Critical Illness Cover (CIC) or Income Protection (IP)? With so many different insurance products on the market, it can be tricky to work out which product is best suited to you, so let’s break it down. What is income protection insurance? If
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What is a healthy mortgage? A healthy mortgage is one which you can comfortably afford and that works for you, a bit like taking out the best mobile phone deal based on tariff costs. If you feel stuck in a mortgage, and
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Do not confuse mortgage protection with another type of insurance that is mandatory to a mortgage lender loaning you money for your home, which is building and contents. We are only interested in protecting you against losing your home in the event
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Here you go… Life Insurance: A term that in reality should be deemed as “death” insurance. This type of insurance pays out in the event of the death of the policyholder within a term specified under the contract. The payment is normally
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According to Finder the average age for a first-time buyer is 34 in the UK, and the average deposit in January 2021 was measure at £57,000 according to Halifax! A new Government scheme was unveiled last year to help those with only
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We all know that buying a home is a huge financial commitment so it’s imperative as a first-time buyer to avoid some of the mistakes people so commonly make, and here’s how: 1. Avoiding getting a decision in principle. This is a
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Grandparents and parents are you wishing to help your loved ones buy their first home? We firstly advice that you read our first two mini articles before processing the following Options of how to gift a deposit: Equity Release: for homeowners
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Things to know about the tax implications of gifting cash to a relative If you die within 7 years of gifting cash to a relative the recipient may end up paying inheritance tax on the money you gift them! You can gift
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Most mortgage lenders are happy to accept gifted deposits from a family member. However, there are a few lenders that will block who the money can be gifted by. The best thing you can do is seek our advice to have a
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BTL’s as they are known in the industry, not to be confused with a BLT have surged in popularity in the last year. “234,000 buy to let mortgage loans were taken out in the last 12 months” Source: Finder UK June 2021
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