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FT AdviserOver one million UK homeowners on wrong mortgage dealSunderland EchoL&C Mortgages added that by switching to a better deal, UK homeowners could save £216 each month or over £2,500 annually. Although 58% of homeowners have never re-mortgaged to save money. “Not only have we found over a third of homeowners are ...4 million families wasting £266 EVERY month thanks to a single mistakeMirror.co.ukMillions miss out on mortgage savings by staying on SVRsFT AdviserUK home owners are 'losing' millions by not checking their mortgage dealProperty WireWhat Mortgage -Financial Reporterall 10 news articles »
Wakefield ExpressOver one million UK homeowners on wrong mortgage dealWakefield Express... to cut their monthly payments,' he explained.” L&C Mortgages added that by switching to a better deal, UK homeowners could save £216 each month or over £2,500 annually. Although 58 per cent of homeowners have never re-mortgaged to save money.and more »
Spectator.co.uk (blog)Last-minute tips to cut your tax billSpectator.co.uk (blog)'There can be other benefits of making pension contributions including pushing your overall net income below a level which protects your personal income tax allowance, which reduces for incomes over £100,000, or entitlement to child benefit, which ...
The SunNationwide launches mortgage aimed at parents helping their children to buy a homeThe SunBritain's biggest building society said the mortgage is aimed at home-owners looking to support other relatives. ... Parents who sign up to the deal are allowed to borrow extra money from their own mortgage to give to a child or grandchild to buy a house.Home loan to help you AND your children: Mortgage will allow parents to raise money while cutting their own billsDaily Mailall 2 news articles »
The SunAverage house prices revealed, as quarter of young Brits rely on inheritance to get on the property ladderThe SunComments. A QUARTER of young adults in Britain admit that they are relying on an inheritance to get on the property ladder, as house prices in the UK continue to soar. While 25 per cent of British ... The government lends you up to 20 per cent of the ...25% of young non-homeowners relying on inheritance to buy first propertyBelfast Telegraphall 4 news articles »
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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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