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How much to buy out each other regarding properties etc....big headache!!
Hi all. I wonder if anyone can give advice as it's all a bit
of a headache! My ex-wife and I have been divorced for sixteen years but never
really settled financially. At the time of divorce, we owned two properties. A
property 200 miles away that we rented out was in both names, it’s now worth
£200k and has no mortgage.…
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Energy Bills
Martins advice is to do nothing, and go on the Cap. However, my present 2yr fixed term with SSE ends 10 Dec. New offer is either Standard at about 774 Pounds/yr -(est 65 per mth) or 3yr fixed v2 at 1072/yr--est 90 /mth. I'm a pensioner, 80 yrs old, on State pension only income. I'm very careful with my energy…
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Free Hearing Test at home?
Hi all, Does anybody have any information about getting free or inexpensive hearing tests at home? I am 70 ,disabled and housebound and have googled but can only find home visits from about £95. Any information at all would be appreciated. Thanks
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Self help thread. I am a widow coping getting on with it
Just wanted to put this thread on to replace the missing one. Worried that some people who have been following the old thread might really need it sometime and won't get the support they need/want. It has, and still does, help me.;)
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How to find the right Financial Advisor
I want to find out the different options available to me, and I'm not sure who to approach to ask for it. I currently live in a house that's joint-owned with my husband. My late parents have left a house jointly to my 3 siblings and myself. My husband has health problems and it's very likely he will need to go into…
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Downsizing - am thinking about - how have others done downsizing?
Large 4 bedroom house but in a desireable location next to a park with view over a man made lake. But am thinking of ridding myself of stuff and looking to move (possibly). How have others approached downsizing - what are the tips? What are the pros and cons? Did family approve? If not how did you mitigate this?
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Mortgages for the over 55s
The "Should you equity release?" guide does not mention mortgages for those over 55 ears of age. I have no mortgage and own my own home. I'm in my 60s and would like to help my son to buy his own home by giving him the deposit. I plan to raise the money using a mortgage (on my home) for the over 55s from a leading high…
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Two cars, or not two cars, that is the question.
We've always been a 2 car household. It makes sense for us whilst we are both working - different working times (I work shifts) We are looking to retire in 18 months or so, and we've been thinking about scaling down to 1 car between us. This would obviously be a large money saver. I wondered if any others have done the…
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Completing National Insurance Record when not working
I reach the age of 67 in October 2035 which I believe that will be the state retirement age for men at that time. I currently have 24 years of NI contributions. You need 35 years in order to get the full state pension. I'm not currently working, but am able to afford voluntary contributions. I think they are about…
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Tiny House UK?
We are both retired, last of the kids flown the nest and we really need to downsize. My daughter and son in law are thinking of buying a plot of agricultural land very close to their home, maybe a few acres as my wife wants her own allotment and I want to farm Guinea pigs, rabbits for meat and a couple of chickens for…
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The value of things
Some time ago I created a post 'obsessed with saving' which created some interesting comments/discussion. Our situation is that we now have a healthy income/savings but I was more interested in saving than spending. Since the post I have changed a little and am prepared to see our capital reducing but the problem I still…
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I feel betrayed
I have always been money savvy. My husband has always hated to discuss money. We have had separate bank accounts all of our married life (46 years) and been separated financially, apart from a mortgage. We are now mortgage free. About 7 years ago, I stumbled on a SO for £100 pcm on the Lottery. When I pointed out how much…
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Do I _really_ need a lawyer to write a will?
I think it is about time I updated my will and am wondering if I really need a solicitor? Can you teach yourself using online resources and save £150-200?
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local govt pension scheme - what % of salary to put in ?
is approx 6% of gross salary enough, with 10-12 years left to the big R..? single, no family, renting my place. have some frozen pension pots, from previous private sector jobs..
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Advice needed please re Tenants in common
When my husband and I bought our bungalow in 2015 when we were 65 and 66, we bought it as tenants-in-common, just so that our son could inherit one half without waiting for both of us to die. We both made wills leaving him our half in a trust, so that when the first one dies, their share is put in a trust to benefit our…
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Increased interest rates
Is it a good time to draw down the remainder of our plan taking account of potential BoE rates rising?
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Is this a mad idea ?
I’m 56 and live in a 3rd floor tenement flat worth approximately £250k. Love my flat, though soundproofing not great Considering selling my flat and renting. Calculated that the proceeds would allow me to rent a property for £800 p/month for 26 years.
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Elderly neighbour now wants to pay me for helping her...
(If this is the wrong section can a mod move it!) I have been going into an elderly neighbour for some time now (and to be fair with the last 12 months and Covid she would have seen very few people if I hadn’t been going daily). I was the person who liaised with social services over the years to get carer cover (last 6…
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Is ER a good option for us ?
My husband and I are both 60 and own a property worth around £250k. We have £66k outstanding on our mortgage which has 5 years to run. I have a chronic health condition and have been unable to work for the past two years which has halfed our joint income and this has been further reduced due to covid restrictions impacting…
