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Fergus talks to John Beattie regularly on BBC Radio Scotland with some great tips for better ways to look after your money in 2013.
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First Time On Moneysucks?
If this is your first visit to the site then you should have a look at the introductory video we recorded with Moneysucks? creator Fergus Muirhead to explain what the site is all about, and why your relationship with your money doesn't have to suck.
Am I really just renting my house?
Written by Fergus | Posted on: Thursday May 2, 2013 | 0 Comments
For years now more and more of us have been switching our home loans to interest-only, where all we do is service the loan every month by paying interest. In some respects we’re renting the property since we are not repaying the money we borrowed to ‘buy’ it and we are effectively gambling on the fact that increasing capital values will give us a bit of equity when we come to sell. And of course the upside in the short term is that our monthly home loan bills are smaller.
It's not fit for purpose.
Written by Fergus | Posted on: Tuesday April 23, 2013 | 0 Comments
I'm sure it was like this when I bought it. If it was then the shop you bought it from needs to sort it out for you.
Right to Buy?
Written by Fergus | Posted on: Tuesday April 23, 2013 | 0 Comments
The over-inflated property prices we have suffered in the last couple of decades can be traced right back to the original right-to-buy schemes championed by Margaret Thatcher in the early 80s. Local authority housing stock was sold off at huge discounts to tenants on the basis that we'd all be 'better-off' if we owned our own homes rather than continuing to rent. It turned us into a nation obsessed by the concept of home ownership at any cost, and of making money from owning these homes.
A house is for life or for living?
Written by Fergus | Posted on: Monday April 22, 2013 | 0 Comments
Some sections of the press are still full of dire warnings of 25% drops in property prices in parts of the UK this year or while others give us the the good news that prices will stabilise, and may even start to rise during 2013 regardless of what happens you still need somewhere to live. so is your house an investment or a home?
