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Buy-to-let suffered a more pronounced low than the mainstream mortgage market in 2009, as the full impact of the financial crisis revealed itself. But now it seems that the sector is making something of a comeback. This week, moneyfacts.co.uk released figures that revealed that the number of buy-to-let mortgages available had precisely doubled from 243...
Just because an account is an ISA, it doesn’t mean it’s going to pay the best rate out there. Indeed after initially taking out your ISA, you may have noticed the interest rate tail off.
So transferring your Cash ISA pot is an important way to make sure you continue to get the best return on your savings.
Transferring your Cash ISA doesn’t impact on your current tax year’s ISA allowance. Your new Cash ISA provider will look after your transfer for you (you will normally have to complete a form though), in order to preserve the tax-free status of your money.
If you’re wondering how long all this takes, new guidelines from the Office of Fair Trading state that your ISA transfer must take place within 15 days (during which you will also continue to earn interest). More information on this topic can be found here.
