Applying for a three month mortgage payment holiday could help to ease some of the stress borrowers may be facing during the pandemic outbreak. Mortgage borrowers that have been adversely affected financially by coronavirus (COVID-19) may want to consider requesting to take a mortgage payment holiday on their residential or buy-to-let mortgage for up to…
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Divorce is an emotional and stressful period for those who have to go through it, but it’s important that people realise a pension is a valuable asset in divorce. This is particularly problematic given the average age of divorcees, and it is more likely that a woman will not have any sizeable pension of her…
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There are different retirement options available and in his 2015 Spring budget, then-chancellor George Osborne introduced sweeping changes to the way that pensions are taxed. The new pension freedom rules have led to the over-55s being faced with a variety of different choices when taking and investing their nest eggs; £19m is released each day…
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Equity Release, Lifetime Mortgages and Retirement Interest Only Mortgages are just a few of the different types of lending. However, they are all similar variations of one theme; to borrow money by releasing it from the value of your home. However, there is a lot of terminology and confusion about what each loan can represent…
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One of the questions our clients almost always asks is are: ‘Will my retirement income be enough to live on comfortably?’ Worryingly, it’s been documented that many Britons aren’t saving enough in their pension for their retirement. Figures published by HM Revenue & Customs (HMRC)[1] in September 2019 show that the annual average contributions that…
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This article looks at preserving your legacy and how to keep your wealth in the family. Are you worried about leaving an inheritance to your loved ones and then having them pay tax on your legacy? No one likes to think about a time when they won’t be here, but unfortunately the reality is that…
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When arranging a mortgage, people don’t often value the importance of protection. We take out insurance on cars, holidays and even phones….. but not always on a property. A mortgage is arguably the biggest commitment most people will enter into throughout their entire lives, and due to the financial environment clients often have to borrow…
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It’s important to be aware of coronavirus scammers. Scammers are sophisticated and opportunistic and therefor they will try to take advantage of people, especially the vulnerable during the coronavirus. It’s important to remain vigilant to scams and be aware what to look out for as well. Things to look for include: Loan Fee Fraud –…
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This article looks at the importance of portfolio diversification and why you shouldn’t put all your eggs in one basket. Portfolio diversification is the foundational concept of investing. It’s a risk management strategy of combining a variety of assets to reduce the overall risk of an investment portfolio. Traditional wisdom says: don’t put all your…
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When I am asked why I enjoy giving mortgage advice, I have to be honest and say it’s the simple thing of helping people. I have been involved with mortgages for almost 35 years now and using my knowledge and expertise to help people buy a new home, buy an investment property or restructure their…
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Is it time to give your pension pot a boost? Planning for retirement can be both exciting and daunting. It’s essential to structure your affairs to make sure you have enough money when you eventually retire. To give your pension pot a boost, one option to consider if your pension savings are more than your…
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Here we look at the top 4 tips for good tax planning and what you should consider before the end of this tax year. The end of the 2019/20 tax year is fast approaching, and there are a number of valuable allowances and reliefs that will be lost if they are not used before the…
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