Approaching Retirement? It might be worth checking your pension value.

June 20, 2022 - Furnley House

Approaching Retirement? It might be worth checking your pension value. After years of saving into a pension, those people approaching retirement are likely to have been regularly checking the value of their investments. Some people may have recently found that the money held in their pension has fallen and will be worried that they have lost money. A drop in the value of your pension before retirement can be concerning, especially at a time when inflation is high and the… Read more »

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Divorce: How to secure a retirement future of your own

June 10, 2022 - Furnley House

Divorce: How to secure a retirement future of your own The end of a marriage is often difficult. If you are facing divorce, understanding how valuable pensions are in negotiations is extremely important. Retirement can look different as a single person and making sure you have a secure plan in place can be reassuring as you look to the future. Pensions are often one of the most valuable savings pots grown during a marriage. Those who divorce later in life… Read more »

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Buy-to-Let Property: Should I consider an interest only mortgage?

June 01, 2022 - Furnley House

Buy-to-Let Property: Should I consider an interest only mortgage? One question our mortgage advisers are often asked is should I chose an interest-only or a repayment mortgage for my buy-to-let property. Choosing the right mortgage can depend on a number factors: how many buy-to-let properties you own, your cash flow and the liquidity of your other assets, and your attitude towards managing debt and more complicated finances. What is the difference between a repayment and interest-only mortgage? With an interest-only… Read more »

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Six Months Left on your Fixed-Rate Mortgage? It’s Time to Act.

May 26, 2022 - Furnley House

Six Months Left on your Fixed-Rate Mortgage? It’s Time to Act. If you are in a fixed-rate mortgage and your current deal ends within the next six months, you can consider securing a new mortgage arrangement now. Many borrowers make the mistake of thinking they have to wait until their current mortgage deal comes to an end before they secure a new loan. This is not the case, and talking to your mortgage broker up to six months before your… Read more »

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Inflation: Watch the pennies, but not at the expense of the pounds

May 11, 2022 - Furnley House

Inflation: Watch the pennies, but not at the expense of the pounds Inflation is a global concern and in the UK we are being warned to brace ourselves for further price rises. Consumers may be trying to reduce their outgoings by cutting down on the weekly shop or using less fuel, and even though these small savings add up, it is important not to lose sight of the bigger financial picture at these difficult times. This means not getting distracted… Read more »

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Three Peaks Challenge

April 28, 2022 - Furnley House

On Friday 27th May, 13 members of our team will be took on the Three Peaks Challenge, climbing Ben Nevis, Scafell Pike and Snowdon  to raise money for The Zinthiya Trust. Along the way, they walked around 42km, climbed 3000 metres and tried to sleep on a minibus! We’re took on this challenge to fundraise for our Charity of the Year, The Zinthiya Trust who aim to create a society where people can be free from abuse and poverty. They… Read more »

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Mortgage rates are rising: It could be time to act

April 27, 2022 - Furnley House

Mortgage rates are rising: It could be time to act If you have a fixed rate mortgage which is coming to an end, or if you have rolled on to your lender’s standard variable interest rate, it might be worth considering securing a new mortgage arrangement now. In recent weeks banks and building societies have been withdrawing their cheapest mortgage deals and replacing them with products with higher interest rates. Many mortgage deals are being released and quickly withdrawn, making… Read more »

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Understanding Payslips: A guide to your Mortgage Application

April 12, 2022 - Furnley House

Understanding Payslips: A guide to your Mortgage Application Whether you are applying for your first mortgage or buying a bigger home, knowing what you need in terms of payslips and paperwork for your mortgage application can be really helpful. One of the most important things a lender is looking for is proof that you earn enough money to be able to comfortably meet future mortgage repayments. They will also want to get an idea of how you manage your money… Read more »

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Spring Budget 2022

March 24, 2022 - Furnley House

Spring Budget 2022 Yesterday, chancellor Rishi Sunak delivered his Spring Statement, setting out the government’s tax and spending plans and forecasts for the UK economy. The Spring Statement, one of two financial statements the chancellor makes every year, does not normally see big tax and spending decisions announced. Yet this Budget was set against a backdrop of rising fuel, energy and food costs. Figures from the Office for National Statistics have shown prices have risen by 6.2% in the past… Read more »

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Saving to a buy your first home? Don’t miss the LISA 5th April deadline. Save or invest £4k now and receive a £1k bonus.

March 24, 2022 - Furnley House

Saving to a buy your first home? Don’t miss the LISA 5th April deadline. Save or invest £4k now and receive a £1k bonus. If you are saving for a deposit to buy your first home, then consider whether opening a Lifetime ISA before the 5th April 2022 deadline may be appropriate for you. A Lifetime ISA (Individual Savings Account) is considered my many to be one of the best ways to save for a mortgage deposit because unlike any… Read more »

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