Divorce for those over the age of 55 is on the rise. Often referred to as “silver separators”, later life divorce can present many financial challenges. Running two homes can potentially be more costly than running one large house. With two properties there is also two sets of everything to pay for, including household bills, [...]
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 [...]
If you are dreaming of retirement, spending some time getting your financial affairs in order is a good idea. This will help you to realise if you can afford to retire and with a standard of living that you are used to, or if making a few financial sacrifices will help you achieve your end [...]
Successive Chancellors of the Exchequer have taken increasingly strong measures to increase their tax revenue by preventing tax evasion and avoidance. With the pressure on the government's finances during the pandemic, it is unlikely that the present Chancellor will not be any different. Financial planning has never been more relevant. Her Majesty Revenue and Customs [...]
Recent figures show that almost two-thirds of the United Kingdom population have not made a will. So, why is this? Firstly, what is a will and what will it do for you. A will is a legal document that sets out your wishes regarding the distribution of your estate and the care of any children. [...]
With an ageing population, more people than ever are looking for ways to pay for later-life care. In this article, we will look at the options available and how we can help you with financial planning at what often is a difficult time. If you are not eligible for State funding you are referred to as “self-funded”. [...]
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 [...]
First of all, many people who are looking at equity release often get confused about some of the product features on offer. Some would appear at first sight to be just a marketing ploy while others have some real benefits for you. The details below highlight some of the key terms used by the equity [...]
By Rachel Efetha, Chartered Financial Planner At our recent company meeting, Managing Director, Caroline Anstee, asked us all, what we do. Some of the responses from the financial planning team were:- We make peoples goals and aspirations come true Give peace of mind and financial security Act as a counsellor Change peoples lives Sort out [...]
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? [...]
