Can I move home while in negative equity ?

Can I move home while in negative equity? Any time a property is worth less than the mortgage taken out on it, it is classed as being in negative equity. There is usually only one conceivable way that this happens, and that is as a result of falling house prices. It’s estimated that at least half a million properties in the UK may be in negative equity, and some areas are affected far more than others....

How to cope with the increasing costs of living

How to cope with the increasing cost of living The cost of living has been steadily increasing in recent years, which could have an impact on all of us in the near future. Larry Elliott, the economic Editor for the Guardian, recently wrote that the cost of living is ‘certain to rise noticeably over [the] next 12 months’ and could peak at 3%. Therefore, this means higher prices for consumers’...

Coping with financial stress as a senior

Coping with financial stress as a senior It is becoming more imperative that we start to look long-term and prepare earlier for life post-work. As we get older, there are far more financial pressures that are placed upon us such as families, mortgages, and long-term loans. It is no surprised that stress becomes more apparent. As we go through our 40s financial stress hits 45% of us, this reduces to...

Money Matters

As an independent financial advisor I would hope I understand the differing levels of wealth amongst different age ranges in the UK. It’s very clear the next couple of years are going to be interesting. You will always hear the words “uncertainty” and “challenging” used by politicians. Let’s be honest, it’s impossible to name a period in the UK where there hasn’t been challenges or...

6 Steps to consider before retirement

I’ve seen a lot of clients looking to retire over the last few years and I don’t think I’ve ever met a client that has ticked every box when thinking about their long term retirement. These are the 6 key steps we feel you should always do and take before considering retirement: Get a full medical – it seems very obvious but I know very few clients that actually do it. The difference this information...

FTSE100 – Where is it going next ?

FTSE100 – Where is it going next? At the moment nearly every article and media broadcast mentions the word “Brexit or Brexiter”. My personal challenge was to write an article without mentioning those words. I get asked the same question almost on a daily basis “what next for the markets”. As a financial advisor are we really expected or qualified to answer this question? In truth, can anyone...

Will Brexit affect over 50s?

Whether you see it as unfortunate or great we are officially leaving the EU. No matter if you support or oppose this idea you will have to accept that there will be some consequences due to this decision a lot of which will affect us right away. As soon as the results were released publicly the value of Sterling dropped massively obviously affecting exchange rates and currently affecting petrol prices....