A lasting power of attorney should be part of your financial planning in the later years of your life. A will enables you to set out your plans after death, but a lasting power of attorney (LPA) will ensure that your wishes are carried out during your lifetime. What is a lasting power of attorney? [...]
We understand that relationship breakdowns can be emotionally tough and financially expensive, so try and avoid these mistakes. You mustn't underestimate the value of your pension in a divorce settlement. Understand the value of your pensions in a divorce. The valuation of a pension in divorce is never straightforward. Some pensions include guaranteed levels of [...]
You may be one of the millions of people in the United Kingdom who have critical illness cover. This vital protection was often taken out when you took out your first mortgage or renewed it. A good mortgage broker will renew your policies for you to ensure that they still provide the level of cover [...]
The mortgage industry estimates that over two million of us are paying too much for our mortgage. Homebuyers have not taken note of when there fixed or discounted rate deal has ended and have gone onto their mortgage lenders standard variable rate (SVR). With a remortgage, a homebuyer could save themselves a considerable about of [...]
This is the third in a series of articles about the difficult questions you need to be asking about your elderly parent's finances. In the first article, we looked at the importance of ensuring that there is a financial plan in place and the need to have a record of your parent's assets. In the [...]
By Rachel Efetha, Chartered Financial Planner with Anstee & Co. Whilst the 40 somethings parents and grandparents enjoyed a job for life and a pension from their employer based on the number of years service and their final salary. This, along with a state pension at 60 for women and 65 for men, most non-public [...]
This is the second of a series of articles about the difficult questions you need to be asking your elderly parents. In the first article, we looked at the importance of ensuring that there is a financial plan in place and the need to have a record of your parent's assets. As mentioned before this [...]
Do you feel that you are locked into an interest only mortgage deal that you cannot get out of? To help you with this mortgage companies are coming up with some creative solutions. Furthermore, as we are independent mortgage brokers, we can look at all the financial solutions available to you. However, for many, equity [...]
What is a silver striver I hear you ask? Is it a new superhero from Marvels Infinity Wars film? Well no, a silver striver is the term being used by marketing types for people who are working past their retirement date. If this is something that you are considering out of choice or necessity, then [...]
Living well into and past your 90’s is a real possibility today. Life expectancy is certainly getting longer for both men and women. For some this sounds exciting, for others it’s a worry about how they will afford to live. Whichever way you look at it, it certainly complicates things, especially your finances. That's why [...]
