Three in five first-time buyers depend on the bank of mum and dad in order to get onto the property ladder, according to research by Just Group. In the last five years, 61 per cent of FTBs relied on financial help from relatives in order to purchase a property. In comparison, just 20 per cent of FTBs relied on financial assistance from relatives 30 years ago.
Without a legally valid Will, you risk leaving your loved ones in a difficult position where the government decides how your estate is divided. The same applies if you lose mental capacity without an LPA in place. Your family may struggle to manage your affairs. This is why estate planning is one of the most valuable gifts you can give your family.
By booking a thorough insurance review with a knowledgeable mortgage adviser, you can gain a better understanding of the types of policies available and ensure you have the right protection in place for your unique circumstances. They can help you identify any gaps in your coverage and recommend solutions tailored to your specific needs.
It would be fair to assume that most people are familiar with the purpose of making a Will, but did you know that Will writing is just one element of estate planning? Although an extremely important component, estate planning goes much further than Will writing, to determine your wishes about wider aspects of your life including your finances, health, care and more.
