By John Cossons, Equity Release Adviser. I have recently helped several clients who have interest-only mortgages. They planned to repay their existing mortgage by downsizing. This means selling their existing property and buying something less expensive, to clear the mortgage. However, in the current property market, they have had problems selling the property in time [...]
So, what do you need to know about Investment Risk? As a firm of Independent Financial Advisers, we always discuss at some length your Attitude to Investment Risk and in particular, the relationship between risk and reward and time. The more risk you are prepared to accept; the greater the long-term rewards will often be, [...]
Many people may struggle to repay their interest-only mortgage when it comes to the end of its term. A large number of interest-only mortgages were sold in the 1990s and early 2000s. They were often linked to endowment savings plans. These plans were designed to generate a tax-free lump sum to repay the mortgage. Some [...]
By Andie Derry, Client Support at Anstee & Co. Kettering Jane and I visited the "Dementia Sings Out" choir, based in Wellingborough, to see what goes on and what the members get up to every Thursday. When the choir was singing and dancing to songs such as ‘Stand by Me’ and ‘Higher and Higher’ you [...]
So, why should you complete a Financial Life Plan and regularly review it? People do not buy pension plans because they want a pension plan! What they want is the lifestyle a pension can bring. Financial Life Planning looks at the purposes for which you want to use your money. Our Financial Designers discuss with [...]
So, what are they? A trust is a legal arrangement where you give property, investments or cash to someone else so they can look after them for the benefit of a third party. An example of this would be if you put some of your savings aside in a trust for your children. The roles [...]
There are many ways to reduce your capital gains tax (CGT) liability. In this article, we will look at some of the most common options available to you. Make the most of your £12,000 (2019/20) annual CGT exemption. A "reported loss" on a "chargeable asset" can be deducted from the capital gains you made in [...]
