When to speak to someone

When to speak to someone

General Interest, Mortgages
This week has been rather interesting for me as we have gone from been happy in our house to deciding to move. I could stop there but we actually took the spontaneous plunge of getting valuations and subsequently put our house on the market. What's the big deal I hear you cry? And in truth, there isn't one but it did make me realise the value of good financial advice. How come? Well, no sooner had I told Maria (my wife) that I think we should move, she picked up her phone and opened the Rightmove app and asked: "what can we afford?". At this point I did wonder if the idea of moving was mine, why else did she have the app installed... It was the question that struck a chord, let…
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It’s all about choice

It’s all about choice

Finance Planning News, General Interest, Mortgages
This month we are delighted to have introduced two new lenders to our panel. However, this wasn't as easy I just made it sound, I can think of two people who have had to complete a mountain of paperwork in order for this to happen and I'm sure they are as pleased as anyone that the process is over! Each month we review our panel of lenders to make sure meets the diverse needs of our customers, that's why we have all the big names you would expect and some that you may have never heard of. We are very fortunate in that our industry reputation opens doors that are otherwise shut, lenders are very fussy about who they do business with. Each month we review our panel to make…
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Rate drop continues…

Rate drop continues…

Market Watch, Mortgages, News
Average rates across all fixed mortgage terms have fallen since the start of the year. According to research from data provider, Moneyfacts.co.uk the average two-year fixed rate has reduced the most, falling by 0.24% since January this year to 2.52%. Five-year fixed rates have dropped from 3.29% in January, to the current 3.10% and the 10-year rate has fallen to 3.43% from January’s 3.63%. Charlotte Nelson, finance expert at Moneyfacts.co.uk said: “With competition still fierce in the market, it is little surprise that mortgage rates have fallen in the first half of 2016, reaching record lows yet again and currently showing no signs of stopping. “Borrowers looking for a new mortgage deal today will be substantially better off than they were six months ago.  In fact, anyone considering a five-year…
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It’s business as usual for our home buyers

It’s business as usual for our home buyers

General Interest, Market Watch, News
A positive message from our CEO, it’s business as usual and our doors are open to help you with your new mortgage. "In light of the Thursday’s Referendum result, there will be a lot of uncertainty about in the financial markets. This is not the first time we have faced change and it will not be the last. Whatever our political views, we will be leaving the EU, so we need to put the result behind us and move forward. In times of turmoil your clients will look to you for positive support, guidance and advice on all things financial. We at Finance Planning are very good at advising clients, whether it is about mortgages, investments, or protection.  Now is the time to remind your clients about what you do so well and to…
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‘Bank of mum and dad’ lends £5bn a year in UK

‘Bank of mum and dad’ lends £5bn a year in UK

Mortgages, News
Lending from parents to help their children get on the UK property ladder will amount to £5bn in 2016, according to data from Legal & General (L&G). L&G says it means the so-called Bank of Mum and Dad will help to finance 25% of all UK mortgage transactions this year - at an average amount of £17,500. If this lending prowess was combined into a formal business, it would be a top 10 UK mortgage lender, adds L&G. But it warns this method of lending is coming under increasing pressure. "The Bank of Mum and Dad plays a vital role in helping young people to take their early steps on to the housing ladder," said Legal and General chief executive Nigel Wilson. But he said it highlighted a number of…
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Landlords boosted by flurry of buy-to-let activity

Landlords boosted by flurry of buy-to-let activity

Mortgages
The flurry of buy-to-let activity before the stamp duty deadline helped to push annual returns for landlords up 12.2% in March, according to new data. Your Move and Reeds Rains said this is up from February’s figure of 10.7% and is the fastest annual rate of return for seen since November 2014. This means that the average landlord in England and Wales has seen a return of £22,135 over the last twelve months.  Adrian Gill, director of lettings agents Your Move and Reeds Rains, said: “In the short term, there has also been a scramble to buy property before the deadline. As a result, a flurry of interest from property investors has boosted values, and delivered a bonus for existing landlords through faster capital growth.  “In search of political points,…
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Home owners confident of house price rises in the next six months

Home owners confident of house price rises in the next six months

News
Despite the current uncertainty in the UK housing market over a possible Brexit, home owners are confident their property values will rise over the next six months, new data has revealed. According to the latest Zoopla Housing Market Sentiment Survey, nine in 10 British home owners believe the value of their property will increase over the next six months, with an expected growth rate of 9.5%. While analysts predict the housing market is about to cool as a result of uncertainty surrounding the forthcoming EU referendum, home owners expect their own properties to increase in value by 8.8% over the next six months – up 2% from the last survey taken in October 2015. Homeowners in the East of England and South East England are most confident, with 96% in both…
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‘We feel like teenagers about to leave home’

‘We feel like teenagers about to leave home’

Finance Planning News, Market Watch
The Finance Planning Group network launched with little fanfare yesterday, but there's nothing low-key about its plans. “We feel like teenagers about to leave home. That’s how exciting it is,” says Terry McCutcheon, CEO of The Finance Planning Group (FPG). The group with 60 advisers set out on its own after months of planning and preparation to leave Legal & General, following 16 years as an Appointed Representative (AR). It’s been a life-long relationship as McCutcheon (pictured) joined L&G in April 1988 as a financial adviser, moved into management in 1990 and ended up as an area sales manager for the insurer before leaving to start his own financial advice firm. McCutcheon says: “I really liked 90-95% of L&G’s network proposition, but for us to have more control over policy…
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Sussex firm partners with Legal & General and Shelter to battle bad housing and help the homeless

Sussex firm partners with Legal & General and Shelter to battle bad housing and help the homeless

Finance Planning News, General Interest
Sussex based Finance Planning Group has joined forces with Legal & General Mortgage Club to bring its brokers an original way of donating money to housing and homelessness charity Shelter. The scheme, known as “Brokering Change”, allows brokers to support the charity by donating a suggested £1 of the procuration fee they receive for each completed mortgage case. This exclusive scheme is the first and only of its kind in the UK, and has proved hugely popular already with Finance Planning Group, which currently has most of its employees enrolled on the initiative. All registered brokers receive a membership certificate, a Brokering Change logo to be used on their web and printed materials, and regular updates on how their money is helping homeless and badly housed people in the UK.…
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The real importance of Protection

General Interest
Since 2009, the Finance Planning Group has had a total of £8,876,221 paid to our clients and their families in 151 claims through our Life and Critical Illness Protection recommendations. We are very proud of this impressive number of successful claims, particularly as these average out to £58,783 per pay out. These claims statistics mean that over the period 2009 to the end 2014 on average we have had 2 successful pay outs each and every month. Indeed in 2014, we have had over 2 upheld claims per month. That’s an amazing number of individuals and/or families helped in some way by FPG’s advisers when they really needed assistance.
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