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What are the main types of pension schemes?

5th February 2021

There are two main types: a defined benefit and a defined contribution pension scheme....

What is a defined contribution scheme?

A defined benefit scheme (commonly known as final salary or DB Scheme) is where your employer promises to give you an income in retirement based upon the number of years you have worked for them and y...

What is a defined benefit scheme?

The other type of scheme is a defined contribution scheme or DC scheme. In this type of arrangement, you will normally be expected to contribute as will your employer. This is suitable for the self-em...

How much will you need in retirement?

In retirement, your outgoings are likely to be lower. For example, most retirees will have paid off their mortgage and their children will be financially independent. A general rule of thumb is that s...

How much should I be saving?

The amount you need to save depends on the size of the pension pot that you want, it also depends on your age. For example, putting 10% of your earnings towards your pension is fine if you are in y...

What is a mortgage broker?

4th February 2021

Mortgage brokers are specialist advisers who will look for a suitable mortgage product on a client’s behalf in order to ensure they get the best possible deal based on their requirements....

I have bad credit, will this be a problem?

This will not prevent you from getting a mortgage. We have had great success in helping clients with adverse credit. There are a number of lenders who are more favourable to clients who have previousl...

Is the mortgage advice independent?

Yes, our advice is always independent and impartial, we will recommend what we consider to be the best mortgage to meet your needs. They have no affiliation with a particular lender or panel. We are F...

How do I know I’m being offered the best mortgage available to me?

Being a ‘whole of market broker’ means that we have access to the whole mortgage market. We search and compare the entire market to find the best offer for you, doing all the hard work for you. Pl...

What fees are involved in getting a mortgage?

Our brokers take all the hard work out of finding the very best mortgage offers available. We are CII MAQ qualified and FCA Regulated. We can charge a Financial Arrangement Fee payable on application....