A brief guide to retirement interest-only mortgages

A brief guide to retirement interest-only mortgages

For anyone nearing retirement with time remaining before your mortgage comes to an end, it can be concerning when a significant portion of your income is designated to making the re-payments. The custom has been for retirees to endeavour to be debt-free when reaching the retirement milestone. Nevertheless, this may not always be possible due to other factors. The increase in property prices and homeowners commonly taking the first step onto the property ladder in later life, are frequently found to be reasons why those coming up to retirement are faced with paying off a mortgage. Furthermore, there are a multitude of other factors that could also have an impact and are out of your control…

Sussex IFAs outline the Covid-19 Financial measures: March 2020

Sussex IFAs outline the Covid-19 Financial measures: March 2020

It feels like an eternity, but only 2 weeks ago the new Chancellor, Rishi Sunak, conducted his first Budget which included £7 billion of expenditure targeting the impact of Covid-19 on employees, the self-employed and businesses. On the 17th March a further range of measures was announced, amounting to an additional £20 billion of support expenditure plus £330 billion of loan guarantees. By 20th March another round of support was announced of such size that no price tag was attached…

Three points to consider when accessing your pension at 55 - Pembroke IFAs

Three points to consider when accessing your pension at 55

For the majority, from the age of 55 they have access to their pension. Should you be coming up to your 55th birthday, there may be a temptation to make a withdrawal, either as a one-off lump sum or as a source of regular income. However, this may result in a greater effect on your retirement lifestyle than anticipated if you draw from your pension at the first opportunity. If turning 55 is still some years away, bear in mind that in 2028 the pension age will rise to 57. However, the same considerations will continue to be applicable…

The 2020 Budget Winners and Losers - Analysis by Pembroke Financial

The 2020 Budget Winners and Losers

On Wednesday 11th March, Rishi Sunak delivered the new Conservative government’s first budget. Backed by a large majority, the essence of the Chancellor’s speech was to deliver the promises laid out in the party’s election manifesto or, as Sunak himself emphasised repeatedly, to ‘get things done’. Without doubt, the Coronavirus outbreak will have significantly changed the Chancellor’s plans. As he opened his speech, Sunak said: “We will rise to this challenge – this virus is the key challenge facing our country today.”…

Impact of the Coronavirus outbreak on global investment markets

Impact of the Coronavirus outbreak on global investment markets

Clearly, the Coronavirus outbreak is not a traditional macroeconomic event like say, the 2008 Credit Crunch and the ensuing global economic recession or like the early noughties Dot Com bubble. Pembroke’s thoughts are absolutely with those immediately affected by the spread of the virus but our professional responsibility dictates that our principal consideration is for our clients. We cannot, and will not, aim to predict the future and we most certainly cannot forecast the precise timing of the virus’s spread or the reaction of global stock markets….

Have you thought about your financial well-being recently?

We all try to take care of our emotional and physical well-being, but have you given the same consideration to the importance of your financial well-being? We believe that that this requires just as much attention. A financial well-being scheme has been launched by Government Ministers with the aim of converting Britain into a nation of savers over the next ten years. How do your own finances currently measure up?

top- ten tips for successful mortgage applications

Top ten tips for successful mortgage applications

Buying a house is one of the most stressful events in many people’s lives. From finding your dream home to finally moving in, the path is full of potential pitfalls. Here are ten tips for a successful mortgage application that can make your journey into homeownership a little less stressful. Before we start, though, here’s some background about how to secure a mortgage offer from a lender…

Tax efficient investing Sussex: VCTs continue to attract investors - Pembroke Financial

Tax efficient investing in Sussex: VCTs continue to attract investors

The latest statistics from HMRC show that Venture Capital Trusts (VCTs) are increasingly attractive to investors, offering potential tax benefits but substantial risk. If you’re going to invest, consider acting before the upcoming tax year end… but take advice. The data from HMRC shows the inflows to venture capital trusts (VCTs) have more than doubled since 2009/10….

Savings Advice Sussex: is the LISA an option for first-time buyers?

Savings Advice Sussex: is the LISA an option for first-time buyers?

The Help-to-Buy ISA has departed, though you can still pay in if you already had one. But is the Lifetime ISA -or LISA as it is commonly known – really a good alternative for first-time house-buyers? You need to seek independent financial advice before investing. At the beginning of December last year, the Help-to-Buy ISA was withdrawn for new investments. Its disappearance means that the LISA is now the only type of ISA that can offer incentives for those saving for their first home. Anyone who had actually started a Help-to-Buy ISA before 1 December 2019 can continue to contribute up to £200 a month and has until 1 December 2030 to claim their Help-to-Buy bonus….

Investment Advice in Sussex: 5 things to keep in mind when you review your investments in 2020

Investment Advice in Sussex: 5 things to keep in mind when you review your investments in 2020

2019 is over but how has your investment portfolio performed over the last 12 months? We take a look at some of the things to bear in mind as you review your investments and plan ahead for 2020. Last year was a year marked by doubt and volatility in investment markets and that is why, when it comes to reviewing your portfolio’s performance, it is important to keep certain ‘influences’ in mind….