What are Life Insurance and Critical Illness cover? Life insurance financially protects your spouse and dependents in the event of your death. You can choose if the policy pays them either a lump sum amount, or regular payments if you die, so that they are looked after financially. There are two types of life cover; […]
It’s one of those questions that we tend to avoid and it is estimated that up to 70% of us will die “intestate” or not having made a Will. There seems to be no exception to this when it comes to the partners and spouses of military personnel, which is strange when we are so […]
10 top tips for those who have a Forces Help to Buy loan and want to remortgage or buy another home If you wish to re-mortgage your property and increase the amount of mortgage you have on the property (in order to free up some cash) Defence Business Services, Military Personnel, FHTB Section (DBS Mil […]
John got in touch a few months back and felt disillusioned from the advice he had already been given by other banks and advisers. He knew he could afford the mortgage he was proposing, but couldn’t get the amount he required. Nadine gave him some suggestions to improve his affordability and talked him through the […]
Imagine the worst was to happen next year or next month, have you made arrangements to nominate Guardians of your children? What does the Guardianship do for your children? Guardianship for your children ensures that they will be taken care of by the person that you nominate as their Guardian. If you don’t write a […]
Now that the new paint has dried and you have unpacked your last box, maybe you are thinking about raising more funds on the property or already considering your next move. As long as you have a Forces Help to Buy loan there are some things to consider in addition to the normal requirements. For […]
Bought a house using Forces Help to Buy and now you or your partner has decided to leave the Armed Forces? If you decided to leave one Regular Armed Service and join another (transfer from the Army to the Navy for example) you may keep the FHTB provided there has been no break in Service. If you […]
What is the process and costs? Are there any legal costs involved in re-mortgaging? When re-mortgaging you will need to consider the following costs: legal expenses; land registry fees (including the registration fee and document download costs); any mortgage arrangement fees; bank transfer fees; any early repayment fees on your current mortgage; a valuation or […]
What is Life Cover really for? It is usually taken out for two reasons: To clear a mortgage and/or debt. To provide a lump sum or an income for a partner and/or child in the event of a person’s death. Peace of mind However, the real reason for taking out Life Cover is to provide […]
Without a doubt the three main points of contact when remortgaging should be your mortgage broker, your solicitor and Unit HR Administrator. Your mortgage broker and legal advisor are there to act for you and make sure that everything runs smoothly with the money and legalities. Your Unit HR Administrator will be able to help […]
Most of us have taken out some form of life cover without putting it into trust; but why would you want to? Well, It doesn’t cost anything to arrange; It could save you as much as 40p in every £1; AND It could save time and reduce costs. If you would like more information on […]
Donna (Dot) is the latest addition to the Forces Family Finance team, and has taken up the role of Office Manager. She is an Army wife and Mum to a boy and a girl. Here’s her family’s military journey… I met my husband Chris back in 1998 through my work as a swimming teacher. He’s […]
