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FOR HELP INFORMATION IN ARRANGING
MORTGAGES AND PENSIONS
Wide variety of mortgages available including:
* Council right to buy
* Up to 80% plus MPG and sometimes more
* Non status/self certification loan, up to 70% of valuation
*Buy to let or Let
to Buy.
* Re-mortgages for home improvement, 2nd home, capital raising etc.
Competitive fixed/variable interest rates
Generous income multiples (written details upon request)
MORTGAGE RELATED PRODUCTS AND MORTGAGES NOW REGULATED BY THE FINANCIAL
SERVICES AUTHORITY.
Your home is at risk if you do not keep up the repayments on a mortgage
or other loans secured on it.
PENSIONS
These are much in the
spotlight as at June 2011 with many people in both the Private and
Public sectors worried about their benefits being drastically reduced
in the future due to reductions in Defined Benefits,Loss or
curtailment of Final Salary schemes, changes in future normal retirement
ages for their schemes and increased contributions
The Hutton Report is in
itself a fair appraisal of what needs to be done but all schemes
are different so a broad brush to changes may not be the correct
answer for everyone.
It should be appreciated
that whilst most schemes are based on years of service set against
60ths of Final Salary to arrive at a final pension some schemes
particularly in the Public Sector are based on 80ths which means
that the ultimate pensionis is likely to be half final income as
opposed to two thirds as a maximum benefit. Further reductions
may also have already taken place to base future pensions on average
earnings over the working lifetime rather than be linked to higher
earnings achieved in the run up to retirement. It is small
wonder therefore that people in the Professions such as Teaching
and Nursing are up in arms about further cuts to their benefits
having already acted responsibly in adjusting those benefits as
well as having their earnings frozen.
Of course going on from this people
may move from the Public to the Private Sector
but in any event whatever
they decide to do it is imperative that they should contact a reputable
"Independent Financial Adviser" and by this I don't mean
their bank or some other glossy website which may purport to be
Independent. The provision of future Pensions is a specialist
subject but like all other investments it is only as good as the
performance of the area chosen for those investments. In my
view they should be broad based and not unduly speculative unless
your anticipated reirement is a long way off and your attitude to
risk is bold.
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