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Metro Newspaper UKAre you mortgage ready?Metro Newspaper UKYou'll need to save enough money to cover the deposit and other costs, find the right property, have your offer accepted and get a mortgage — and that's before you've even exchanged contracts. A lot of boxes will ... Find out more at ownyourhome.gov.uk.
The IndependentQuarter of young people in constant debt as prices increase and wages stagnate, finds studyThe IndependentIn order to make ends meet each month, one in five (20 per cent) young people are going into their overdraft, while 18 per cent borrow or are given money by their family and 14 per cent put purchases on a credit card, the findings show. In an ...and more »
The SunLondoners face FIVE year delay to buying a house due to sucky savings ratesThe Sun"With a big drop in home ownership among millennials and almost five million households in the UK calling their rented property home, now is the time for action. “Young people work hard to put money aside for a deposit, but by saving into cash Isas ...
This is MoneyDAN HYDE: Clip Ryanair's wings until penny-pinching O'Leary plays fair on compensationThis is MoneyAnother self-righteous email in 2015 stated matter-of-factly: 'Despite sustained campaigns by government, consumer bodies and other organisations, it appears some consumers continue to be reckless with their personal information, perhaps not realising ...and more »
This is MoneyHow young homebuyers are walking into a debt TIMEBOMB: Interest rate rise would send mortgage bills spirallingThis is MoneyFigures buried in an official report show banks are lending more money to borrowers who can barely afford to get on the property ladder than at any time since the financial crisis. These are classed as homebuyers who put down just 5 per cent or 10 ...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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