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Mortgage StrategySecured Loans Watch: Steady progress for second chargeMortgage StrategyWe also encounter clients on an interest-only mortgage who, if they were to remortgage, would need to shift to capital repayment. A second charge loan can enable borrowers in this situation to borrow money on their home and keep their existing mortgage ...
Up or down? Interest rates and the future of your financesThe TimesThe chances of an imminent interest rate rise at the Bank of England appeared to fall this week. After months of speculation that August would mark the second rate hike in a decade, news that wage growth and ... The interest rates for credit card ...
The SunRent-to-own firms charge customers HUNDREDS of pounds for 'useless' warrantiesThe SunItems often come with a 12-month guarantee from the manufacturer; Items may be covered by home insurance; Shoppers are also protected if they paid by credit card for their goods but they are faulty or not as described, as long as they paid between £100 ...
BBC NewsHolidaymakers hit as pound fallsBBC News"If you're going abroad in the next month, you've still got time to order a specialist overseas credit card. If you're going in the next week, cash is probably best," she told the BBC. Some firms also allow you to lock in to an exchange rate, months ...and more »
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Getting financial advice

It’s time to review your finances and make sure your money is working as hard for you as it possibly can. Somewhere out there are the right financial products for you but unless you have the mind of a forensic detective and understand the complexities of everything from insurance and pensions to hedge funds and derivatives get sound financial advice.

If you don’t already have someone in mind as an adviser one of the best ways to find someone good is to ask family, friends or colleagues for recommendations. You want someone who’s independent so that he or she can give you impartial advice about the whole range of products on offer. If you choose an adviser who isn’t independent they can only advise you on the products they work with. Some advisers specialise; if you want advice on pensions you might want and adviser who is a pensions specialist. Ask about the qualifications of anyone you are thinking of seeing.

The other question you have to ask is about how you pay for the service. You may choose an adviser to whom you pay fees upfront. Fees vary hugely so find out before you book your appointment. Try haggling to get the fees reduced if possible and ask for the first session to be free so that you get the chance to decide whether or not you have a rapport. The other option is an adviser who gets his or her fees through commission which you ultimately pay for because it’s added to the cost of the product you buy. Or you may pay for advice through a combination of the two.

Whoever you choose it’s helpful if you can build a lasting and trusting relationship which will make you both money for years to come. Remember that a financial plan made now needs to be reviewed frequently. What’s right for you in the current climate may not be right once the economy picks up again or if your circumstances change. The degree of risk you’re prepared to take with your savings and investments may be different when you’re single from when you’ve got a partner and children. Getting the right adviser is just the start of the process. 

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