Project Description

This case study is for illustrative purposes only and does not constitute advice.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The FCA do not regulate some buy to let mortgages.
The value of pensions and investments can fall as well as rise, you may get back less than you invested.
Equity Release & Lifetime Mortgages Plan will reduce the value of your estate and can affect your eligibility for means tested benefits.

Why did they come to me?

Mr and Mrs Northam needed guidance on… the whole nine yards!

During our meeting, I discovered that they now only have £12,000 remaining on their mortgage, their children might be headed to university soon, Mrs Northam has multiple pension accounts but is not sure what they are worth, Mr Northam has no pension in place and they have around £50,000 In joint savings.

What did they want to know?

This couple were really at a point where major decisions need to be made and life was taking a turn; their mortgage was ending, their pensions and retirement plans had been given no thought, and their questions just kept rolling…

  • Should they consider a buy-to-let with the equity in their house?
  • What about their pensions, would they be able to live on the amount they have when the time comes?
  • What state pension might they receive?
  • What would be the best plan for their savings?
  • What should they do with the extra money they will have each week when their mortgage has been paid?

This is my favourite type of appointment. It’s all about taking time out, stepping off the merry-go-round of life and resetting the Sat-Nav.

How did I help?

It’s not just about me giving the client advice, it’s about giving them enough information to make informed decisions for themselves and understand the place in financial planning for pensions, investments, ISAs and Buy to Let portfolios, as well as understanding how a diversified portfolio can help them to achieve everything they want to in later life.