Turn to experts for spot on financial help
Financial advisors offer advice on all aspects of your money, from mortgage advice to composing your will or finding out what pension is right for you, finding the right financial advisor is key.
Making a will
We spend our lives working to provide for ourselves and our loved ones. You may have a house or flat, shares, savings, investments as well as your personal possessions. All of these assets are your estate. Making a will ensures that when you die your estate is shared according to your wishes.
Everyone should have a will, but it is even more important if you have children, you own property or have savings, investments, insurance policies or you own a business.
A will can help reduce the amount of Inheritance Tax that may be payable on the value of the property and money you leave behind.
If you don’t write a will, everything you own will be shared out in a standard way defined by the law – which isn’t always the way you might want. Mortgage Advice
A good mortgage adviser will only recommend mortgages that are affordable and suitable for you.
They can save you time by telling you which lenders are likely to accept you.
A mortgage broker can speed the application up by dealing with paperwork and speaking to the lender on your behalf.
There are several things you should think about when choosing a mortgage adviser.
If you speak to an adviser based in a bank or building society, they will only tell you about their own product range and won’t discuss deals with other lenders.
A good advisor should do the following:
Thoroughly explore your circumstances
Explain what different deals and types of mortgage there are
Advise you on which ones they feel meet your needs
Be able to give you good, clear reasons why they’re recommending a particular mortgage deal. Pension Advice
Independent financial advisers are authorised to give you advice and recommend suitable pensions products and investment options.
Think about what advice you’re looking for; is it just advice on your retirement savings or do you want help with all of your financial planning?
The right financial advisor will be able to advise you in all aspects of your financial affairs so when choosing the right advisor look at the services they offer and think about how they will interact with you. Look at what products they recommend for you. Do they recommend products from the whole market, or are they products tied to one, or a small number of providers? And always check that the adviser is an authorised to provide financial advice.