Tuesday, 18 July 2017

An Important age – 55!

In today’s financial world reaching 55 carries with it certain opportunities. 55 is the minimum age at which one can take most pension benefits (with the key exception being the State Pension which is no longer age 65 for most people).


It is also the minimum age at which a person can take out a Lifetime Mortgage.


Monday, 3 July 2017

OPTIONS AND SOLUTIONS!

While there is much uncertainty politically in our and other countries, we can maintain our own personal financial stability by following sensible and proven rules. One of the first is to ensure that you have more money coming in than you spend! This certainly will keep you in the “Happiness” zone described by Charles Dickens, in one of his books.


This principle applies to individuals as well as groups and businesses and even countries.


To achieve this you do need to have a bit of organization in place so you can see all that comes in

and all that goes out. Much more could be done to help educate those growing up so that they do

grasp such basics and also learn the patience of setting money aside for a special purchase rather

than having to buy things immediately on impulse.


Thursday, 22 June 2017

Lifetime Mortgage Options

Whether you have an interest-only mortgage coming to the end of its term, or simply want to raise funds for other reasons, a Lifetime Mortgage could be a good solution.



Based only on age and property value, they are not dependent on income or affordability or credit status. Money can be raised for virtually any reason. You can choose to make payments or let the interest roll up. The minimum age for a Lifetime Mortgage is 55. For a couple the youngest has to be at least 55 years old. Note: Any mortgage already on the property must be repaid; it is not possible to have a Lifetime Mortgage in addition to an existing one.



Contact us for quotes or with any questions you may have.

Tuesday, 13 June 2017

USING OUR EXPERIENCE AND EXPERTISE

“Service is, as ever, unbelievable.”


Mr CE of Crawley



“Very professional and helpful service.”


Mr JG of East Grinstead

Monday, 5 June 2017

USING OUR EXPERIENCE AND EXPERTISE

“Thank you so much for all your help with these pensions.

We couldn’t have done it without you.”


Mr & Mrs KC of West Sussex



“Friendly and accurate advice.”


Mr AO of East Sussex

Wednesday, 31 May 2017

USING OUR EXPERIENCE AND EXPERTISE

We have accumulated much experience and expertise over the last 35 plus years which we can

use in providing impartial financial advice and helping to unravel the mysteries of pensions.

We always aim to provide a speedy and efficient service. Here are a few recent client comments:




“I was very happy with the service provided. Already recommended a family member.”

Mrs JA of East Grinstead


Monday, 22 May 2017

GETTING OUT OF THE MORTGAGE TRAP!

One problem that a number of older people face currently is how to pay off their interest only mortgage when it reaches the end of the mortgage term.


The Lifetime Mortgage is helping many in such a situation. The borrowing is based on age and property value only so it avoids many of the obstacles that the majority of lenders throw up. For those 55 and older it is possible to have an interest-only lifetime mortgage which can go on as long as they live. Besides repayment of interest, it is also possible to repay capital – although there may be early repayment penalties. Since this borrowing is based only on age and property value, it can help those who might not otherwise be able to borrow money. It can also provide a potential solution for those who have had an interest-only mortgage which is coming to the end of the mortgage term. Note: A Lifetime Mortgage cannot be arranged in addition to an existing mortgage. Any existing mortgage must be repaid. Lifetime Mortgages range from about 20% of property value for those aged 55 to about 50% for those aged 80. Here is a sample table of the maximum borrowing that may be available (note: in the case of a couple the providers will work on the age of the younger):


Age           % of             Age               % of
                 Property                             Property
                 Value                                  Value

55                20%            70                   40%


60                30%            75                   45%


65                35%            80                   50%


We can provide estimates for you to help with your planning if you feel this approach may suit your circumstances.