PIL Petersfield

Independent Financial Advisor

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The Impact of COVID

It is no secret that the impact of COVID will be with us for a considerable time, most especially for those who sadly lost friends and family during that time.

Some businesses too have not or will not survive it, many will go on to prosper.

When did you last review your business insurances?

  • Have you taken on additional debt during the past year? Are all of your Business loans protected?
  • Are your Key Staff adequately protected and incentivised?
  • You may have a different view of who your Key People are! How well would your business cope without them?

We would be happy to spend time with you, reviewing your company’s needs and offering a view about whether your businesses insurances are sufficient for your needs.

We look forward to hearing from you. 

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Stamp Duty Holiday Extension Update

If you are still trying to save the deposit for your new home, the news that Chancellor Rishi Sunak confirmed plans to launch another government-backed 95 per cent Help to Buy mortgage guarantee scheme in the Budget, open to all buyers is likely to be good news.

The scheme will be open to home buyers with a five per cent deposit, not just first-time buyers, for properties worth up to £600,000. It has been largely modelled on the previous Help to Buy scheme launched in 2013 to help lenders transition back in to the market, and is open to second hand properties not just new-builds.

Sunak confirmed the UK’s biggest banks are poised to lend on the scheme from mid-April and include Lloyds, NatWest, Santander, Barclays and HSBC with Virgin Money readying to launch in May.

All mortgages will need to be repayment, not interest-only, on a loan to value of between 91 to 95 per cent and are subject to the usual affordability rules. All participating lenders will also be required to offer a five-year fixed rate product as part of its guaranteed range of mortgages.

As Independent Financial Advisers, we are uniquely positioned to help you find the most suitable solution for mortgage for your needs.