In the eighties until 2009, an interest-only mortgage was a popular option. Now, however, many of these mortgages are coming to the end of their term and money must be found to pay off the original capital sum borrowed. So, what should you do if you have an interest-only mortgage? Firstly, you need to ascertain [...]
A Lifetime Individual Savings Account, also known as a LISA, is a great way of boosting your savings for that all-important, first mortgage deposit. So, how does a LISA work and can I have one? How a LISA works First of all, as the name implies these are individual (sole) savings accounts. This means that [...]
A survey conducted by Aldermore Bank showed that almost three-quarters of business owners expect to be working past the age of sixty-five. This, however, is not out of choice. Two-thirds said that they would have preferred to have been enjoying their retirement by then. The key reason given is that they are looking to enjoy [...]
By Rachel Efetha, Chartered Financial Planner based in Bedford, Bedfordshire. The first working Monday of the new year has been dubbed ‘Divorce Day’ as it sees an increasing number of married couples starting to make enquiries about ending an already unhappy marriage which has had an increasing strain over the festive period. Getting divorced is [...]
It is only natural that after being with someone for a while that your finances become entwined. You will be surprised by how many financial products and agreements you will share with your ex-partner. These agreements may be in the form of a mortgage, credit card, car loan or even everyday utility bills. You need [...]
We are often asked. “How do I get a mortgage”? First of all, we would recommend that you start thinking about your mortgage application at least six months before you apply. Here are some of the key steps to follow to ensure that you get the best mortgage for you. Step one Check your credit [...]
By Samantha Clarke, Chartered Paraplanner with Anstee & Co. So, what is an "Additional Permitted Subscription" and how does it relate to an Individual Savings Account (ISA)? In 2015, the Additional Permitted Subscription (APS) was introduced which allows a surviving spouse or civil partner to be granted a one-off additional ISA allowance, without this amount [...]
By Rachel Efetha, Chartered Financial Planner with Anstee & Co. Having just had the Chinese New Year on Saturday 25th January, the festival traditionally will last to February 8th, about 15 days in total. The dates change every year because the festival is based on the Chinese Lunar Calendar. This calendar is associated with the [...]
In this article, we will look at what a Lasting Power of Attorney is, what it does and why you should be considering drawing one up. So what is a Lasting Power of Attorney? A Lasting Power of Attorney (LPA), are legal documents that can be used to help you safeguard your financial future. A [...]
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 [...]
