The importance of ensuring that you are properly insured

The importance of ensuring that you are properly insured

Insurance might not be the first topic which comes to mind when you are trying to make light-hearted conversation, but it may well be the first topic which comes to mind when you are dealing with a challenging situation.  It can be difficult to make generic comments about insurance because we’re all individuals and as such have our own individual needs, but it’s actually fairly easy to dispel some objections to taking out insurance.

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The importance of balancing your investment portfolio

The importance of balancing your investment portfolio

Diversification and balance are related concepts, but they are different.  Diversification is simply a technical term for not putting all your eggs in one basket.  Balance means that your investments are diversified in such a way as to ensuring that, overall, your portfolio has a decent chance of turning in a decent performance regardless of the prevailing economic conditions at any given time. The key word here is “overall”, you accept the fact that different conditions favour different kinds of investments and do what you can to make this fact work to your advantage.

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The first Help to Buy deals are now coming to an end

The first Help to Buy deals are now coming to an end

The Help to Buy scheme was rolled out in April 2013 and recently made headlines (albeit not necessarily front-page ones) by being rolled out to March 2023.  While it may be a matter of debate whether the Help to Buy scheme is a useful scheme to help those struggling with house purchases or just a backdoor hand-out to home builders which simply works to keep house prices artificially high, it is a matter of fact that the interest-free loan only lasts for five years, after which the government charges interest of 1.75% on the original loan amount, increasing each year by RPI plus 1%. This means that from now until (currently) 2028, a percentage of home owners who have bought their homes using the Help to Buy equity loan scheme will be seeing their payments increase.

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The challenges of stepping up

The challenges of stepping up

Getting on the housing ladder is all very well, but if you start off your time as a home owner by purchasing a small property then you may well find yourself in a similar situation to first-time buyers if you later decide you wish to move to a larger home, for example in order to start a family.  

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