Q It’s my 50th birthday soon and I’ve been working hard in various jobs for almost 35 years. I want to be in a position to retire by the time I’m 60. How can I make sure that can happen? A This answer is a long one. I’ll send you a list of the information
My partner and I are cohabiting, but what are the implications in terms of inheritance tax? Q My partner and I bought a house seven years ago and while we do not intend to marry we are in a committed long term relationship. We have taken out life cover but friends frequently advise we should
How To Be Prepared For A Financial Emergency And Unexpected Bills Q: How should I prepare for a financial emergency? A: If you don’t have enough savings to fall back on, you should take action now to protect yourself from an unexpected bill. A third of us are living on the financial edge, with no
What is life insurance? I’ve been told that I need life insurance but as I don’t have any children do I really need it? Life insurance is a simple product designed to provide a lump sum or monthly income payment on death. It is designed to provide your dependents with financial security on your
New Year’s Resolutions – how to give your finances a thorough health check this January It’s still January but I wonder how many of us made and stuck to our New Year’s resolutions. Instead of committing yourself to some elaborate resolution, which may be all but impossible to keep, why not think about taking
School Fees My child is staring college in a few years and I am worried about the costs. How much do I need and what are my options? College costs are rising, so start saving now The cost of putting a child through college is increasing. If you have young children, you need to take
If you don’t have enough savings to fall back on, you should take action now to protect yourself from an unexpected bill.
A third of us are living on the financial edge with no savings whatsoever. The three most common unexpected costs were: car repairs, medical bills, and technology that needed urgent repair or replacement. Worryingly, many of us would either have to get into debt or increase our debt if we were hit by unexpected bills. And, unless you can rely on family or friends, getting hold of a decent chunk of cash fast will cost you. So it’s better to be prepared in case of an emergency.
Here are two ways to make sure you have money on hand for a rainy day.
Sort out your life insurance It’s important to make sure the person you love is adequately provided for, whatever happens to you. This means taking out life insurance – and also considering critical illness cover and income protection. Cover your rings! Your wedding rings are not only significant emotionally – chances are they cost a
There are countless articles about getting the best mortgage deal, explaining how to do it right, from finding a product that meets your needs to bagging the cheapest rate.
But, in reality, there are probably half a dozen or more ‘right’ mortgages for most borrowers – all of which would be suitable, competitive and meet their needs. Even in this restricted, post-credit crunch mortgage market, there are still many homeloans out there to choose from.
What’s just as important as finding a deal that suits you is avoiding making an absolute clanger. It’s a case of borrower beware when it comes to taking out a mortgage, because getting it wrong can cost you thousands.
Below are five major mistakes that could lead you to the wrong mortgage: