Financial planning - buying a new home

alecialondon

Hi all,

I'm new to MSE and joined because I just couldn't find an answer to my query anywhere else - so I'm hoping you clever people may be able to assist, although I'm not sure this is the right thread!

My husband and I are looking to buy a new home using the equity in our existing home (and then renting out our existing home) - but more than that, we are looking to speak with someone who can help and advise us generally on our financial situation. We are both contractors so have no pensions, we woudl like to look at life insurance as we are expecting our first baby, we'd like to know more about the tax implications of our financial decisions etc etc!

In my native Australia you simply have ONE personal accountant who advises on all of these aspects of you financial affairs, even though you may go elsewhere for the actual product. All the information I can find here says t ogo to a mortgage broker for a mortgage, a financial planned (all commission based!) for financial planning advice, life insurance broker and so on - how do we get an overarching view of how all of these things link, impact our tax and our financial security?

Sorry for the long-winded post, but I'm confused and frustrated (and annoyed my accountant back in Aus isn't a UK specialist also:rotfl:!)

I hope to hear from you soon.

Many thanks
Alecia

egoode

Can't help with your questions, but being an Australian as well I understand your pain and have found it quite frustrating as well! However I believe you will find that financial planners can't get commissions anymore and they should all be charging fees for there services now. I think this started from the beginning of this year.