The certainty of death exists – even when you’re young!

Life insurance, First Financial Solutions, Neath, South WalesWe’re invincible when we’re young … or at least we feel as though we are. End-of-life isn’t something that the younger population tend to think about; they leave that to the oldies!

Our demise isn’t a warm fuzzy topic to talk about and when we’re young, we think we have decades before we’ll have to worry about death and what we leave behind.  But whilst we know it’s going to happen, we don’t know when it is going to happen, and the reality is it could be tomorrow, in five years or fifty years. And so no matter how young we are, life insurance should always be considered.
Life insurance will provide protection for family and dependents in every instance, but there are additional benefits with policies that are taken out earlier in life. (more…)

The conflict between rising house prices and affordable mortgage rates

Conflict between house prices and mortgage rates, First Financial Solutions, Neath, South WalesYou could be forgiven for believing that as house prices rise, mortgage rates would rise in correlation. But as house prices reach a record high in the UK, mortgages rates remain the most affordable in a decade.  This lack of symmetry has many contributing factors, including the housing market itself, low unemployment rates and mortgage approval rates.

As of March 2018, average house prices rose by 2.7% over the previous 3 months to reach a record high of £227,871. This increase in house prices is a consequence of the UK’s limited housing market – housing developments are not meeting housing demands and so the lack of competition in the housing market leaves homeowners with very few alternatives. (more…)

How can Business Loan Protection save the future of your business?

Business Loan Protection South WalesBusiness debt has been dominating UK business news for weeks. With retailer New Look announcing the closure of 60 stores throughout the UK, and electrical franchise Maplin’s closure of over 200, these serve a reminder to businesses to do all they can to protect their interests. One way to do this is Business Loan Protection which is a little like first-aid for businesses. But what is it?

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Overpaying your mortgage – what move should you make?

Shoe home - First Financial SolutionsThe concept of paying more to than you need on your mortgage to reduce your balance more quickly sounds like a no-brainer. Get it right and with overpaying you could be quids in. Get it wrong and you could be facing some nasty penalties.

This guide can help you decide if overpaying on your mortgage is the right move for you:

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Should Life Insurance be your New Year’s resolution?

Yes, it should.

Every New Year we all jot down a list of resolutions that we intend on sticking to for the upcoming year ahead. These are usually resolutions that might help us to be more active, lose weight or help our finances, but shouldn’t we do something a bit more practical and something that could really benefit the future should the worst happen? Say, taking out Life insurance?

That’s why First Financial Solutions recommend life insurance be your 2018 resolution!

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