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Changes afoot with the Mortgage Credit Directive legislations

The Mortgage Credit Directive (MCD) is the EU directive on credit agreements for consumers relating to residential immovable property and with new changes imminent during March 2016 and the new tax year, we thought that it would be a good idea to take a look at some of the things you should be aware of in regards to the following:-

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New Year, New Resolutions - Getting Active with Vitality

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So, Christmas has come and gone and we welcome in the New Year.

This is often accompanied by new goals and resolutions that we set ourselves, in the hope that we will achieve them. Perhaps your clothes are feeling a little snugger after that Christmas cheese and wine, celebratory drinks, canapes, not to mention Christmas pudding!

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Equity Release Schemes - An Overview

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Many people approaching retirement age or already in retirement find themselves in a situation where they are in need of extra capital funds.  It could be for home improvements, house purchase, supporting family members with their own house deposits, holidays, helping with pension shortfalls or just to make life a little more comfortable. 

There are options of releasing some of the equity tied up in your property to help. 

Equity Release Schemes exist where you can take a loan that is secured on your home. This is not a decision to be taken lightly, as although it can appear an attractive proposition, there is much to consider.  However, more and more senior citizens these days are turning to equity release to ease their worries.

What Equity Release options exist? There are 2 types of Equity release schemes:- lifetime mortgages and Home reversion. 

Here we will look at the basics of what each of these entails.

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Health and Life Insurance that Rewards you!

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Lifestyle related diseases, caused by such things as obesity, poor diet, alcohol, smoking and a general lack of exercise, are putting an ever increasing strain on the NHS. This has led to a much greater focus on encouraging people to take control of their own health, working on the premise that prevention is better than cure!

We help & advise clients on how to protect their family and responsibilities in the event of death, diagnosis of a serious illness, being unable to work and ensuring they get the best private medical care. Clients typically pay for these ‘insurances’ on a monthly basis and only see the benefits in the event of a claim. That is until now!  The evidence is clear, lifestyle can have a dramatic effect on health and we therefore want to encourage our clients to live a healthier lifestyle.  To achieve this we have created Cotswold Active in association with ‘Vitality’ to bring you a new and innovative concept that not only encourages a healthier lifestyle, but actually rewards the individual for doing so. By simple lifestyle choices and physical activity, Vitality actually REWARDS YOU for being healthy!

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Pension Pitfalls: What To Avoid?

The thought of life without a regular salary can be daunting, and there are a number of pitfalls to look out for when retirement is just around the corner. Careful planning and sound advice will help to avoid problems and lead to a secure and happy future for you and your loved ones. Here are a few points to bear in mind.

Go easy on the lump sum

Recent legislation has dramatically changed the way that private pensions work. Since April 2015, you’re free to spend or re-invest your pension funds as you see fit, rather than being obliged to purchase an annuity.

If you wish to take the whole pot as a lump sum, there’s nothing to stop you. This may sound exciting if you’re thinking of going on a dream holiday or buying the luxury car you’ve always wanted, but without sensible planning your funds will dwindle at an alarming rate in the absence of regular income.

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