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Financial advice from City & Country Financial Services
By setting up a pension for your child, you’re not just giving them a financial head start in life; you’re also instilling the value of long-term thinking and investing for their future.
A Simple Guide to Critical Illness Insurance: Your Safety Net for Unforeseen Medical Shocks
Securing Comprehensive Health Coverage for a Worry-free Future In an ever-evolving healthcare environment, it’s essential to stay informed about the options available to safeguard your well-being and that of your loved ones.
If you are over 55 and looking for mortgage options, there are a few different routes you could explore.
What figures from your business will lenders use when you apply for a mortgage?
It is common misconception that lenders use turnover or gross profit figures to determine how much you can borrow.
When applying for a mortgage, most lenders want to see your business accounts for the last two or three years. Does that mean you unable to buy your dream home until you have been trading for over three years then? Well, it depends.
Which mortgage lender accepts self-employed?
While every lender has their own lending criteria and underwriting requirements, there are no lenders who specialise in mortgages for the self-employed. So, in theory, you can approach any lender and ask them to address your mortgage needs.
Why is it so hard to get a mortgage when you are self-employed?
If you are self-employed, you will go through the same underwriting process and affordability tests as any other borrower. However, you will be required to provide more evidence of your earnings than those who are employed. This is because self-employed income is typically less predictable than those who are salaried and lenders need to ensure that you can afford your mortgage.
Do “self-employed mortgages” exist? That is a very interesting question!
We do not have specific mortgage products available solely for the self-employed. So you will have access to the same lenders and products as those who are employed. However, for the self-employed, your mortgage journey will require more effort as lenders will ask for more information and more documents to support your mortgage application.
When thinking about your future financial wellbeing, it can be helpful to consider a plan. A well-thought-out plan can help you protect yourself from unexpected events that could affect your ability to meet long-term financial commitments.
With the festive season approaching, have you thought about gifting your children or grandchildren something different this year? Giving them a good start in life by making investments into their future can make all the difference in today’s more complex world.
For a family business, transition is a once-in-a-lifetime decision. A good succession plan can be the first step in maintaining the strength of an enterprise and the family’s prosperity for generations to come.
There are different types of mortgages, classified by the way the interest on them is charged, or how the interest rate changes over time. Each has its own advantages and disadvantages.
Unlike the other forms of business protection, shareholder or partnership protection covers individuals rather than the company. It can help solve many of the problems that could arise when the unexpected happens.
A Simple Guide to Critical Illness Insurance
A Simple Guide to Critical Illness Insurance: Your Safety Net for Unforeseen Medical Shocks
The Importance of Private Medical Insurance in Today’s Healthcare Landscape
Securing Comprehensive Health Coverage for a Worry-free Future In an ever-evolving healthcare environment, it’s essential to stay informed about the options available to safeguard your well-being and that of your loved ones.