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Podcast Ep 465 - How to get on the property ladder, LayBuy turmoil & flight compensation rules 

Money to the Masses
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In this week's podcast Damien discusses the various ways to get on the property ladder in 2024. he explains the different types of mortgage products that are available for first time buyers as well as the various government schemes.
Damien also discusses the collapse of Buy Now, Pay Later firm Laybuy and the implications for customers. Damien and Andy then explain the rules around expenses and compensation if you experience a delayed or cancelled flight.
Finally, following the delays to child benefit payments earlier this month, Damien explains who is eligible for compensation from HMRC and how to claim it.
Check out this week's podcast article on the Money to the Masses website to see the full list of resources from this week's show - moneytothemasses.com/news/pod...
00:00 - Podcast episode 465
00:40 - Follow us on all our social media platforms
04:27 - How to get on the property ladder
18:16 - Buy Now Pay Later turmoil
26:46 - Flight compensation rules
40:10 - Child benefit late payment compensation
Support the podcast: You can now support the MTTM podcast by visiting our dedicated podcast page (moneytothemasses.com/podcast) when making any financial decision.
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Support the show by visiting and bookmarking our dedicated podcast page:
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Resources:
Links referred to in the podcast:
What are guarantor mortgages? - moneytothemasses.com/owning-a...
Concessionary mortgages explained - moneytothemasses.com/owning-a...
First time buyer guide - moneytothemasses.com/owning-a...
Manchester Airport power cut compensation: What are your rights? - moneytothemasses.com/news/fli...
Buy Now, Pay Later firm LayBuy enters administration - moneytothemasses.com/news/buy...
Child Benefit payment delays: Are you due compensation from HMRC? - moneytothemasses.com/news/chi...
Free trial of 80-20 Investor - moneytothemasses.com/become-a...
Sign up to the Money to the Masses weekly newsletter - moneytothemasses.com/weekly-n...
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Since 2010 Money to the Masses has been helping people with their personal finances for FREE. Money to the Masses is one of the UK’s leading independent personal finance websites specialising in all aspects of financial planning including investments, pensions, property, insurance, mortgages, budgeting and saving. We bring together expertly written content, interactive tools and technology to help over 4 million people a year across our platform.
If you are looking to get your finances in shape then check out Damien's FREE Money MOT at mot.moneytothemasses.com/
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#personalfinance #moneytips #moneypodcast

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15 июл 2024

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Комментарии : 5   
@umbreenk5886
@umbreenk5886 15 дней назад
Does student loan debt have a major impact on the amount you can borrow? Is it worth trying to minimise student loans now to make life easier later?
@Moneytothemasses
@Moneytothemasses 14 дней назад
Generally speaking whether it's worth repaying your student loan early depends on a number of factors. But remember... You only have to start repaying the loan if you earn above a certain threshold. If your income is below this threshold, then you don't have to make repayments. Also student loans are written off if you haven't managed to repay them after a certain period of time, which for more recent graduates is 25 years. Plus, the interest rates on student loans are relatively low compared to other types of debt. So If you have high-interest debt (like credit cards) or no emergency savings, it might be better to prioritise those over paying off your student loan early. Now in terms of mortgages.... student loans don't appear on your credit report and therefore won't affect credit scoring. However, your monthly repayments are likely to be taken into account by mortgage lenders when assessing affordability during a mortgage application. This is when a lender looks at how much income you take home each month and assesses whether you can afford the mortgage you've applied for. But the reality is that your other financial commitments, your new monthly mortgage repayments and other debts repayments are going to have a more significant impact on this affordability assessment. Best wishes Damien
@umbreenk5886
@umbreenk5886 13 дней назад
Thank you, that was useful. I'm just trying to get my head around this stuff.
@umbreenk5886
@umbreenk5886 15 дней назад
Housing costs 😢 I fear my offspring will forever rent
@Moneytothemasses
@Moneytothemasses 14 дней назад
I do sympathise too
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