Why the cheapest mortgage deal may not be right for you
Buying a house involves making lots of choices, and some can be simpler to make than others. Finding the right house in the right location can be the easy part, choosing the best and most suitable mortgage deal for your financial circumstances can prove to be more of a headache. There are hundreds of different […]
Why you should avoid protection procrastination
People put off buying life insurance for a variety of reasons, and they shouldn’t. Not only does life insurance give valuable peace of mind to families up and down the country, each year insurers pay out millions of pounds to families to help ease the financial strain caused by life’s unexpected events. Here are a […]
Early retirement could disappear by 2035, so it’s time to plan
As the state pension age rises, life expectancy increases, and final salary pension schemes become a thing of the past, it looks likely that more workers will remain in employment for longer in order to be able to build up sufficient funds for their retirement years. According to analysis by Aviva1, the number of people […]
Are millennials saving enough for retirement?
Rising house prices, burdensome student debt and a low-wage economy have all contributed to millennials feeling under financial pressure. However, the good news is that many more people in the 18 to 35 age range are regularly saving into a pension than ever before. According to data from the Intergenerational Commission1, a decent pension ranks […]
Homeowners choosing to improve rather than move
Once upon a time, homeowners moved four times after their first purchase; now it’s more like twice. New evidence suggests that in England and Wales, many more of us are putting down roots and choosing to stay in our current homes for longer. Research1 carried out by Dr Ian Shuttleworth of Queen’s University Belfast points to […]
You are insured, aren’t you?
If you’re a homeowner, it makes sense to have plans in place that protect you, your family and your home. Insurance policies are designed to provide financial safeguards and valuable peace of mind. LIFE INSURANCE TAILORED TO YOUR NEEDS Life policies provide a tax-free cash lump sum for those you leave behind in the event […]
Pensions jargon – busted
No one should be deterred from planning for their retirement by the jargon used in the pension industry. Happily, we are well versed in turning complex financial terms into plain English. Here we unravel a couple of terms that you may have come across and be unclear about. ANNUITIES When you retire, you can choose […]
Mortgage options for the over 55s
Following the Mortgage Market Review in 2014, banks and building societies were required to adopt stricter lending criteria and affordability checks, and as a result many lenders restricted both their maximum borrowing and repayment age. FACTORS TO TAKE INTO CONSIDERATION Whatever their age and circumstances, older borrowers will need to go through the usual checks […]
One in ten Britons admit they are bad with money – how to buck the trend
A recent survey1 has shown that for many, building up their savings is not top of their agenda. Everyone should think about putting some money aside for emergencies, and for the bigger things in life like the deposit on a home, a child’s education or a wedding. So, for most of us having some cash that […]
More women are working into their 70s
In yet another sign that retirement is becoming an increasingly fluid concept, figures from the Office for National Statistics show that the number of women working past the age of 70 has doubled in the last four years. The abolition of the compulsory retirement age in 2011 has meant that many more workers, men and […]