Tag Archives: Q Financial Services

Midlands News, News

Clarity welcome over economic policy says Q Financial Services

One of the region’s leading financial experts today said the mini-budget gave much-needed clarity over the Government’s future economic policy – but said the Chancellor must make driving down inflation and lowering interest rates a top priority. 

Mitch Gough, director at Q Financial Services, said moves to cut taxes and Stamp Duty, reverse the planned increase in National Insurance and scrap planned increases on Corporation Tax, would all help address the cost-of-living crisis and build on measures announced earlier this week to control both residential and commercial energy bills. 

But Mitch added that allowing inflation and interest rates to soar still further – and failing to support the supply of new housing developments to meet demand fuelled by the Stamp Duty cuts – would hinder future progress. 

“It is good to see the Government place such a clear priority on growing the economy and introducing a detailed set of proposals so soon after the new Prime Minister took office,” Mitch said. 

“After a period in which there seemed to be considerable drift, it is welcome that we now have a clear indication of the path the Government plans to take to help business and the commercial sector through this difficult period. 

“There is no doubt that the cut in Stamp Duty will fuel new demand in the property market, but this must be met with a sustained increase in supply if housing is to remain affordable. 

“Yesterday’s 0.5 per cent rise in interest rates to 2.25 per cent and the prospect of future increases and high inflation could mean that much of the extra cash the Government is handing back in this package is quickly eroded. 

“We want to see serious moves to tackle inflation and help reverse the trend for ever-rising interest rates, but fully support the drive for growth. 

“As ever, the devil will lie in the detail and we will be studying the Chancellor’s statement in great detail over the coming days to ensure we offer the most comprehensive advice possible to both our private and commercial clients.” 

Q Financial Services group, which has offices in Wellington and Shrewsbury, is one of the leading and fastest-growing companies in the sector across the Midlands. 

For more information about Q visit  https://www.qfinancialservices.co.uk/ 

Finance and Banking, News

Don’t panic but start shopping around, says Q after interest rates rise

Homeowners are being urged not to panic after the Bank of England raised interest rates to their highest levels in 13 years last week.

Leading Midlands financial services company Q Financial Services says that whilst today’s increase to one per cent is another blow to homeowners hit by the cost of living crisis, there are steps they can take to minimise its impact.

Q director of operations Stuart Mackintosh said there were still attractive mortgage deals on the market and that fixed-term packages now made more sense than ever.

He was speaking after today’s 0.25 per cent increase in the base rate as the Bank of England attempts to hold back soaring inflation and sharp increases in the cost of living.

“This is the fourth increase in the base rate in recent months and coming against the backdrop of the cost of living crisis, homeowners are bound to be feeling more anxious about their mortgages than has been the case for some time.

“But it is important to remember that even after today’s increase, interest rates remain at historically low levels and the indications are the Bank of England will want to keep them that way.

“However, if your mortgage is due for renewal – or you can switch provider without penalties – now is a really good time to start considering your options. This is definitely not the time to just accept the first offer your existing provider makes, but to start shopping around.

“We know from our own experience that homeowners can make substantial savings by getting some expert advice and switching to mortgages better suited to their needs. And by switching to a fixed rate deal, you can guarantee your payments over the course of the term which in turn helps with the rest of the household budgeting.

“There are some really good deals still to be had – often from lesser-known but highly respectable lenders – but you are only likely to find them by seeking help from people who know what to look for.”

Q, which has offices in Wellington and Shrewsbury, offers a full range of financial services and has enjoyed consistent growth over the last five years.

For more information about Q visit  https://www.qfinancialservices.co.uk/

Midlands News, News

Q strengthens team with promotion for Josh

A leading Midlands commercial finance company has strengthened its team with the appointment of a new partner. 

Q Commercial Finance, which has bases in Wellington and Shrewsbury, has promoted Josh Timbrell to the role just three years after he first joined the company. 

Director Steve Parry said the promotion reflected the hugely important role Josh had played with Q and the company’s ambition for the future. 

“In three years Josh has established himself as a critical part of Q Commercial Finance and someone who will help shape the future of the company for years to come. He joined us from college and has quickly become both a highly-respected member of our team and someone our clients respect and trust. 

“We are delighted to have been able to make Josh a partner and look forward to watching him develop and flourish for years to come.” 

Josh, aged 21, joined Q as a commercial executive in August 2018 before being promoted to senior commercial executive two years later, and also completed a qualification in business banking and conduct last year. 

He said: “I am extremely grateful to Q for the chance they have given me.  I was given a huge opportunity at a young age to learn from Steve, who has been working in the industry for 20 years, and progress in an industry where the majority of my peers have decades of banking experience. 

“Q is a great place to work with great mentorship and career opportunities, but also a supportive team which takes a pride in enjoying its work and supporting each other. I could not have achieved this promotion without that.” 

Away from work, Josh enjoys fitness training and has achieved his third Dan blackbelt in kickboxing, in which he has competed at national championships. 

Q Commercial Finance is part of the Q Financial Services group, one of the leading and fastest-growing companies in the sector across the Midlands. 

For more information on Q visit https://www.qfinancialservices.co.uk/