Rental guarantees are great, aren't they? Many investors would certainly think so, tempted by developers' assurances of an agreed level of return on a property. But as many analysts are at pains to point out, they're as likely to act as deep cloud cover for hidden charges. That's because developers will have to recoup their generous offers somehow.
According to John Herron of the finance company Paragon Group, "they're just one of a number of incentives such as carpets and curtains, and in many cases they're meaningless". He tells The Guardian that "there is no such thing as a free lunch and these incentives will be reflected in the purchase price". The Irish Times agrees. It says that these "guarantees are often paid out of an artificially inflated asking price".
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Should the income protection age cap be lifted?You can only get income protection cover if you are below age 59. With people now working for longer, should the limit be raised?
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UK interest rate cut all but ruled outRates are expected to remain at 4.25% when the Bank of England announces its decision tomorrow
