By John Cossons, Mortgage & Protection Designer. Home-buying trends change. If you are retired or close to retirement, you may be thinking about buying a home for one of several reasons. This might include moving elsewhere, downsizing, or more increasingly upsizing your home or possibly helping your children or grandchildren to buy a property [...]
Originally equity release was designed for older people who wanted to increase their income in retirement by releasing some of the equity tied up in their homes without downsizing. The equity release market is very competitive with lenders bringing out more innovated products that can offer more flexibility than before. These new products still [...]
It is quite easy to get confused about pensions. However, spending a little time to understand some of the key terms will help. This article aims to explain the key terms relating to pension and retirement planning that you may come across. We hope you find this "Pension Jargon Buster" guide useful. Final Salary [...]
By John Cossons, Mortgage & Protection Designer with Anstee & Co. Are you retired, or planning to retire, and concerned that your current mortgage fixed rate is coming to an end? With the rise in energy costs and general cost of living you may well be concerned that when your current mortgage fixed rate [...]
By Caroline Anstee, Managing Director of Anstee & Co. Many people have received 60L tax codes for their state pension that have never been taxed. The HMRC is deducting tax from personal pension arrangements with this code without any notice. The increase in the state pension means that many people will get taxed as [...]
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 [...]
Figures released from the Financial Conduct Authority (FCA), show that nearly 40% of borrowers taking out a new mortgage will be over the age of 65 by the time the loan is repaid. Why is this happening? With property prices increasing, first-time buyers are often having to wait until their thirties before they buy [...]
We have seen many exciting advances in medical science over recent years to improve life expectancy. It is now estimated that over two-thirds of the United Kingdom population, are now aged over fifty. That’s over 21 million people. Also, for the first time in history, two-thirds of this number are now aged over sixty. [...]
First of all, do you really want a divorce? Have you looked at the reasons why you are unhappy in your relationship? Have all the avenues such as marriage counselling, marriage coaching, psychotherapy or separation been explored. If you feel that there is no going back, you will need to consider the following. Take [...]
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 [...]
