What is the maximum age for a mortgage? Technically speaking, there is no maximum age for a mortgage. However this is driven by each lender’s criteria. Most lenders have a maximum age for standard mortgages. Generally speaking, high street lenders have a maximum age...
Lifetime Mortgages With people living longer in retirement, Lifetime Mortgages can play an important role in financial planning. As well as supplementing income, they can also be useful in providing early inheritance for families and funding the so-called ‘Bank of Mum...
Company Director Mortgage using Profit vs Dividends For prudent Company Directors, being as tax efficient as possible is usually a priority. It's common for Company Owners to take a small salary and dividend as income and leave excess profit in the business. However,...
Case Study - Company Director Mortgage for a Dentist Arranging a Limited Company Director mortgage for a Dentist can be a challenge. Company Owners who need a mortgage often approach us after being unsuccessful elsewhere. For example, Anil and his wife jointly owned a...
What is Business Protection? According to the latest State of the Nation Report from Legal and General, a major challenge with Business Protection is that many people don’t really understand it. For example, many have heard of ‘Key Person Cover’, but don’t really know...
Most working people would consider themselves professional. However, when it comes to mortgages, the term 'Professional' has a different meaning. So, what is a professional mortgage and how does it work? What is a Professional Mortgage? A "professional mortgage" isn't...
An Introduction to Limited Company Director Mortgages Arranging a Limited Company Director mortgage can be a challenge. When company owners try to balance taking the income they need with being as tax efficient as possible, this can create restrictions when applying...
It’s common for people who can access their pension to not take an income from it. This is usually because it doesn’t make financial sense based on considerations like tax, investment return, retirement plans or simply not needing the money. However, when it comes to...
The latest L&G State of the Nation Report suggests that many Business Owners may not have heard of Executive Income Protection. Given the value it can offer to Small Businesses and Limited Company Owners, here’s a simple introduction to Executive Income Protection...
The latest edition of Legal and General’s State of the Nation Report suggests that a majority of Business Owners have never heard of Relevant Life Insurance Plans. Given the potential benefits of this type of policy, it’s important to understand the basics. What is...
Mortgage affordability can be challenging, especially for first-time buyers or those with unique financial situations. One option that has gained popularity in recent years is that of Joint Borrower Sole Proprietor mortgages. It’s becoming more common for families and...
Each lender establishes its own parameters defining who qualifies as professionals or key workers. Additionally, they may specify the necessary qualifications for each profession. Criteria can differ significantly from one lender to another, so it's essential to...
Being unable to work poses a huge risk for a large number of Business Contractors. Having a contingency plan is therefore crucial to counter this risk and make you more financially resilient should the worst happen. Some Contractors believe that they cannot get...
When seeking a mortgage, Limited Company Directors may explore the option of using profits rather than dividends to assess affordability. This can be advantageous, especially as many directors opt for smaller dividends, preferring to retain profits within the...
If later life lending is the right approach, it’s common for people to assume that Equity Release is their only option. In reality, this isn’t the case. There are 3 main options – Standard Mortgage Retirement Interest Only (RIO) Mortgage Lifetime Mortgage / Equity...
There are many specialist commercial insurance options available for each industry. While these policies are very important, some may not cover the biggest financial threat to your income - being unable to work due to long term sickness or critical illness. It’s...
Premiums for Business Protection are usually paid for by the business. The tax treatment depends on the type of policy so it’s best to seek advice from your Accountant. There are also some policies which are treated as employee benefits. Namely these are – Relevant...
The amount of mortgage made available can differ massively depending on both the individual circumstances and the lender involved. For instance, let's consider a scenario where you're a contractor earning a daily rate of £500. Over the past three years, you've...
