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Mortgages Life Insurance General Insurance Wills & Estate Planning Pensions Investments
Mortgages
DID YOU KNOW?
First Time Buyer - Even if you’re not a first
Life Insurance
time buyer, some lenders will still allow you to benefit from FTB rates if you haven’t
can be paid out completely tax free.
owned a home for a while.
Life Insurance
Help to Buy – A Government backed scheme
Decreasing Term Insurance – Most mortgages are repayment
providing an additional deposit up to 20% allowing you to benefit from better rates. This must be for a New Build property and only through an approved builder. Other
mortgages meaning you will pay off the mortgage at the end of the term. Typical life insurance for this purpose generally decreases each year in line with your decreasing mortgage making it cheaper than a life insurance that remains level
conditions apply, just ask.
throughout the term.
Buy to Let – Buying a property for
Level Term Insurance – Used to cover Interest only mortgages
investment with the intention of gaining from rental income as well as capital growth on the value of the house itself. Let to Buy – Buying a new home and not selling
where the mortgage never decreases. Also used for family protection too. Family Income Benefit – Used to provide an income over a defined period. This helps beneficiaries to work to a budget
your current home but letting it out instead.
rather than the temptation of ‘blowing’ a lump sum all at once!
Remortgage – Switching providers for another
Critical Illness Cover – A payment made to you if you suffer a
special rate (ie when a fixed rate comes to and end etc) or to raise additional capital.
defined critical illness during the term such as stroke, cancer, heart attack. There are around 25 to 40 definitions of critical illnesses depending on the provider chosen.
Product Transfer - Similar to remortgage but staying with your current lender on a special rate which they may offer you. Porting – When moving home, you ‘port’ over your current mortgage deal to a new property, to avoid
DID YOU KNOW? Premier Financial Group are directly authorised by the Financial Conduct authority
General Insurance Contents Insurance – Covers your belongings in the event of loss of contents. Optional extras include contents away from the home
paying any redemption
and are approved by
such as jewellery, pedal cycles and legal
penalties you may still have.
them to recommend
expenses. Most insurers, apart from the
nearly every lender.
budget cover providers also cover things like
Equity Release – Aimed
mobile phones whilst away from home. If you
at the ‘mature’ person, a
purchase a flat you will only need to consider
way in which to unlock capital you’ve built
contents Insurance only. Accidental damage
up in the home. Often used for personal
can be added to cover damage caused
expenditure, retirement income or gifts
accidently.
to offspring.
Building Insurance – Buildings Insurance is a condition of your mortgage provider. Accidental damage can be added. This is highly recommended in the first year at a time when you’re drilling or hammering DID YOU KNOW? Insurers will know all about your home before quoting, such as number of recent burglaries in the area, risk of flooding, etcetera. We can supply you this information on request before completing on a purchase.
into walls to add personal touches. Be careful who you chose, for example, only better policies provide trace and access, which detects and repairs a water leak.
DID YOU KNOW? Pensions can now be taken from age 55 for most people and you can now withdraw the whole pot rather than take a regular income (annuity) for the rest of your life.
Pensions
Pensions – A Pension is a tax efficient way
Wills & Estate Planning Advised Will – A Will allows you to stipulate who benefits from your worldly goods when you die and enables you to appoint guardians for your minor children. If you have children from a previous marriage, or buying a home jointly but not yet married,
of saving for retirement with tax relief on contributions and a tax free element when taking your benefits. Pension Transfers – If you were in a Pension with a previous employer, or your employer offers you to leave their defined benefits scheme, there are huge benefits to be gained from seeking financial advice.
then this is of paramount importance. Our Will writer and estate planner will discuss what you want from your Will and will produce a bespoke Will relevant to your family and circumstances. Simple Will – Some people will suit a simple Will, such as husband and wife with a
DID YOU KNOW? If you take out a life insurance
young family. In this instance
policy with us, you are eligible
you can write your own Will
for a FREE simple Will or
following simple instructions at myeasywill.co.uk.
receive a discount on an advised Will.
Investments Lump Sum Investments – the term of your Investment and the risk you are prepared to take has a significant outcome on your return. There are several tools we use to determine what suits your attitude to risk and build an Investment portfolio around you.
DID YOU KNOW? Adviser charges can come out of the investment pot rather than pay a separate charge and is proportionate to the amount invested.
Regular Savings - The most common form of regular savings is into an ISA as it is tax free. A Help to Buy ISA gives a First Time Buyer the chance to gain up to 25% return if the proceeds of the savings go toward buying a home. See explanations under mortgages for more detail. Inheritance Tax Planning – With Pension Schemes, Life Insurance, House Values; it is very easy for your estate to be liable for tax should you die. This means the Estate is not released to beneficiaries until all tax is paid. Although you can’t evade tax, you can certainly avoid tax by careful planning.
My promise to you... I started my own group of Financial Service Businesses in 1989, and built up the group of companies who now form the Premier Financial Group.
As we grow, we continue to focus on putting you, the client first, meaning whatever service you contact us for, you can expect an honest, transparent, efficient and professional service.
We are in touch with around 3,000 clients every year; we are
not Internet based, nor do we just take your instructions and
fill in your forms. We are real human beings, approachable and knowledgeable at what we do, and take great care getting everything right for you.
If you think we have fallen short of the high standards we pride
ourselves on, I would like to hear from you personally. I promise I will look into any circumstances where you feel we could have done better.
Premier Financial Group Ltd, Independent House, 18-20 Thorpe Road, Norwich, NR1 1RY
Best wishes Mortgages & Protection 01603 750 022 Will & Probate
01603 750 008
Pensions & Investments 01603 750 020 General Insurance
Ian Goody
Chief Executive
Premier Financial Group
ian.goody@pfgmail.co.uk 01603 750 002
01603 750 006
www.premierfinancialgroup.co.uk Premier Financial Group Ltd is authorised and regulated by the Financial Conduct Authority FCA Number 525971 Registered in England & Wales: 693307