Mortgage holders could benefit from rising property prices

Posted by siteadmin on Monday 22nd of July 2024

Homeowners who sold their properties in 2023 made an average profit of £74,000 according to data from property website Zoopla. But you don’t have to sell your house to benefit from rising property prices – they could help you get a better interest rate on your mortgage.

9 in 10 homes sold for more than their purchase price

Concerns that the Bank of England’s decision to increase its base interest rate might cause property prices to stagnate or fall appear to be unfounded as homeowners continue to benefit from long-term growth.

The average...


Seven things you can do to minimise will disputes

Posted by siteadmin on Monday 22nd of July 2024

We all hope that our estates will be dealt with in an orderly, considerate manner after we pass away, but the number of will disputes is increasing.

Up to 10,000 people in England and Wales dispute wills every year according to a report by The Guardian, and a growing proportion of these are being taken to court – 195 in 2022 compared to 145 in 2017. Thousands of families have been embroiled in challenges to wills that are often “ruinously expensive”, time-consuming, and emotionally draining.

Disputes can be taxing for our loved ones, but t...


Five essentials to know about critical illness cover

Posted by siteadmin on Monday 22nd of July 2024

Critical illness cover can help ease the burden that serious health conditions place on our finances, but almost three-quarters (73%) of young adults don’t have a critical illness policy. More than half of adults aged 18 to 40 don’t understand what critical illness cover is for, according to research published by Beagle Street and reported in IFA Magazine.

After having it explained to them, however, four in five of those surveyed said they would consider purchasing it. Critical illness cover pays out if you are diagnosed with a specified se...


Here's how financial protection can offer security for parents

Posted by siteadmin on Monday 22nd of July 2024

Serious illness can place immense stress on our families. The cost of caring for an unwell child, worry over access to essential services, and the emotional toll of serious illness are all things that no parent wants to think about.

We can’t predict what the future will hold for the health of our families, but we can take proactive steps to prepare for the risk that we or our children might become critically unwell.

Appropriate financial protection can be a vital safety net for parents, providing essential cover for children and easing the...


3 useful ways to manage your finances and boost your financial wellbeing

Posted by siteadmin on Tuesday 10th of October 2023

The cost of living crisis has dominated the headlines since inflation began to creep up from historic lows in mid-2021. While the Covid pandemic began the inflationary increase, the situation was made worse by the war in Ukraine, which pushed up energy and food prices even further. Following such an extended period of price rises, you may be concerned about your household finances and long-term plans. If you want to understand how you can tweak your expenses and finances to best protect your wealth through the cost of living crisis, read on ...


5 practical ways to make your pension go further during the cost of living crisis

Posted by siteadmin on Tuesday 10th of October 2023

Five options that could help you make your pension stretch further.

 

Household bills have increased rapidly during the past year. The current cost of living crisis began with the Covid pandemic, causing problems for economies around the world and creating global supply chain delays followed by the war in Ukraine.

Following such an extended period of price rises, you may be concerned about your household finances and long-term plans. If you are retired or about to retire and rely on a defined contribution (DC) pension for your incom...


5 practical ways to protect your money during the Cost of Living crisis

Posted by siteadmin on Tuesday 10th of October 2023

With inflation at its highest level in 41 years and energy prices skyrocketing, the cost of living crisis has dominated headlines since inflation began to creep up from historic lows in mid-2021. While the Covid pandemic began the inflationary increase, this was further exacerbated by the war in Ukraine pushing up energy and food prices even further. Following such an extended period of price rises, you may be concerned about your household finances and long-term plans. So, here are five ways to protect your finances during the cost of livin...


How financial advice adds more value to your life than you may realise

Posted by siteadmin on Tuesday 10th of October 2023

The cost of living crisis is causing many to re-evaluate the benefits of financial advice.

Traditionally, the value of financial advice has been measured by monetary results of investment performance and returns. Today, the cost of living crisis is causing many to re-evaluate the benefits of financial advice.

These days, financial planning is about more than simply looking after your money and protecting your wealth. As well as helping you see results in pounds and pence growth, we can also help ensure you are prepared to meet the ch...


Inflation explained – why is it so high and how could it affect you?

Posted by siteadmin on Tuesday 10th of October 2023

With inflation still high and energy prices skyrocketing, the cost of living crisis has dominated headlines since inflation began to creep up from historic lows in mid-2021. Following such an extended period of price rises, you may be concerned about your household finances and long-term plans.

“A small level of inflation each year is good for the economy.”

What is inflation?

Inflation measures how the average price of goods and services changes annually, and is the main driver of the cost of living crisis.

Each month, the Office for Nat...


Is drawdown right for you?

Posted by siteadmin on Tuesday 10th of October 2023

2 important questions to consider

If you have a defined contribution pension, you can access your retirement savings in a variety of ways. One of those options is drawdown – a flexible approach for dipping into your savings when you need to. Read on to learn more about it.

01 How much income are you likely to need throughout your retirement?
Your specific circumstances will influence how much income you need through retirement and the method you use to access your pension savings. Cashflow modelling can help you to see if your savings...