By John Cossons, Mortgage and Protection Designer at Anstee & Co. Firstly, what is a Green Mortgage, and should I have one? A green mortgage is meant to increase the appeal of owning a green, or energy-efficient, property. On top of the savings, you'll make on your energy bills each month. Also, the idea [...]
For many of us, our working life is stretching out. As our life expectancy rises and pension provisions become less generous reviewing your financial plans has never been more important. As we work longer, it is highly unlikely that we will have just one career path. The day's of a "job for life" has [...]
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 [...]
First of all, putting a retirement plan in place is key. The saying, “We don’t plan to fail, but we fail to plan”, has never been truer. If you are in your late fifties/early sixties and starting to think about retirement, there is certainly a lot to think about! So where do you start? [...]
So, what is equity release? Firstly, equity release is designed for homeowners aged 55 and over to release money from the property they live in without having to make any regular repayments. There are two types of equity release- Lifetime Mortgages and Home Reversion Plans. Both are regulated by the Financial Conduct Authority. Using [...]
By Rachel Efetha, Chartered Financial Planner, based in Bedford, Bedfordshire. According to the insurer, LV= the UK worker will change jobs every five years on average. Assuming you have a new pension for every job, the average 40-year-old will have accumulated five Pensions. Below are the top three reasons why you should review your [...]
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 [...]
By John Cossons, Mortgage and Protection Designer. With the ever-increasing cost of living, is your retirement income keeping up? We are all feeling the pressure of the rising cost of fuel to heat our homes and keep our cars moving, along with the relentless increase in the general cost of living. You may have [...]
Many mortgage borrowers are now making overpayments to reduce the impact of higher interest rates. A recent study undertaken for Barclays Bank found that nearly a quarter of homeowners overpaid their mortgage. Should you consider overpaying your mortgage? Why should you overpay your mortgage? Overpaying allows you to save on your interest payments. [...]
By Rachel Efetha, Chartered Financial Planner with Anstee & Co. There are predictions that unfortunately, redundancies will increase over the coming months as businesses need to cut costs or fail. People deal with redundancy in different ways. You will normally be entitled to statutory redundancy pay if you have worked for your employer for [...]
