Are you worried about your finances? If so, you’re certainly not alone. According to a recent survey, 90% of households are worried about rising prices1. Financial worries can cause a great deal of stress and anxiety. In fact, nearly one in five people say they have lost sleep over soaring prices in recent months2.
Money often feels like a bit of a taboo topic. Research3 found that a third of people keep financial secrets from their partner. With the rising cost-of-living impacting so many people, taking the time to discuss important financial matters with your family can help, a problem shared is often a problem halved.
Talk it out
Although it can be a difficult subject to raise, talking openly about finances with your partner is a conversation worth having. As a couple, it’s best to avoid a situation where only one of you understands your finances. A mutual understanding means you’ll both know what you can and can’t afford, and if something were to happen to one of you, the other would have an idea of their financial affairs.
With your mortgage likely to be your largest monthly outgoing, is it still suitable for you? Get in touch with any questions you might have. After all, it really is good to talk.
Your home may be repossessed if you do not keep up repayments on your mortgage
1BritainThinks, 2022, 2Shawbrook Bank, 2022, 3Royal London, 2022
Catch up on our other blog posts:
Are you protected from canine chaos?
If you have a dog, you’ll know that they can be cute, loving… and a whole heap of trouble! Aviva1 recently backed this up when it revealed some of the company’s more noteworthy pet-related claims. From the pooch who turned on a tap and flooded his owners’...
Save by living just outside hotspots
By choosing to live just outside highly sought-after locations, analysis has shown that homebuyers could benefit from savings of up to 55%1, without forsaking their preferred location. Average savings come in at around 34% when locating five or ten minutes from a...
Wellbeing benefits of income protection
Income protection insurance can be a cost-effective way of protecting yourself financially if you are unable to work due to illness or injury. What many people don’t realise is that taking out an income protection policy can have benefits beyond the financial....
Plan to avoid home buying stress
Job interview, driving test, family life… the list of life’s stresses is, unfortunately, long and varied. New research has revealed, however, that buying a home comes out on top. Can’t Buy Me Stress 37% of recent UK homebuyers said that buying a house was one...
Seeing protection in a new light
Nobody wants to think something bad happening to them. Perhaps it’s why so many people shy away from protection insurance – after all, it’s all too easy to think ‘it’ll never happen to me’. Unfortunately, ‘it’ can and does happen, whether ‘it’ be injury,...
Back to normal? Property update
Amid the backdrop of war in Ukraine and the spiralling cost of living, unpredictability is at the forefront of many people’s lives right now. The outlook for the housing and mortgage markets is no less uncertain. Taking a step back, however, it is possible to...
Sandbanks dream home
This month we were pleased to help clients buy their dream home in beautiful Sandbanks. With one eye on retirement they wanted to live in style, and we were able to use their company profits in order to maximise their mortgage borrowing potential. This enabled them to...
Equity Release for home improvements in Redditch
We were so pleased to receive a mortgage offer for an equity release client this month. She came to us asking for help in obtaining funds because her boiler had packed in, leaving her with no hot water or heating in the middle of winter. Not ideal for anyone, let...
Rental market boom likely
Historically, a decline in property sales has also led to a boost in private rental market stock. This is based on research1 looking at both sales and rental markets during the 2008-09 financial crisis and recent pandemic downturn. In 2008 property sales volumes...
(Your home may be repossessed if you do not keep up repayments on your mortgage)
We charge a fee for arranging and advising you on the mortgage. The fee will be dependent on your circumstances but will not exceed £499. (Our typical fee is £299.)
For Lifetime Mortgages/Equity Release the fee will be £799.
Our mission is to provide honest mortgage advice, whilst helping you save money.
Get in contact
Or call —02380224925