Q&A

I want to move. Should I sell my current house or let it out?

WARREN: The housing market is surprisingly buoyant, fuelled by Rishi Sunak’s stamp duty holiday. I don’t like buy-to-lets as a whole, with low interest rates and rental yields of around 4%, so I suggest you sell, use all your equity to borrow less on your new property and focus on repaying the mortgage and funding your pension.

Should I arrange a mirror will, or should I include a property trust in my will?

WARREN: Leaving everything to your spouse on your death is risky because if they were to remarry, be sued or made bankrupt, there is a good chance your children will not see any of your inheritance. By including a simple property trust in your will, you leave your share of your home into a trust for the ultimate benefit of your children.