Getting remarried in later life can impact your financial plans. By contrast, younger people are now less likely to marry, while marriage rates for men over the age of 60 and women over the age of 50 are increasing. These figures show that people are also choosing to cohabit either as a forerunner to marriage [...]
The first question our mortgage advisers are usually asked is "How much can I borrow”? In the past, mortgage lenders based the amount you could borrow mainly on a multiple of your income. This was often referred to as the loan-to-income ratio. Mortgage criteria have now changed. This worked by looking at your salary and [...]
If you are researching how to pay for long-term care, for yourself or a loved one, then we can help you. We are a firm of Independent Financial Advisers (IFA’s) that specialise in Later Life issues, offering unbiased expert advice. How will an Independent Financial Adviser help? As a firm, we have a team that [...]
Recent figures from data analyst Moneyfacts, show that equity release rates are falling. For the first time in more than a decade, equity release rates have dropped to an average below 5%. Most lenders now charge an interest rate of 4.99% for releasing funds from your home. This is down from 5.1% from just a [...]
First of all, for many people entering retirement with a reduced income, budgeting to pay for existing mortgage and credit card debts can be hugely stressful. Often people will continue working longer than they planned or consider drastic and unnecessary changes to their lifestyle by selling up and moving to a cheaper property. Figures show [...]
If you are a first-time buyer you only have until 30th November 2019 to take out a Help to Buy ISA. So what is a Help to Buy ISA? A Help to Buy ISA is a type of Individual Savings Account (ISA) designed to help you if you are a first-time buyer save for a house [...]
It can make sense to review your mortgage from time to time. The chances are that your circumstances will have changed from when you took out your mortgage. You may have had a pay rise; your house may have increased in value, or you may be looking to take paternity leave? Whatever the reason, it’s [...]
This guide will give you an indication of the major costs associated with buying your first house or flat in England. The processes and fees for Wales and Scotland are different. We will look at the cost of moving home, your deposit and solicitor fees. This guide will help you budget for these costs to [...]
We have received Retirement Planners "Best Equity Release Adviser of the Year" award. Congratulations to our equity release advisers John Cossons and Darren Amos whom both submitted entries to this years, Retirement Planner Awards. Their applications helped Anstee & Co. to win the coveted award of “Best Equity Release Adviser of the Year” for 2019. [...]
Many people perceive pensions to be overcomplicated. However, the basic principle is a simple one. First of all, it is worth understanding the benefits of saving into a pension scheme and not just relying on the State Pension. The State Pension will provide you with a foundation, but for most of us, it may not [...]
