*Correct at 10 February 2015 YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "*Correct at 10 February 2015 YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE."

Transcription

1 Financial Viewpoint Issue Spring 205 Downton and Ali Associates Your latest newsletter from Downton & Ali Associates Low rates, why wait? Get the right advice While banks and building societies are competing for your business, you need to be aware of the fees which may make the overall price more expensive. Although recent growth in the economy has led many to suggest that rates will rise again, the continuing low inflation level, gives little reason to raise the cost of borrowing. As well as pay slips and bank statements, details of regular payments such as haircuts, holidays and childcare could be required on your application. Indeed, the Bank of England hinted interest rates won t rise until Spring 206. The rock-bottom interest rates mean savers are not getting such a great deal. You need to make sure you put your money in the right type of account with the best rate. A great time for borrowers The low interest rates have helped banks and building societies keep prices down on mortgages. Data from the Bank of England shows the average two-year fixed rate for a borrower with a 25% deposit is now 2.0%*. This is down from 3.% in January 203. The average five-year fixed rate mortgage for someone with a 25% deposit stands at 3.09%*. The average rate on a 0% deposit mortgage stands at 3.79%, while the average rate on 5% deposit is 4.79%*. While it may be cheaper than ever to get a mortgage, borrowing has become harder since new affordability rules were brought in during April 204. The new rules require lenders to look more closely at outgoings too. Rethink your savings plans One option is to use your yearly ISA Allowance. A cash ISA is simply a savings account where you don't pay tax on the interest. As of 6 April, savers can put up to 5,240 into their ISA and if you opt for an easy-access ISA you can take the money out whenever you like. Whether you are looking for your first home, a bigger house or just to remortgage, or you want to know more about your saving options including ISAs, talk to us and you ll get the advice you need to get a great deal. *Correct at 0 February 205 YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. A fee of 495 may be payable on completion Downton & Ali Associates COPEN96 Exp. 0/0/205 UK interest rates have been at the record low of 0.5% since March 2009.

2 Landlords and lending What you need to know The National Landlords Association (NLA) claims that so-called part-time landlords now make up more than 70% of the private rented sector. If you re planning to buy a rental property as a longterm investment, or to generate a regular income, here are a few points you may want to consider before you get started. Buy to Let mortgages You re likely to need a Buy to Let mortgage to finance your property purchase. Buy to Let Mortgages are not regulated by the Financial Conduct Authority, but the lender will still be looking for you to meet a number of requirements. Typically, the lender will expect you to: Provide accurate information about your financial circumstances Understand the legal implications and commercial risks of being a landlord Read and understand its Buy to Let offer pack, and the terms and conditions Understand that you, not your tenant, are responsible for meeting mortgage payments Mortgage costs Mortgage interest payments are likely to be your largest ongoing cost, and most lenders will want to ensure that the rental you earn from letting your property easily covers your mortgage commitment. You ll also need to consider the lender s arrangement fee. This can often be added to your mortgage, which means you will pay interest on it, but this can normally be offset against your tax liability. Purchase costs If you re funding your purchase with a mortgage, you will still need to find a deposit from elsewhere. Depending on the condition of the property, you may have to undertake structural or decorative work. You ll also have to budget for furniture and appliances if you intend to let your property furnished. Other costs will include legal fees, Stamp Duty Land Tax (if appropriate) and a survey fee. Ongoing running costs Like your own home, a Buy to Let property will require maintenance and you ll need to maintain the safety of gas and electrical appliances. You might think of using a letting agent to market your property, select tenants and manage the property. A letting agent will typically charge around 0 5% of the monthly rental for this service. 2 Your tenant will normally be responsible for most property related costs such as Council Tax, a TV Licence and utilities. The tenancy agreement should clearly set out who is responsible for each of these payments. Don t forget to budget for insurance. Specialist buildings and contents insurance for landlords is essential, but you should also arrange cover to protect you against loss of rental income. Understand that non-payment of the mortgage may put the wellbeing of your tenants at risk and could lead to the property being repossessed They will also expect you to let them know if your circumstances change and you decide to occupy a property. National Landlords Association, 0 July November 204 If you d like more information on how to fund and protect your Buy to Let investment, please get in touch. YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. A fee of 495 may be payable on completion COPEN924 Exp. 7/2/ Downton & Ali Associates

3 What s your deadline to the breadline? The insurer found that, on average, working age families in the UK have just two weeks before becoming totally reliant on state benefits, friends or family. Research results for the UK suggest that those in Wales are most at risk, being an average of just seven days from the breadline. Those in Scotland (7 days) and Northern Ireland (9 days) are also among the most vulnerable. The best-prepared region of the UK is Greater London where households are, on average, 83 days away from the deadline. Your savings The average UK household has just,205 in savings and 35% of households admit to having no savings at all. Unforeseen events, ranging from illness to redundancy, often lead to a sudden loss of income, which means that over a third of UK households would not have enough cash to maintain their standard of living. Making cutbacks The research also showed that three quarters of households worry about a rise in the cost of living. A rise of just % in mortgage interest rates would mean that households would no longer be able to save each month and would have to change their spending habits or rely on existing savings to make ends meet. A rise of 2% would move them one day closer to the breadline. Shockingly, more than a quarter of those surveyed admitted they did not know where they d be able to make cutbacks to find extra money. How can you protect yourself? If you were left without an income, you may be surprised how quickly your savings could be swallowed up by things like rent or mortgage payments, bills and other financial commitments. A protection policy can help ensure your financial commitments are taken care of if you, or your household s main breadwinner, suffered a sudden loss of income. If you'd like advice on how to protect your finances, or you d like to review your protection needs, please get in touch. COPEN958 Exp. 3/2/5 Research from Legal & General has revealed how quickly your money might run out if your household s main breadwinner died, or became unable to work due to long-term sickness or a critical illness. Legal & General s Deadline to the Breadline Report 204 Downton & Ali Associates

4 Would you lose your home if you lost your income? Buying a new home is probably one of life s biggest and most exciting events. It s also a big financial commitment one that could be with you for 25 years or more. Your ability to maintain your mortgage payments relies on a constant income, so how would you continue to make your mortgage repayments if your income was reduced or stopped? Why gamble on your future? You are far more likely to suffer a serious illness than see your numbers come up. Winning national lottery jackpot: in 4 million chance Thinking about the bad things that could happen death, serious illness, injury isn t pleasant, especially when we feel fit and healthy. But by confronting the reality that it could happen to you, and putting plans in place to deal with it, you can give yourself extra peace of mind today and make sure you and your family are financially protected if the unthinkable ever happens. A report by Macmillian Cancer Support showed that 4 in 5 people with cancer are affected financially. 4 There are a range of products available that can provide a lump sum or a regular income on death, or diagnosis of a critical illness, and they could cost less than you think. Choosing the right plan is important especially if you already have some cover in place. This can be reviewed and we can determine if the cover is still appropriate. Please get in touch so that we can assess your circumstances and the cover options available to you. Having a stroke: in 6 chance 2 Getting diagnosed with cancer: in 2 chance if born after Macmillan Cancer Support Cancer hidden price tag report (202) COPEN967 Exp. 0/04/206 Downton & Ali Associates

5 Offset mortgages explained Offset mortgages may be familiar in name but do you really understand their features and benefits? Here s a quick guide. What is an Offset mortgage? Usually linked with one bank account (but sometimes more), an Offset Mortgage allows the money in your savings account to be counted as temporary overpayments towards our mortgage. However, your savings remain accessible so you can still get to them if you need to. Why might you choose an Offset mortgage? Taking out an Offset mortgage enables you to use your savings to reduce your mortgage balance and therefore the interest you pay on it. For example, if you borrowed 200,000, but had 50,000 in savings, you would only be paying interest on 50,000. Advantages As you pay less interest, Offset mortgages can help reduce your monthly repayments, or enable you to repay your loan early. You maintain access to your money, should you need it. Deals can be quite flexible, allowing you to offset savings and current accounts against your mortgage. Disadvantages Money held in Offset accounts won't earn you interest. If you don't have much saved, you won't save much on the mortgage, meaning it may be better choosing an alternative deal with a lower interest rate. Offset mortgages are usually more expensive than standard deals. When is it worthwhile? If you have a mortgage rate that is higher than your savings rate (after tax), you may find yourself better off by offsetting even if you don t have a high savings balance. In addition, you have the added security of being able to access your savings at any time (unlike making overpayments on a traditional mortgage). An Offset mortgage may be even more appealing if you re a higher rate tax payer. As there is no interest paid on the money in an Offset savings account, there is no tax liability. Offset mortgages can offer real financial benefits if you have a mortgage and some savings. By seeking professional advice, you will gain a clearer picture about whether it s the right choice for you. To discuss your mortgage needs, please get in touch. Offset mortgages can be more expensive compared to a standard deal, but they can help to reduce your monthly payments, whilst still giving you access to your savings. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. A fee of 495 may be payable on completion COPEN926 Exp. 7/2/ Downton & Ali Associates

6 The most valuable gift you can buy? They can provide a regular income or cash payout to ease the financial burden of: death serious injury or illness unemployment (as an additional cover with certain policies) Which policy is right for you? Life Insurance can provide financial security to those who depend on your income when you die. It could pay off your mortgage, or provide an income to help cover things like regular household bills. The most appropriate type of Life Insurance will depend on your circumstances Term Insurance pays out a lump sum if you die within the agreed term (the amount of time you have chosen to be covered for, eg. 20 years). Family Income Benefit Insurance pays out a regular income, instead of a lump sum, to provide ongoing financial support for those who depend on you. Critical Illness Insurance pays out a tax-free lump sum on the diagnosis of certain life-threatening or debilitating conditions, like cancer, heart attack or stroke. You may decide to buy Critical Illness Insurance when taking on a major commitment, like a mortgage or starting a family, but it can be bought at any time to provide peace of mind. Income Protection Insurance pays out a regular, tax-free income if you become unable to work because of illness, injury or unemployment. It could help you keep up with your mortgage or rent payments, as well as other living costs, until you re able to return to work. Things change and so should your cover You may already have one or more of the above in place, but it s still worth reviewing your current cover levels. Personal circumstances can change regularly so it s important to ensure your level of cover remains appropriate. Whole of Life Insurance pays out a lump sum when you die, whenever that is, as long as you are still paying the premiums. Contact us today for a Life and Protection Insurance review. Downton & Ali Associates COPEN929 COPEN929 Exp. Exp. 7/2/ Life and Protection Insurance policies (sometimes known as Family Protection ) offer a financial safety net for you and your loved ones, should the worst happen.

7 What s your personal financial wellness plan? The outgoings we face today just to keep on top of the mortgage or rent, utilities, food and other regular commitments such as loans and childcare costs, can be significant. So it s important to plan for the unexpected and avoid making a potentially costly mistake. We might worry about how we would pay the bills and look after our families if we were to have an accident, but the truth is many of us don t have cover in place to protect against it. With 30% of households admitting they wouldn t be able to pay their mortgage if they were to unexpectedly lose their income, it s clear there s a real risk of serious financial hardship if income stops - even for a short time. The importance of appropriate protection Most of us buy travel insurance when we go on holiday. We insure our pets against illness and the sometimes eye-watering vets bills this can incur. We insure our mobile phones, washing machines, gadgets and cars. But all of these expenses need to be funded from somewhere, and if a sudden event affects our personal cash flow, it would be hard to see how we could keep these other insurances going let alone all the other outgoings. Swiss Re 2 estimates that the average person is underinsured by as much as 00,000, with single parents, couples with children and the under-35s the most likely to not have the right cover. That is just an estimate it could be higher and the pressures on average incomes mean it probably is. Is it time to review your circumstances? There is real value in taking time to regularly think about your personal circumstances. As you go through life, your lifestyle will change and so too will your need for protection. There are a number of affordable protection products available that give you peace of mind in knowing your finances would stay intact. These include life and critical illness cover, income protection, insurance aimed specifically at hospital stays and treatments, as well as accident protection. HSBC Survey Make a commitment to your own financial wellness and talk to us about life and protection insurance tailored to your circumstances. COPEN959 Exp. 0/04/206 Downton & Ali Associates

8 Home insurance top tips General Insurance is an important part of any financial plan, and you should make sure you review your cover regularly. We ve come up with three tips to help knock your insurance into shape. 2 Get on top of things Make sure you know where your money is going. Many people don t keep track of their direct debits and if you re one of them, you could be paying for insurance policies that you no longer need. Dig out those certificates of cover and policy documents, and check your cover levels so you know exactly what you're paying for. Ask us to review your cover We could help you reduce your outgoings, identify instances where your protection could be improved or uncover gaps in your insurance. We can also help you understand what you re covered for and what you aren t. While buying home insurance may feel like an expensive chore, it s critical to ensure it meets your needs and expectations. If you don t fully understand your policy excesses (the contribution you are required to pay towards a claim) and policy exclusions (such as accidental damage), your insurance could end up letting you down when you need it most. 3 Have a backup plan As part of this process, take the opportunity to review your other insurance arrangements, including your family and income protection. Research from insurer Legal & General suggests that if you were to lose your regular income, you would on average have less than four weeks until your money ran out. Respondents to the same Legal & General survey believed they could last an average of 77 days without an income almost three times longer than the reality of 29 days. It can be easy to question the value of insurance until the day you need it most. If you ve ever been unfortunate enough to make an insurance claim, you ll know just how valuable it can be. We can help you understand how the right insurance can help protect you, your home and those you care about most. Alternatively you may not even realise you actually require specialist insurance. If your home is classed as a non-standard construction, or you have highvalue contents in the home, it may be appropriate to call in a specialist insurance provider that can meet your needs. If you d like help reviewing your insurance needs, please get in touch. Downton & Ali Associates Dartford Business Park Victoria Road Dartford DA 5FS Downton and Ali Associates COPEN935 Exp. 7/2/

Life and protection insurance explained

Life and protection insurance explained protection? Life and protection explained A guide to personal and family protection This guide explains the types of life and protection available and how they can offer you valuable peace of mind. If

More information

Have you protected the most valuable things in your home? Protecting yourself as well as your home

Have you protected the most valuable things in your home? Protecting yourself as well as your home Have you protected the most valuable things in your home? Protecting yourself as well as your home What s inside 2 A product to suit your life today, and in the future 4 Income Cover for Sickness 6 Critical

More information

LIFE AND PROTECTION INSURANCE EXPLAINED

LIFE AND PROTECTION INSURANCE EXPLAINED LIFE AND PROTECTION INSURANCE EXPLAINED INTRODUCTION Most of us would like to think that when our lives come to an end, we ll be old, our loved ones will be financially secure and our financial responsibilities

More information

Life and Protection Insurance explained

Life and Protection Insurance explained OPW 01 (03/11) Demographik Life and Protection Insurance explained Openwork Limited is authorised and regulated by the Financial Services Authority. Registered in England 4399725. Registered office: Tri

More information

Why do I need protection?

Why do I need protection? Why do I need protection? What s inside 3 Life cover 4 Critical illness cover 7 Income protection 8 Who else would you rely on? 10 It might cost less than you think 12 A word from your adviser... Introduction

More information

Your guide to protecting yourself and your loved ones with Aviva

Your guide to protecting yourself and your loved ones with Aviva Your guide to protecting yourself and your loved ones with Aviva Protect what matters most What s the most precious thing in the world to you? There s really only one answer to that the people who are

More information

Mortgage advice you can depend on

Mortgage advice you can depend on Our Mortgage advice you can depend on Whether buying your first home, buying to let, or remortgaging, this guide tackles the main considerations. If you want to learn more and receive advice tailored to

More information

Your mortgage with us. Helping you feel at home

Your mortgage with us. Helping you feel at home Your mortgage with us Helping you feel at home Your mortgage now and in the future Your mortgage shouldn t be complicated you apply for a loan and we lend what we think you can afford. Simple. It s a valuable

More information

MORTGAGE ADVICE YOU CAN DEPEND ON

MORTGAGE ADVICE YOU CAN DEPEND ON MORTGAGE ADVICE YOU CAN DEPEND ON INTRODUCTION Whether you re buying your first home, remortgaging, or purchasing an investment property, there are lots of processes to go through, issues to tackle and

More information

MORE CHOICE MORTGAGE CENTRE MORTGAGE GUIDE

MORE CHOICE MORTGAGE CENTRE MORTGAGE GUIDE MORE CHOICE MORTGAGE CENTRE MORTGAGE GUIDE All you need to know about buying and protecting your home THE FSA More Choice Financial Ltd, The Rufus Centre, Steppingley Road, Flitwick Beds MK45 1AH is authorised

More information

Life and protection insurance explained!

Life and protection insurance explained! Life and protection insurance explained! Introduction Some things are certain in life, like the fact that one day, we ll die. Most of us would like to think that when that day comes we ll be old, our loved

More information

www.businessoviso.co.uk 0333 321 0060 info@businessoviso.co.uk Key Person Insurance for you and your business Key Person Insurance

www.businessoviso.co.uk 0333 321 0060 info@businessoviso.co.uk Key Person Insurance for you and your business Key Person Insurance for you and your business 1 People are important in my business As a business owner you know what you need to make your business a success. Suitable premises, machinery and your computer systems may all

More information

Keeping up with mortgage repayments

Keeping up with mortgage repayments Keeping up with mortgage repayments This information is an extract from the booklet Housing costs, which is part of our Financial guidance series. You may find the full booklet helpful. We can send you

More information

Income protection. Paying you a monthly income if you can t work because of an accident or illness

Income protection. Paying you a monthly income if you can t work because of an accident or illness Income protection Paying you a monthly income if you can t work because of an accident or illness Income Protection How it works when you can t Income Protection is a type of insurance which helps replace

More information

Your Mortgage Guide. The Exchange. Property Services Mortgage Services Letting & Management Services Conveyancing Services

Your Mortgage Guide. The Exchange. Property Services Mortgage Services Letting & Management Services Conveyancing Services The Exchange Property Services Mortgage Services Letting & Management Services Conveyancing Services Your Mortgage Guide Contents: Introduction... 3 The Financial Services Authority (FCA)... 3 What is

More information

Countrywide Mortgage Services. Your guide to insurance

Countrywide Mortgage Services. Your guide to insurance Your guide to insurance Your guide to insurance This guide provides an overview of the different types of insurance products available through Countrywide; each of which have been designed to ensure that

More information

your Making the choice clearer SOLD TO LET

your Making the choice clearer SOLD TO LET your SOLD mortgagefor SALE movesold TO LET Making the choice clearer mortgage At Connells, we ll make it easy for you with our comprehensive mortgage service. Help and guidance from the experts Buying

More information

MORTGAGES4REAL LIMITED

MORTGAGES4REAL LIMITED WELCOME TO MIKE ROGERSON.CO.UK ESTATE AGENTS SURVEYORS LETTINGS MANGEMENT MIKE ROGERSON MORTGAGES4REAL LIMITED We know that taking out a mortgage will probably be the biggest financial commitment you can

More information

Family protection made easy

Family protection made easy Family protection made easy A guide to life assurance This product is provided by Irish Life Assurance plc. AIB has chosen Irish Life, Ireland s leading life and pensions provider, to provide its customers

More information

Though not a pleasant thought it's important to think about this: when you die, who will you leave behind?

Though not a pleasant thought it's important to think about this: when you die, who will you leave behind? Personal insurance There are many risks you face during your lifetime, but the most serious ones you will face are death, disability, serious illness and/ or medical intervention (surgery). These can happen

More information

A HELPING HAND WITH OWNING YOUR HOME.

A HELPING HAND WITH OWNING YOUR HOME. 1 OUR GUIDE TO BUYING, REMORTGAGING AND PROTECTING YOUR HOME 1 A HELPING HAND WITH OWNING YOUR HOME. WE UNDERSTAND HOW IMPORTANT IT IS TO HAVE THE RIGHT INFORMATION TO HELP YOU EVERY STEP OF THE WAY WHEN

More information

how the One account works all your questions answered 08456 000 00 1 oneaccount.com

how the One account works all your questions answered 08456 000 00 1 oneaccount.com how the One account works all your questions answered 08456 000 00 1 oneaccount.com Contact us By telephone 08456 000 00 1 By typetalk 08456 000 00 1 By textphone 08456 10 10 56 By post By web The One

More information

Lifetime Protection Plan from Standard Life Protecting you and your family

Lifetime Protection Plan from Standard Life Protecting you and your family Lifetime Protection Plan from Standard Life Protecting you and your family Remember when you thought you were invincible 1 of 33 2 of 33 When was the last time you felt invincible? Contents The need for

More information

A Guide To Life Insurance and Protection

A Guide To Life Insurance and Protection A Guide To Life Insurance and Protection Independent Financial Advisers Independent Mortgage Advisers P N DALES LTD, are an Independent Financial Advisers, experts in protection & life insurance. We help

More information

KEY GUIDE. Financial protection for you and your family

KEY GUIDE. Financial protection for you and your family KEY GUIDE Financial protection for you and your family Protecting what matters most Life and health insurance protection underpins most good financial planning. These types of insurance can ensure that

More information

Deciphering Life Insurance Options: How Choosing the Right Policy Can Help Safeguard Your Earning Potential and Savings

Deciphering Life Insurance Options: How Choosing the Right Policy Can Help Safeguard Your Earning Potential and Savings How Choosing the Right Policy Can Help Safeguard Your Earning Potential and Savings 1 Many people think of life insurance as something they ll need when they get a bit older and want to ensure their loved

More information

Buy to Let investors guide

Buy to Let investors guide Buy to Let investors guide YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE On your side in Buy to Let Buying property to let as a long-term investment or to generate

More information

Flexible Protection Plan. Protecting your lifestyle and family with one simple plan

Flexible Protection Plan. Protecting your lifestyle and family with one simple plan Flexible Protection Plan Protecting your lifestyle and family with one simple plan Contents Introduction Income Protection Life Protection Critical Illness Protection Protection with a heart Extra things

More information

How to maintain your lifestyle in uncertain times.

How to maintain your lifestyle in uncertain times. How to maintain your lifestyle in uncertain times. A Guide to Income Protection Fills the gaps other insurance leaves behind 1 X Filling the gaps We all like to think we've got it covered if the unexpected

More information

Understanding mortgages

Understanding mortgages This information is an extract from the booklet Housing costs, which is part of our Financial guidance series. You may find the full booklet helpful. We can send you a free copy see page 7. Contents What

More information

WHAT S INSIDE. Financial Planning. Starting out. Young families. Established families. Empty nesters. Retirement Getting the best advice

WHAT S INSIDE. Financial Planning. Starting out. Young families. Established families. Empty nesters. Retirement Getting the best advice FINANCIAL PLANNING If you re looking for advice on financial planning, this guide explains some of the things you may need to consider. We hope you find this guide and the important pointers to each life

More information

Remortgaging it may be your best decision

Remortgaging it may be your best decision Remortgage Guide Remortgaging it may be your best decision Why do I need to consider a remortgage? For most homeowners, a mortgage is probably your largest financial commitment so it s essential to ensure

More information

A Guide to Buy to Let

A Guide to Buy to Let A Guide to Buy to Let Get in to Buy to Let Buying property to let as a long-term investment or to generate a regular income has become an increasingly popular option over recent years, and the demand from

More information

Insurance delivering peace of mind. Your guide to insurance at Plum

Insurance delivering peace of mind. Your guide to insurance at Plum Insurance delivering peace of mind Your guide to insurance at Plum Contents Why insurance matters 2 Types of cover 4 What s right for me? 7 1 Safeguarding you and your family Life is unpredictable. From

More information

Personal insurance. What is insurance? What is personal insurance? Life insurance. Fact sheet

Personal insurance. What is insurance? What is personal insurance? Life insurance. Fact sheet Fact sheet Personal insurance Current as at 15 April 2012 What is insurance? Insurance is an agreement with an insurance company to pay you a sum of money if something is damaged or lost. It is form of

More information

for independent information mortgages made easy

for independent information mortgages made easy for independent information mortgages made easy About us We are an independent watchdog set up by the Government to: regulate firms that provide financial services; and help you make informed decisions

More information

For financial advisers only. An espresso guide to selling income protection

For financial advisers only. An espresso guide to selling income protection For financial advisers only An espresso guide to selling income protection Income protection: why it matters At LV= we believe everyone should be supported if they re ill and can t work, through quality

More information

FAMILY PROTECTION MADE EASY. A guide to life assurance

FAMILY PROTECTION MADE EASY. A guide to life assurance FAMILY PROTECTION MADE EASY A guide to life assurance INTRODUCTION Your Health is your Wealth - I genuinely believe that to be true. I work in the A&E Department of a large hospital and every day I see

More information

Whatever s special about your family life, make sure you protect it

Whatever s special about your family life, make sure you protect it Whatever s special about your family life, make sure you protect it Your family is special, so make sure you protect it When something awful happens, it feels like normal life stops. But, even for a family

More information

Insurance. Covered, just in case. - How much cover do we need? - Buying insurance - Types of insurance - Where to go for help

Insurance. Covered, just in case. - How much cover do we need? - Buying insurance - Types of insurance - Where to go for help Insurance Covered, just in case - How much cover do we need? - Buying insurance - Types of insurance - Where to go for help Sorted by the Commission for Financial Capability How much cover do we need?

More information

NOW S THE TIME TO TAKE INTEREST.

NOW S THE TIME TO TAKE INTEREST. REMORTGAGE THE RIGHT WAY NOW S THE TIME TO TAKE INTEREST. We know how precious your spare time is. An adviser can take all the hard work off your hands when you look into remortgaging. With dedicated experts

More information

For customers Friends Life Protect+ Income Protection Cover. Income Protection Cover. It s income protection. And more.

For customers Friends Life Protect+ Income Protection Cover. Income Protection Cover. It s income protection. And more. For customers Friends Life Protect+ Income Protection Cover Income Protection Cover It s income protection. And more. It s income protection. And... 2 it addresses a vital need it provides a regular income

More information

Critical Care Insurance - strong medicine to help you recover financially stress-free from a diagnosis of a Critical Illness

Critical Care Insurance - strong medicine to help you recover financially stress-free from a diagnosis of a Critical Illness With a diagnosis of a Critical Illness, the last thing you need to be worried about is your financial health. RX: A dose of extra cash to spend any way you want. In many cases, health insurance just isn

More information

Lifestyle Protection Insurance. Cover for your financial commitments and expenses in the event of the unexpected.

Lifestyle Protection Insurance. Cover for your financial commitments and expenses in the event of the unexpected. Lifestyle Protection Insurance Cover for your financial commitments and expenses in the event of the unexpected. About Lifestyle Protection Insurance Life doesn t always go according to plan. Redundancy,

More information

A Small guide to some Insurance products that you have heard of, but, not sure what they mean!

A Small guide to some Insurance products that you have heard of, but, not sure what they mean! A Small guide to some Insurance products that you have heard of, but, not sure what they mean! Helping you to understand Insurance Please find our guide to some Insurance Products which we know you have

More information

MLC Insurance Enjoy life

MLC Insurance Enjoy life MLC Insurance Enjoy life Enjoy life! Enjoying life is all about living today. But it s not always easy if you are worried about tomorrow. So rather than worrying about what may or may not happen, insure

More information

Want. to make. your. home. your. own? Find out if this could be the right time to consider buying. Your Right to Buy

Want. to make. your. home. your. own? Find out if this could be the right time to consider buying. Your Right to Buy Council or Housing Association tenants Want Your Right to Buy to make your home your own? Find out if this could be the right time to consider buying 1 Contents Why you might like to buy Why you might

More information

right up your street.

right up your street. buy to let landlords guide right up your street. More and more people are renting. As a landlord you ve got enough to think about, without worrying if you ve made the right financial choices. Our advisers

More information

Income Protection Cover. A fresh approach to Income Protection with 5-star cover

Income Protection Cover. A fresh approach to Income Protection with 5-star cover Income Protection Cover A fresh approach to Income Protection with 5-star cover What should Income Protection offer you? If you are unable to work because of illness, injury or disability, we believe that

More information

Mortgage Insurance. Mortgage Insurance that is Custom Built to Meet Your Needs. that is Custom Built to Meet Your Needs. About Industrial Alliance...

Mortgage Insurance. Mortgage Insurance that is Custom Built to Meet Your Needs. that is Custom Built to Meet Your Needs. About Industrial Alliance... Mortgage Insurance that is Custom Built to Meet Your Needs HOME PROTECTION PLAN MORTGAGE INSURANCE About Industrial Alliance... Founded in 1892, Industrial Alliance Insurance and Financial Services Inc.

More information

A Guide to Critical Illness Insurance

A Guide to Critical Illness Insurance A Guide to Critical Illness Insurance This guide about Critical Illness cover is designed to help you decide if this is a suitable product for you. It aims to help by answering the following questions:

More information

Financial Planning for Contractors

Financial Planning for Contractors Financial Planning for Contractors Contents 1.0 Contractor Mortgages Page 1 2.0 Contractor Pensions Page 2 3.0 Critical Illness and Income Replacement Page 4 4.0 Contractor Life Insurance Page 5 5.0 Relevant

More information

Insurances: A Guide YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Insurances: A Guide YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE Insurances: A Guide Hello, and welcome to our guide to mortgage-related insurances, which we hope will give you a useful introduction to the types of cover you can take out to protect your home and family.

More information

Your retirement could have even more going for it

Your retirement could have even more going for it Your retirement could have even more going for it A straightforward guide to equity release For no obligation advice: call 0800 015 0993 www.justretirementsolutions.com Contents Imagine what you could

More information

Award winning. One of the UK s leading mortgage brokers. MAB is the UK s largest independent high street mortgage broker

Award winning. One of the UK s leading mortgage brokers. MAB is the UK s largest independent high street mortgage broker Award winning One of the UK s leading mortgage brokers MAB is the UK s largest independent high street mortgage broker We operate out of over 700 offices across the UK We pride ourselves on the quality

More information

LEGAL & GENERAL HOME FINANCE. Guide to Lifetime Mortgages

LEGAL & GENERAL HOME FINANCE. Guide to Lifetime Mortgages LEGAL & GENERAL HOME FINANCE Guide to Lifetime Mortgages A lifetime mortgage could give you the freedom to really enjoy your retirement. We re delighted you re finding out more about lifetime mortgages.

More information

A simple guide to Life Insurance

A simple guide to Life Insurance A simple guide to Life Insurance Your guide to Life, Income Protection, Trauma, and Total & Permanent Disability Insurance. Lifebroker Pty Ltd ABN 92 083 177 011 Introduction Why do I need personal insurance?...

More information

Help first-time buyers get on the protection ladder

Help first-time buyers get on the protection ladder For advisers only Help first-time buyers get on the protection ladder Affordable cover for your clients Mortgage opportunities. Protect more than just the bricks and mortar. What s inside 1 Helping your

More information

Get to know your options for protecting yourself and your family

Get to know your options for protecting yourself and your family Get to know your options for protecting yourself and your family LifeProtect Guide Allow us to introduce ourselves. We are Zurich. We are part of a global insurance group with Swiss roots. We are one of

More information

Mortgages Things You Should Know

Mortgages Things You Should Know Mortgages Things You Should Know Moving and Money So you re starting to talk about moving out of London or perhaps you ve made the decision already and you ve started the search in earnest. One of the

More information

Life Insurance made easy

Life Insurance made easy Life Insurance made easy INTRODUCTION Your Health is your Wealth - I genuinely believe that to be true. I work in the A&E Department of a large hospital and every day I see the challenges people face in

More information

In safe hands. Business protection for sole traders

In safe hands. Business protection for sole traders In safe hands Business protection for sole traders How secure is your financial future? As a sole trader the success of your business depends on you your skills, your judgement, your drive. In turn you

More information

A FRESH APPROACH TO INCOME PROTECTION WITH 5-STAR COVER FROM VITALITYLIFE VITALITY.CO.UK/LIFE

A FRESH APPROACH TO INCOME PROTECTION WITH 5-STAR COVER FROM VITALITYLIFE VITALITY.CO.UK/LIFE A FRESH APPROACH TO INCOME PROTECTION WITH 5-STAR COVER FROM VITALITYLIFE VITALITY.CO.UK/LIFE WHAT SHOULD INCOME PROTECTION COVER OFFER YOU? If you are unable to work because of illness, injury or disability,

More information

RCU has you covered when it comes to insurance

RCU has you covered when it comes to insurance RCU has you covered when it comes to insurance Coming into the warmer months means that unpredictable weather is just around the corner. This also means that it s the perfect time of year to make sure

More information

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Buy to Let investors guide

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Buy to Let investors guide YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE Buy to Let investors guide On your side in Buy to Let Buying property to let as a long-term investment or to generate

More information

HOME BUYERS GUIDE P1 GUIDE

HOME BUYERS GUIDE P1 GUIDE HOME BUYERS GUIDE STEP 1 STEP 2 STEP 3 STEP 4 STEP 5 STEP 6 STEP 7 STEP 8 STEP 9 P 1300 939 675 or 07 4723 6612 F 07 4723 7699 A 23 Thuringowa Drive, Kirwan Q 4817 E info@greenlightonline.com.au w HOME

More information

Government mortgage rescue scheme What will it mean for me and my family?

Government mortgage rescue scheme What will it mean for me and my family? Government mortgage rescue scheme What will it mean for me and my family? What is mortgage rescue? Mortgage rescue is help that the Government is offering if: you are struggling to keep up with your mortgage

More information

Life insurance. Shedding light on. a practical guide to helping you achieve a lifetime of financial security

Life insurance. Shedding light on. a practical guide to helping you achieve a lifetime of financial security Shedding light on Life insurance a practical guide to helping you achieve a lifetime of financial security Learn more about: Safeguarding your loved ones Protecting your future Ensuring your dreams live

More information

K.4 Using Credit Wisely After Bankruptcy

K.4 Using Credit Wisely After Bankruptcy Appx. K.4 K.4 Using Credit Wisely After Bankruptcy Beware of Credit Offers Aimed at Recent Bankruptcy Filers Disguised Reaffirmation Agreement Carefully read any credit card or other credit offer from

More information

This guide is aimed to help you consider the right choices before adding new or further buy to let property to your investment portfolio.

This guide is aimed to help you consider the right choices before adding new or further buy to let property to your investment portfolio. Buy to Let Guide It has now become common for a buy to let property to form part of an individual s investment portfolio. Property has always been easy to understand in that it is tangible and therefore

More information

Make your budget work for you

Make your budget work for you Welfare Reform Make your budget work for you www.milton-keynes.gov.uk/welfare-reform Make your budget work for you Why budget It s always a good idea to keep track of your money. Budgeting is keeping track

More information

Mortgage. Protection. Ready to PROCEED? »There continues to be some excellent rates on. Welcome... Marquis Financial Services Limited

Mortgage. Protection. Ready to PROCEED? »There continues to be some excellent rates on. Welcome... Marquis Financial Services Limited Autumn 2013 Mortgage & Protection news The bulletin from Marquis Financial Services Limited New Help to Buy scheme - get in touch to find out more Ready to PROCEED?»There continues to be some excellent

More information

Making the most of your retirement

Making the most of your retirement Making the most of your retirement A guide to equity release and our advice service Provided by Contents Welcome from the Age UK Group 3 Do more with your retirement 4 What is equity release? 5 Is equity

More information

G e t S t a r t e d o n Y o u r f i n a n c e s

G e t S t a r t e d o n Y o u r f i n a n c e s M o r t g a g e N e w s l e t t e r W e l c o m e To this newsletter, which covers some of the key issues of the moment that affect mortgages and mortgage related products, and sets out how it may help

More information

USING CREDIT WISELY AFTER BANKRUPTCY

USING CREDIT WISELY AFTER BANKRUPTCY USING CREDIT WISELY AFTER BANKRUPTCY Copyright April 2011, Legal Aid Society of Hawai`i All rights reserved. These materials may be reproduced. However, under no circumstances are persons receiving these

More information

BUSINESS PROTECTION FROM VITALITYLIFE VITALITY.CO.UK/LIFE

BUSINESS PROTECTION FROM VITALITYLIFE VITALITY.CO.UK/LIFE BUSINESS PROTECTION FROM VITALITYLIFE VITALITY.CO.UK/LIFE SAFEGUARD THE FUTURE OF YOUR BUSINESS OUR BUSINESS PROTECTION PLAN CAN PROTECT YOUR BUSINESS IN THREE WAYS At VitalityLife we believe that business

More information

A Guide to Income Protection (Permanent Health Insurance)

A Guide to Income Protection (Permanent Health Insurance) A Guide to Income Protection (Permanent Health Insurance) This guide about Income Protection (Permanent Health Insurance) Insurance is designed to help you decide if this is a suitable product for you.

More information

For customers. Friends Life Protect+ Income Protection Cover. Income Protection Cover. It s income protection. And more.

For customers. Friends Life Protect+ Income Protection Cover. Income Protection Cover. It s income protection. And more. For customers Friends Life Protect+ Income Protection Cover Income Protection Cover It s income protection. And more. It s income protection. And... 2 it addresses a vital need it provides a regular income

More information

Residential mortgages general information

Residential mortgages general information Residential mortgages general information Residential mortgages general information 2 Contents Who we are and what we do 2 Forms of security 2 Representative Example 2 Indication of possible further costs

More information

Dealing with debt - toolkit Information from Southampton City Council. Step 5. Tackle the most important debts first

Dealing with debt - toolkit Information from Southampton City Council. Step 5. Tackle the most important debts first Dealing with debt - toolkit Information from Southampton City Council Step 5. Tackle the most important debts first Step 5. Tackle the most important debts first priority creditors. Some debts are more

More information

KEEPING YOUR BUSINESS ON COURSE. Helping you protect your business. Protection Business Menu

KEEPING YOUR BUSINESS ON COURSE. Helping you protect your business. Protection Business Menu KEEPING YOUR BUSINESS ON COURSE Helping you protect your business Protection Business Menu WHAT S INSIDE As a business owner you know what you need to make your business a success. Suitable premises, machinery

More information

HOME PROTECTION PLAN MORTGAGE INSURANCE. Mortgage Insurance. that is Custom Built to Meet Your Needs

HOME PROTECTION PLAN MORTGAGE INSURANCE. Mortgage Insurance. that is Custom Built to Meet Your Needs HOME PROTECTION PLAN MORTGAGE INSURANCE Mortgage Insurance that is Custom Built to Meet Your Needs Mortgage Insurance that is Custom Built to Meet Your Needs Your mortgage insurance should offer you sufficient

More information

WANT TO MAKE YOUR HOME YOUR OWN?

WANT TO MAKE YOUR HOME YOUR OWN? WANT TO MAKE YOUR HOME YOUR OWN? 1 Your Right to to Buy Buy FOR COUNCIL AND HOUSING ASSOCIATION TENANTS CONTENTS 3 Why you might like to buy 4 Do you have the Right to Buy? 6 What discount could you get?

More information

WANT TO MAKE YOUR HOME YOUR OWN?

WANT TO MAKE YOUR HOME YOUR OWN? WANT TO MAKE YOUR HOME YOUR OWN? July 2015 1 Your Right to to Buy Buy FOR COUNCIL AND HOUSING ASSOCIATION TENANTS CONTENTS 3 Why you might like to buy 4 Do you have the Right to Buy? 6 What discount could

More information

A finance guide for working life

A finance guide for working life A finance guide for working life Contents Introduction Planning your short, medium and long-term needs 3 4 Your needs - our solutions The freedom to enjoy your money Savings to help pay for the important

More information

Business finances. Contents. Maintaining your cash flow

Business finances. Contents. Maintaining your cash flow This information is an extract from the booklet Self-employment and cancer. You may find the full booklet helpful. We can send you a free copy see page 6. Contents Maintaining your cash flow Reducing your

More information

Individual Income Protection. When you protect your income, you protect what matters most.

Individual Income Protection. When you protect your income, you protect what matters most. Individual Income Protection When you protect your income, you protect what matters most. What s your most valuable asset? You may think that your home, car, or investment account is the most valuable

More information

GUIDE TO OUR MORTGAGE & PROTECTION SERVICES Providing an affordable, sustainable and understandable solution that meets your needs and circumstances.

GUIDE TO OUR MORTGAGE & PROTECTION SERVICES Providing an affordable, sustainable and understandable solution that meets your needs and circumstances. 1 GUIDE TO OUR MORTGAGE & PROTECTION SERVICES Providing an affordable, sustainable and understandable solution that meets your needs and circumstances. 2 GUIDE TO OUR MORTGAGE AND PROTECTION SERVICES Contents

More information

Buy to Let Residential Properties

Buy to Let Residential Properties Buy to Let Residential Properties AWARDS 2015 Best Regional Building Society AWARD WINNERS for providing consistently competitive mortgages Be more than a number Buy to Let from the Cumberland we are here

More information

Strategy Paper: Financial Planning for Generation-Y. SMSF Specialists Investment Management Financial Planning Accounting

Strategy Paper: Financial Planning for Generation-Y. SMSF Specialists Investment Management Financial Planning Accounting Strategy Paper: 190 Through Road Camberwell VIC 3124 T: (03) 9809 1221 F: (03) 9809 2055 enquiry@gfmwealth.com.au www.gfmwealth.com.au ABN 69 006 679 394 Financial Planning for Generation-Y SMSF Specialists

More information

insurance Insurance Protecting what s important to you Inside... What insurance do you need? Types of insurance Buying insurance

insurance Insurance Protecting what s important to you Inside... What insurance do you need? Types of insurance Buying insurance insurance Insurance Protecting what s important to you Inside... What insurance do you need? Types of insurance Buying insurance What insurance do you need? Insurance is a way to protect you (and your

More information

Frequently asked questions about Student Finance from September 2012

Frequently asked questions about Student Finance from September 2012 Frequently asked questions about Student Finance from September 2012 Who is this document for? Unless otherwise specified, details of the student finance package described in this document relate only

More information

Budgeting: Managing Your Money with a Spending Plan

Budgeting: Managing Your Money with a Spending Plan Budgeting: Managing Your Money with a Spending Plan Budgeting: Managing Your Money with a Spending Plan Are you making the best use of your money? Do you have a handle on how much comes in each month and

More information

KEY GUIDE Financial protection for you and your family

KEY GUIDE Financial protection for you and your family Kelvin Financial Planning Ltd KEY GUIDE Financial protection for you and your family Introduction Most of us believe that taking out life and other forms of protection insurance is a good thing to do.

More information

INCOME PROTECTION THE BASICS WHAT IF?

INCOME PROTECTION THE BASICS WHAT IF? INCOME PROTECTION THE BASICS WHAT IF? If you couldn t work due to illness or injury, could you cope financially? We all hope we ll never find out, but the reality is nearly a third of us will have close

More information

Home and Investment Loans

Home and Investment Loans Head Office 117 Camberwell Road Hawthorn East VIC 3123 PO Box 338 Camberwell VIC 3124 Branch Office 687 Mt Alexander Road Moonee Ponds VIC 3039 PO Box 210 Moonee Ponds VIC 3039 victeach.com.au 1300 654

More information

WHAT IF? INCOME PROTECTION ADVISER GUIDE

WHAT IF? INCOME PROTECTION ADVISER GUIDE INCOME PROTECTION ADVISER GUIDE WHAT IF? 92% of advisers think that income protection is undersold. Your clients may not realise how vulnerable they are, so it s a worthwhile opportunity to talk to them

More information

Life Insurance Father s Day / Male Copy

Life Insurance Father s Day / Male Copy Life Insurance Father s Day / Male Copy Life Insurance Did you know the earlier you take out life insurance the cheaper it is? Protect your family s future today. Get a quote. Male life cover As a man,

More information

OVER 50s LIFE INSURANCE. OVER 50s LIFE INSURANCE MORE THAN A MEMORY.

OVER 50s LIFE INSURANCE. OVER 50s LIFE INSURANCE MORE THAN A MEMORY. 1 MORE THAN A MEMORY. Put what you can in place for those you care about. Whether it s to help contribute towards the costs of your funeral, or simply as a gift that could help make a difference to your

More information

HOME BUYING PLANNER MOVING MADE SIMPLE.

HOME BUYING PLANNER MOVING MADE SIMPLE. HOME BUYING PLANNER MOVING MADE SIMPLE. Since the 1980s, we ve been helping people to move home so we understand that the process can be expensive and stressful. With sensible expert financial advice and

More information