Smart Money Guides

Our latest Smart Money Magazine's

Welcome to our latest edition. It’s not surprising that the world of investing can seem complex, especially in the current global economic climate. Investors face an endless supply of market news, many investment choices and often-changing market conditions. There are a number of key principles that every investor should follow with the aim of building an elective long-term strategy designed to achieve their financial goals. On page 08 we look at ten principles that every investor needs to know.

As your income increases, the complexity of your finances may too. Tax-efficiency is a key consideration when investing because it can make such an enormous difference to your wealth and quality of life.
However, the type of investment and tax-efficiency you should be looking for depends on whether your priority is to save a lump sum for the future or to draw an income today. On page 11 we consider a number of allowances and reliefs available to UK taxpayers to help reduce your overall tax bill.

As you approach the last five years before your retirement, there will be a lot of things to consider. You’ll need to think about your finances, your health, your housing situation and your plans for the future to live comfortably in retirement. There will also be lots of questions to ask and a number of things to review in order to ensure you have a comfortable and enjoyable retirement. Turn to page 12 to read the full article.

The rising cost of living is one of the most pressing issues facing many families today. The price of food, energy, fuel and other necessities has risen significantly in recent months. This has made it difficult to make ends meet and has put a strain on many household budgets. As many people feel the squeeze as the cost of essential items continues to increase, there are a few important things to consider to maintain your financial wellbeing. Read the article on page 05.

WELCOME TO the Spring 2022 quarterly issue of The Mortgage & Property Magazine from TFA Mortgages.

When it comes to sustainability, having greener homes and a lower environmental impact is now sitting near the very top of many Britons’ property priorities. Sustainability can no longer be considered a niche. The Government’s intention is for all new homes to be zero-carbon by 2050 and produce a 75% to 80% reduction in carbon emissions by 2025. With pressure on natural resources and the uncertainty of climate change, on page 56 we look at why it is important that homes of the future are built in ways that provide benefits for both homeowners and the environment.

Are you looking to take your first step and get onto the property ladder? When you’re buying your first home, there is so much to think about. The process can fill you with a mixture of both nerves and excitement. From getting together a deposit to investigating the different types of mortgage, and, of course, what kind of property you should buy, it’s decisions, decisions. And that’s before you’ve even considered where you might like to live. Turn to page 16 for our top 10 tips to help you at each stage of your journey.

When it comes to obtaining a bigger mortgage, there are a few things you need to consider. Firstly, you need to make sure that you are eligible for a bigger mortgage and can meet the mortgage repayments. This depends on your income, credit score and other financial factors. On page 34 we look at how you could boost your mortgage borrowing power and what can determine a successful mortgage approval. Recent years have seen an extraordinary period of competitive and low interest rate mortgage deals but, even before the Bank of England’s rate-setting Monetary Policy Committee began increasing interest rates last December, there were signs that the era of ultra-low mortgage rates was at an end. Turn to page 30 to see what this could mean for your mortgage.

We hope you enjoy our selection of articles in this issue. A complete list appears on pages 03 to 05. We always welcome your feedback and if you would like to discuss how we could help you with your mortgage requirements, please contact us.

Mortgage & Property Guides

Protection Insurance

Retirement Planning & Pensions

Investment Planning

Individual Savings Accounts (ISA's)

Ethical Investing

Financial Planning

Estate Planning

Business Owners

Budgets, Tax Planning & Current Affairs

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