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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…
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To Sell House or use council Deferral Scheme
Which is considered in the dementia patients' best interest? Mum is in a care home and we are just entering the 12 week disregard and I have asked for the deferral scheme but on the paperwork, it says we should seek financial advice that we are acting in Mum's best interest financially. If we keep the house it will…
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Complaint against cleaning company Help!
Hi Looking for advice Hired a cleaning company to clean my Fathers house after he passed away in May so that it could be put up for sale. Paid £271 to company for a deep clean plus extras. Cleaning was abismal if they did any that is . Kitchen cupboards the cleaned only the shelves you could see, no skirting boards done…
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Dormant Account Reclaim Fund General Info
Hi I'm currently trying to prevent the Halifax from closing down my (declared dormant) account and sending it to the reclaim fund. I hope I'm going to be able to prevent this happening so I'm not looking for advice in this respect. However, I wonder if anyone knows what actually happens when the Halifax does this to…
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Pension Credit Lifetime Mortgage
Not using money received personally but to help daughter. Will it affect P Credit ?
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Dvla scam site
I have recently (12 days ago) fallen foul of a site which I though was Dvla applying for my mothers over 70 driving licence. I have emailed to reclaim the fee they have offered £16 refund. I have declined starting their site was not clear on their pricing and am waiting to hear back. I feel the answer is still going to be…
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Relocating after Retirement - pros and cons - has it worked out for you?
Hi everybody Myself and my husband are in our 60's and I retired in 2019 to join him in retirement. We had about 9 months of retirement before Covid. Previous to Covid we thought we would relocate in a few years but like a lot of people re-evaluating their lives during the pandemic are thinking about doing it now rather…
