40-year mortgages offer lifeline to FTBs
More than six in 10 would-be FTBs said that affording the mortgage payments was a significant obstacle to buying a home. A 40-year mortgage could cut monthly payments by hundreds, making it easier to get on the ladder. Just remember: longer terms can mean more interest overall.
New data reveal trigger points for getting cover
New data reveal that most people need a trigger event before taking the leap. While 35% of the UK population have life insurance, it often takes a life milestone to act. Life changes or risks can prompt action—but being proactive is key. Don’t wait for a trigger: review your cover today.
An end to the Bank of Mum and Dad? More than one in ten retirees cutting back on gifting
According to Quilter research, gifting can reduce IHT, but errors can erase benefits. A common pitfall is the ‘gift with reservation of benefit’ – where you give something away but keep using. Make sure to keep detailed records and plan carefully.
News in Review
This week’s edition covers Scotland’s draft Budget and subdued UK house prices as year-end data emerges