help investors hedge against currency fluctuations, especially for those with international expenses.
London stocks offering dividends in foreign currencies can help insulate investors from currency volatility, as the FTSE 100 is an international index with many companies paying out in dollars, euros, and other strong currencies. Examples include oil majors, miners, Hikma Pharmaceuticals, Carnival Cruises, Paddy Power, and Betfair. Investors with international commitments, such as education or retirement expenses abroad, should consider preparing for potential currency fluctuations. The new normal post-Brexit may involve a long-term readjustment and a shift in mindset from short-term shock to medium and long-term planning. It's essential to consider the international flavor of companies already listed in the UK and the potential for currency volatility, rather than opening a US brokerage account solely for US companies.
Brexit's Effect on Residential Property Market Unclear: Brexit may lead to lower prices in prime London areas, but long-term effects depend on wage growth, mortgage availability, and London price growth sustainability. Buy-to-let landlords face challenges with EU renter departures and potential regulations.
The impact of Brexit on the residential property market is still uncertain, with some signs of a drop in consumer confidence leading to lower prices, particularly in prime areas of London. However, the long-term effects will depend on factors such as wage growth, mortgage availability, and the sustainability of recent price growth in London. It's too early to tell if Brexit will be the catalyst for a broader market correction, but it's clear that the market is experiencing some instability. For buy-to-let landlords, it's getting harder to make a profit due to falling rental streams from EU nationals and potential regulatory changes. However, some analysts believe that house prices may have to come down to fair value, and Brexit could be the trigger for this adjustment. Ultimately, it's essential to wait for more data and consider the long-term economic factors before making any significant decisions about residential property investments.
Consider securing a fixed mortgage rate due to record-low rates: Experts recommend securing a fixed mortgage now due to low rates, with 2-year fixes at 1.5% and 5-year fixes at 2.5% available. However, consider fees and submit applications early for first-time buyers.
Despite the Bank of England not cutting the base rate last week, many experts believe now is a good time to secure a fixed mortgage due to record-low rates. Banks and building societies are offering 2-year fixed rates as low as 1.5% and 5-year fixes at 2.5%, making it an attractive option for those on higher standard variable rates. However, it's important to consider the fees associated with getting a fixed mortgage, which can range from nothing to £5,000 depending on the size of the mortgage. For first-time buyers in the process of purchasing a property, it's recommended to submit the mortgage application as soon as possible to secure the rate before completion. And for those coming off a fixed rate, shopping around for a new deal is a must, as many banks and building societies offer their existing customers competitive remortgage rates. Overall, the current low-rate environment makes it an opportune time to consider locking in a fixed mortgage rate.
Consider transferring mortgage for better deals: Shop around for better mortgage rates, even with existing lenders, and consider using a broker for assistance.
It can be beneficial for mortgage customers to consider transferring their mortgage to another lender for a better deal, despite the efforts of their existing lender to keep them. Product transfer mortgages have become more accessible and easier to process, with banks like Virgin Money and Metro Bank making their online systems available to brokers. However, it's essential to compare the rates offered by both the existing lender and potential new lenders to determine the best option. Brokers can provide more information on various lenders and offer the best deal based on individual circumstances. While some existing customer rates may be more expensive than new business rates, top mortgage lenders may only disclose their existing rates. Overall, it's crucial to shop around and consider all options before making a decision.
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Rust Oleum's Custom Spray 5 in 1 paint offers a solution for painting intricate areas without the hassle of drips, runs, or uneven coverage. Meanwhile, UnitedHealthcare's short-term insurance plans provide flexible and budget-friendly coverage for those in need, such as those between jobs or starting a new business. An interesting fact about Rust Oleum's paint is its versatility, allowing users to tackle various painting challenges with ease. On the other hand, an intriguing fact about UnitedHealthcare's short-term insurance plans is their availability for individuals in different life situations, providing peace of mind with access to a vast network of healthcare providers. In summary, Rust Oleum's paint simplifies the painting process, while UnitedHealthcare's short-term insurance plans offer flexible and accessible healthcare coverage.
