Financial Advice Today
With the
Mortgage and Savings Rates
The mortgage market has recently become very restrictive. For borrowers who have good credit ratings, there still are opportunities to re-mortgage or restructure finance and make monthly cost savings. Mortgage brokers can invariably access good sources of mortgage finance.
For savers, the recent falls in interest rates is the equivalent of a pay cut. With the cost of living rising, particularly fuel and food, this income reduction could not be less welcome. Therefore it is worthwhile reviewing better rates of interest. There are currently attractive and secure rates available from fixed rate bonds or gilts.
Pension Fund –Tax Free Cash
For people in need of capital and who are approaching their retirement age, i.e. over 50, you can access the tax free cash held within your pension plans without taking any income. This can be deferred to a later date. Access to pension capital may be helpful at the moment but must be considered carefully.
Another useful benefit of personal pension schemes is their ability to purchase commercial property. Business people who own commercial property could sell their property to their own pension fund, releasing cash back to the business.
Investment Opportunities
The stock market is currently at a remarkably low level, but now is the time that professional fund managers view the market as a buying opportunity for funds that have a long term outlook.
Investors could take advantage of the numerous opportunities that exist in a depressed market to make profits over time. Likewise investors who save on a regular basis with equity savings accounts, ISA’s or pension funds will ultimately benefit from buying "cheap units" at the moment.
We ensure our clients use a very experienced and professional financial advisor who can provide in depth financial planning and investment advice to private and business clients. We focus on helping people clearly identifying their current financial arrangements and then apply a refreshing approach to wealth management.
We are confident that independent financial advice will benefit you in all market conditions.
Please contact us online phone 01792 773 773 or text us on 07781 486 246 and we'll arrange the rest.
