Buying a home for the first time can be a daunting prospect. There’s so many things to think about – and that’s before you’ve even considered the many mortgage products, rates and lenders to choose from.
Remortgaging means switching your mortgage to another deal – often with another lender.
When buying a rental property, you will need to decide whether your objective is income or capital growth.
A lifetime mortgage is a way of borrowing a set amount of money against the value of your home, in the form of a long-term loan, and without the need to move.
With a self build mortgage, money is released in stages as the build progresses.
Flexible mortgages recalculate the outstanding capital and interest (the amount you owe) on a daily basis.
With a Current Account Mortgage (CAM), you run all of your finances through a single account – your mortgage, current account, savings and personal loans.
Life and Critical Illness Insurance
This type of cover is designed to pay out a (tax-free) lump sum in the event of you suffering from certain types of serious illness or if you have to undergo certain types of surgery.
Income Protection Insurance is designed to pay you a regular tax free monthly income if you are incapacitated and unable to work due to illness or injury.
Level term assurance guarantees a known lump sum pay-out upon death within a fixed time.
Mortgage Life Assurance is designed to pay off the remaining mortgage debt on repayment mortgages if you die within a set period.
Whole of Life insurance guarantees to pay out in the event of death, whenever it occurs.
It is a sad fact that whilst most of us are quite happy to insure our car, our house and our travel arrangements to their full value, few of us take quite as much care over our health and loved ones.
Running a company is both time consuming and complex. What may happen should a shareholder die or become seriously ill is often overlooked.
One of the great risks of a business partnership is that one of your colleagues may die, with his or her share of the business passing to someone else.
An employer may take out a key person insurance policy on the life or health of any employee whose knowledge, work, or overall contribution is considered uniquely valuable to the company.
For 2016/2017, individuals are entitled to an annual exemption of £11,100 and trustees to £5,500.
A registered civil partnership is designed to be very much equivalent to a marriage for same sex couples
The Individual Inheritance Tax (IHT) Allowance for tax year 2016/2017 is £325,000.
Long Term Care
Meeting the cost of residential and nursing care in old age is a growing issue for many people in the UK. As life expectancy continues to lengthen, more of us can expect to require some form of long term care.
We work with a select group of conveyancing firms who can offer a range of services to our clients. To see what can be offered to you please click the link above.