Why Making Time For Financial Planning In Sutton Coldfield Is So Important

Financial Planning Sutton ColdfieldIf you are not getting professional advice on financial planning in Sutton Coldfield you could be in danger of:

  • Running up an Inheritance Tax bill for your loved ones when you die
  • Working for much longer than you actually need to
  • Accumulating more wealth than you need to live on in later years
  • Missing out on helping your children or grand-children now, when you can see them enjoy the benefit of your help
  • Letting your life ambitions, hopes and dreams pass you by

We say these things from past experience of providing financial planning in Sutton Coldfield. More often than you might think we see people who have amassed more wealth than they can spend in their lifetime, which means they have missed out on the good things in life by staying in work and saving, when they didn’t have to.

Most people dream of a comfortable and hopefully long retirement with enough money to travel, pursue personal interests or simply spend more time with the family. The problem is no-one has a crystal ball that tells us how the future will pan out.  However, we do have some very clever software that is used by hundreds of financial and capital management firms around the world.  This allows our Financial Advisers, who provide financial planning in Sutton Coldfield, to work with our clients to create forecasts based upon our client’s individual circumstances and financial goals.

We call our planning process Lifestyle Financial Planning.  It’s not just about software, although that helps to illustrate and model “what if…” scenarios.  It is very much about the expertise and knowledge of our Financial Advisers who offer financial planning in Sutton Coldfield, and how they work with our clients on a very personal basis over a period of time.  We don’t see ourselves as people who carry out financial transactions for you.  Our Advisers, consider their role to be helping you achieve your life goals.

Your first meeting with one of our Financial Advisers to discuss financial planning in Sutton Coldfield is at our cost and without obligation. Please contact us to discuss your requirements.

Let’s Talk About Private Medical Insurance in Sutton Coldfield

Private Medical Insurance Sutton ColdfieldDon’t get us wrong, there is absolutely nothing wrong with the medical care that’s provided by the NHS at Good Hope Hospital, Sutton Coldfield. Because we are a local firm providing local financial advice many of our own staff, friends and family have been treated there.  But, if you want to get a diagnosis faster, or treatment for certain medical conditions quicker, there is no substitute for having private medical insurance in Sutton Coldfield in place.

Over the past few years insurance providers have reviewed the cost of this kind of cover and this is now a very competitive market. There are lots of options to consider which is where we can help. We take a holistic view of financial advice and therefore can recommend the most appropriate private medical insurance in Sutton Coldfield based upon your individual circumstances. You could of course do this yourself, but we can save you time and because we know the market and are regularly talking to clients about all kinds of insurance we are experts in recommending private medical insurance in Sutton Coldfield.

When searching through the options and costs you may be surprised to learn that you can arrange cover for you and your spouse and in some instances your children can be covered too, up to a certain age. Whilst not a replacement for the treatment and care provided by the NHS, procedures for which you may have to wait for a length of time for, such as knee or hip replacements can be done at a time that is convenient to you and save you being on a waiting list for what can be months.

We can arrange private medical insurance in Sutton Coldfield, so why not contact one of our Advisers for a no-obligation chat. This peace of mind may cost less than you think, and if you have got pre-existing conditions these can be taken into account and with some policies after a qualifying period they can be covered.

Your first meeting with one of our financial advisers to discuss private medical insurance in Sutton Coldfield is at our cost and without obligation. Please contact us to discuss your requirements.

Searching For A Care Home Financial Adviser In Tamworth

care home financial adviser TamworthThere are a number of things you need to know before you begin to plan for long term care for yourself or loved ones, especially if you think this will involve a care home at some point.

We recommend that you find a care home financial adviser in Tamworth or near to where you live. This is because the options you need to consider, in order to fund the care, can be complex, will depend upon your exact personal circumstances and may require several meetings.

It is important to know that not all financial advisers are authorised and qualified to provide long term care financial planning. Several of our Advisers at Four Oaks Financial Services are qualified and able to give this kind of advice.  So make sure when searching for a care home financial adviser in Tamworth that they are actually qualified to help you.

Ideally you should plan for your long term care well in advance. The government’s Money Advice Service website also supports this view and gives some good information https://www.moneyadviceservice.org.uk/en/articles/how-to-fund-your-long-term-care-a-beginners-guide. However, if planning in advance is not possible, especially if you find yourself looking for the help of a care home financial adviser in Tamworth because you have an urgent need for yourself or a loved one to go into a home, we will still be able to help. After carrying out a fact find with you we can advise on the financial options you have available which could involve maximising existing savings and investments including pensions or even equity release.  Although we usually only consider equity release for our clients as a last resort and will be happy to discuss why we take this view with you.

The value of pensions and investments and the income they produce can fall as well as rise. You may get back less than you invested.

Your home or property may be repossessed if you do not keep up repayments on the mortgage.

Equity Release will reduce the value of your estate and can affect your eligibility for means tested benefits.

Your first meeting with one of our care home financial advisers in Tamworth, and across the Midlands, is at our cost and without obligation. Please contact us to discuss your requirements.

Life Insurance In Sutton Coldfield Will Protect Your Family

Life Insurance Sutton ColdfieldLife Insurance in Sutton Coldfield is important. This is one of the most prestigious neighbourhoods to live in in the area, and living here is not cheap.  So, imagine what could happen if you were to die and no financial protection cover had been put in place for your family.

For most people their monthly mortgage payment is the single largest monthly bill, so they take out life insurance to cover their Sutton Coldfield home.  However, with so many different policies and a wide range of benefits on offer we recommend you consider your circumstances as a whole, and look at the bigger picture with a proper discussion with one of our Financial Advisers local to Sutton Coldfield with life insurance being just one of the things you discuss.  We call this holistic approach lifestyle financial planning.

If you simply take the life insurance offered by your mortgage provider you will not be aware of the other products on the market that could have greater benefits for the same or similar premium. If you look online for your policy you may not get the cover that is most appropriate for your specific circumstances.  For example, did you know that critical illness insurance can be combined with your life insurance in Sutton Coldfield?  Life insurance pays out when you die, but what if you were injured or too sick to work?  These are the kind of discussions and scenarios your Financial Adviser will go through with you.

Your home may be repossessed if you do not keep up repayments on the mortgage.

Your first meeting with one of our Advisers is at our cost and without obligation. Please call us to discuss your requirements.

This Payment Protection Insurance is optional. There are other providers of Payment Protection Insurance and other products designed to protect you against the loss of income. For impartial information about insurance, please visit the website at www.moneyadviceservice.org.uk

Why Financial Planning In Tamworth Matters

Financial Planning Tamworth
Financial Planning In Tamworth Matters

Financial services are complicated and so the help of a trusted local Adviser to take you through financial planning in Tamworth either at your home or place of work is invaluable. Many people don’t fully understand what proper financial planning is and at Four Oaks Financial Services we have taken planning to a new level.  We call it lifestyle financial planning .

We believe that money needs to be accumulated to be used, not just saved without any firm goals in mind. We often see people who have accrued more money than they will spend, and this also leads to problems with inheritance tax when they pass away.  The purpose of financial planning for our clients in Tamworth is to help them achieve what they want in life, for themselves and for their families.  This can be everyday things such as the annual family holiday or perhaps paying off the mortgage early.  But these things don’t just happen, they need to be planned for and in the wider context of lifestyle financial planning in Tamworth we look at everything you need to spend your money on from today to your retirement and beyond.

Your home may be repossessed if you do not keep up repayments on the mortgage.

Many people do their own planning. They have ISAs, and they use their annual allowances.  They have pensions. They have a house.  This all sounds great, but if you are not an expert Financial Adviser you may not know that if you die ISAs can be passed on tax free, but only to your spouse. The value of your house could put your estate over the Inheritance Tax threshold thus leaving your children to pay 40% tax on anything over £325,000.  Pensions may not have been reviewed for many years and may be in higher risk funds, when the client, especially when nearing retirement would prefer a more cautious approach.

The value of pensions and investments and the income they produce can fall as well as rise. You may get back less than you invested.

Investors do not pay any personal tax on income or gains, but ISAs do pay unrecoverable tax on income from stocks and shares received by the ISA managers.

The FCA do not regulate inheritance tax planning.

Tax treatment varies according to individual circumstances and is subject to change.

Our Financial Advisers are available to carry out financial planning in Tamworth, or at our offices, whatever is most convenient for you.

 

Different Kinds Of Life Insurance In Lichfield

Life insurance Lichfield
Looking For Life Insurance in Lichfield?

According to Staffordshire County Council, in 2017 the population of Lichfield was 103,000 and over 5,000 of the population was aged under 4 years old. That’s a lot of children and therefore a lot of parents who will be looking to make sure their youngsters are financially provided for if the worst was to happen.  That’s where life insurance for Lichfield residents could help.

There is no such thing as a one-size fits all, so it is prudent to get advice from professionals on all financial matters for your specific requirements. This is because there are a wide range of policies available and different types of life insurance for Lichfield inhabitants to be aware of.

The three main types of policies that are often recommended are, level term life insurance where the cover remains constant throughout the term of the policy. Then there is decreasing term insurance, where the level of cover reduces in line with say the outstanding amount of your mortgage. And the third kind is whole-of-life, which as the name implies doesn’t usually have an end date so you pay premiums until you die and then the policy pays out. Many people buy life insurance in Lichfield to protect their families and often this is at the time they take out a mortgage.

If you are looking to provide a financial safety net for your children whilst they are growing up, or to cover your mortgage which is typically 25 years, then term insurance could be most appropriate, but this does of course depend upon your individual circumstances.

If you are looking for life insurance in Lichfield, you could talk to one of our qualified Financial Advisers who would be delighted to speak to you about life insurance in Lichfield, at your home or our offices. Your first meeting is at our cost and you are under no obligation following this meeting.

Your home may be repossessed if you do not keep up repayments on the mortgage.

This Payment Protection Insurance is optional. There are other providers of Payment Protection Insurance and other products designed to protect you against the loss of income. For impartial information about insurance, please visit the website at www.moneyadviceservice.org.uk

House Prices And Mortgages In Sutton Coldfield

Mortgages in Sutton ColdfieldAfter many years of rising prices, the UK housing market is showing signs of a slowdown, but this is still a good time to look for mortgages in Sutton Coldfield. Figures from the Halifax House Price Index1 show that mortgage approvals are down and transaction levels have fallen.  Russell Galley, Halifax Managing Director has said that house prices remain broadly flat, and the annual rate of growth has slowed to 1.8% in February which is the lowest rate of growth since March 2013.

Although house prices are flat, if you are looking at mortgages in Sutton Coldfield you should still bear in mind that employment levels are remaining high, and mortgage rates low by historic standards. And, importantly, none of the major mortgage lenders is currently expecting prices to stage a major decline.

So if you already have a home loan and are looking to move the price you get for your house could well be balanced out by the price you pay for your new home.

As house prices are flat you may be thinking about home improvements or building an extension, so you might still be looking at mortgages in Sutton Coldfield. It is also worth pointing out that if you already have a mortgage we recommend that you review this from time to time to make sure you have the right mortgage for you, especially if over the years your circumstances have changed.

Your home may be repossessed if you do not keep up repayments on the mortgage.

At Four Oaks Financial Services our Advisers are experts in searching out the most appropriate mortgage for your specific individual circumstances. We work with a wide range of lenders, some of whom are not found on the high street.

Your first meeting with one of our qualified mortgage Advisers for mortgages in Sutton Coldfield is at our cost and without obligation. Please call us to discuss your requirements.

1 Halifax House Price Index, March 2018

Looking For Life Insurance In Sutton Coldfield?

Life Insurancer Sutton Coldfield
Looking for Life Insurance In Sutton Coldfield?

If you are looking for Life Insurance and you live in Sutton Coldfield or you work in the town, we are ideally placed to help you. Our modern office, which has on-site free car parking, is situated nearby and we think it is always better to get local financial advice from Financial Advisers in Sutton Coldfield or close by for any kind of financial planning.

Most people take out their first life insurance policy when they take out their first mortgage. We recommend that you don’t just leave this in a drawer somewhere.  We advise our clients to review their policy on a regular basis for two main reasons.

Firstly, your circumstances may have changed and the current policy may not pay out enough money for your family to pay off the mortgage or meet their bills, should you die.

Secondly, new policies are regularly coming onto the market and if you don’t review your policy you could be paying more than you need to.

At Four Oaks Financial Services all of our Advisers are qualified to give financial advice to you on a wide range of protection products, including life insurance. You will never find yourself talking to a call centre, because we are a real firm with real Advisers who will meet with you face-to-face to provide advice on life insurance and if you are in Sutton Coldfield, then it is very convenient for us to visit you in your home or at our office.

The way Life insurance works is it provides a lump sum on your death, unless you bundle it with critical illness or wider protection insurance, which can provide cover if you have an accident as well as sickness.

It can also be a good idea to write your life policy ‘in trust’. This is a simple formality that ensures that the proceeds would go directly to your beneficiaries when you die.  This could avoid inheritance tax and the need to obtain probate before the funds are payable.  This would be exceptionally useful if your family needed access to the funds from your life insurance policy to pay off the mortgage on your home in Sutton Coldfield or pay other essential bills.

Your first meeting with one of our Advisers is at our cost and without obligation. Please call us to discuss your requirements.

Your home may be repossessed if you do not keep up repayments on the mortgage.

This Payment Protection Insurance is optional. There are other providers of Payment Protection Insurance and other products designed to protect you against the loss of income. For impartial information about insurance, please visit the website at www.moneyadviceservice.org.uk

Top Tips For First Time Buyers On Getting A Mortgage In Tamworth

Mortgage Advice Tamworth There are three top priority things to think about when you are looking to get your first mortgage whether you live in Tamworth or the surrounding areas.

Firstly, plan ahead. At least six months ahead.  Secondly, get local professional financial advice and thirdly, make sure your finances are in order.  All of these things are equally important in our view.

You need to plan ahead because you need to make sure your finances are in a good place to be scrutinized by a prospective lender. Our mortgage advisers provide advice in Tamworth and across the area, and they suggest that you don’t make any new credit applications in the six months before you apply for your first time buyer mortgage.  It is also important to keep up to date with credit card payments, mobile phone contacts and other monthly bills.  This will show that you are a reliable and responsible borrower.  You could also cancel any monthly subscriptions that you no longer use such as a gym membership, and cut down on the amount you spend on non-essential items or entertainment in the months running up to applying for your mortgage.

We also believe that professional local advice is essential. We can search many different lenders across the UK mortgages sector to find the mortgage most appropriate for your specific needs.  Also, because our mortgage advisers are local people based at our office near Tamworth they know the area, they know the local estate agents and other professionals such as surveyors and solicitors and will hold your hand throughout the process from applying for your mortgage through to the day you move in.  And, we hope your relationship with us doesn’t end there.  We hope that you will seek the help of one of our financial advisers on other financial planning requirements you may have from time to time.

Your first meeting with one of our mortgage advisers is at our cost and without obligation. So get in touch and make an appointment to talk about your options.

Your home may be repossessed if you do not keep up repayments on the mortgage.

Looking For Life Insurance In Tamworth?

Life Insurance TamworthWe always recommend getting local financial advice from a trusted local financial adviser. If you live in the Tamworth area and you are looking for Life Insurance, look no further than Four Oaks Financial Services.  All of our Advisers are qualified to give financial protection advice.

Thinking about life insurance is not a nice task. But if you want to ensure that your family can still afford to live if you die, then it is sensible task.  You may not know this, but critical illness insurance can often be combined with life insurance and this can provide a cash sum on the diagnosis of a serious illness.  In other words. you don’t have to die to benefit from this kind of combined policy, and you can concentrate on treatment and getting better, rather than worrying about money.

Protecting a mortgage is one of the most common reasons why people take out life insurance, because they want to make sure their family can keep the roof over their heads if the worst were to happen.

But, there are many other costs to take into account. For example the unpaid duties that a parent just does as a matter of course, such as childcare, cooking and cleaning.  Duties that if you were no longer around would still need to be done but would need to be paid for.  Having life insurance gives your family choices.  Your spouse or partner may want to carry out those unpaid parental duties themselves and getting a pay-out could mean they can afford to work shorter hours or not work at all.

Life insurance provides a lump sum on death, unless you bundle it with critical illness or wider protection insurance, which can cover you for accident as well as sickness.

There is no one-size fits all, and there are a wide range of policies and benefits available. Talking to one of our expert Advisers will help you make the right choices for you and your family in your unique circumstances.

Your first meeting with one of our Advisers is at our cost and without obligation. So get in touch and make an appointment to talk about your options.