We wish we could predict the future, but we can’t. No one knows what’s looming around the corner. One day, you may be in work and the next your company may fall into administration. Unexpected situations like this may leave you struggling to keep up with your mortgage repayments and make ends meet. But one way to stay on the straight and narrow is by taking out Income Protection insurance. (more…)
We’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…)
You 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…)
Business 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?
The 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:
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 resolution!
With Christmas quickly approaching we would like to take this opportunity to wish all our clients a Merry Christmas and a Happy New Year.
On November 2nd, the Bank of England raised interest rates from 0.25% to 0.5%, the first rise for over a decade. According to UK Finance, 2.6 million first-time buyers will be experiencing their first ever rate rise following last week’s events. We understand, the idea of a rise may seem daunting, we get it, but the rise shouldn’t put you off purchasing a property. There are still some great deals to be had, and whilst we’ve just had a rate increase, there really is only one way that rates are going to go .. and that is up!
Did you know that according to the Office of National Statistics, 95.6% of small businesses, last year, within the UK were registered with fewer than 10 people in the office? What would you do if a key person(s), either the founder, owner or key employee within your business was unfortunately diagnosed with a critical illness or was involved in an accident?
It seems that Britain could be progressing into a season of re-mortgaging as high competition among lenders are lowering mortgage rates. So, is this the time to re-mortgage your property? (more…)