Email: office@bloomfieldfinancial.co.uk

Call: 0191 406 6453

Top 5 UK Savings Rates - Every Week In Your Inbox

Written by John J Bloomfield

For a little while now we have been offering our pension and investment clients who have an ongoing support package from us a cash management service, whereby we advise on how to structure cash savings to get the best possible return on those savings.We have also made it available to those who do not have an ongoing package at a fixed cost.

We are aware however that many people who do not need/want the full service would find it useful to receive a regular update on the best rates available so once a week on a Friday we will send out an email with a PDF attachment that lists the best available interest rates in the mainstream categories.

The list will contain the top 5 accounts for Instant access and 1,2,3,4,5 year term accounts in the following categories;

  • Standard Savings
  • Cash ISA Accounts
  • Help to Buy ISA
  • Junior Cash ISA
  • Regular Saver Cash ISA
  • Regular Saver
  • Children's Accounts
Read more: Top 5 UK Savings Rates - Every Week In Your Inbox

Funding your own funeral.

Written by John J Bloomfield

Having recently suffered a loss of my own and simultaneously having the family of a client go through the same my mind has turned to the various ways in which we can fund our own funerals to remove the burden from our families of worrying about how to pay for the funeral.

"How much will my funeral cost?" is a difficult question to answer there are a huge number of variables from the obvious like cremation or burial to where you happen to be living at the moment, the table below from the Royal London National Funeral Costs Index shows the variation even just in the North East of England.

Read more: Funding your own funeral.

New First Time Buyers Guide....Coming Soon.

Written by Dee Bloomfield

FirstTimeBuyerGuide

Many moons ago John wrote a helpful guide for first time homebuyers that not only covered mortgages and associated insurances but also a lot of practical advice on buying your first home including viewings, estate agents, conveyancing and practical tips for budgeting etc. we used to get great feedback on how useful it was. As things changed overtime it became a little out of date so he withdrew it with the intention of updateing it at some point and now that I have taken over the vast majority of the mortgage work here at Bloomfield Financial I thought I would pick up where he left off and get a new guide out there.

So I thought before I get going properly i would ask you what as a First Time Buyer you would like to see in the guide? And if you're not a first time buyer then what do you wish you had been told when you were?

Read more: New First Time Buyers Guide....Coming Soon.

What's Your Perspective On Retirement?

Written by John J Bloomfield

billionphotos 1902432When I was 16 years old my Grandad died suddenly, it was devastating for me and it took quite a long time to get over the shock. Eventually though you start to accept these things as he was old. However as I got older I realised he was only 66! To a 16 year old that was old now as a 37 year old I realise when I’m 66 I won't even be old enough to claim my state pension.

Perspective is a powerful thing it frames how we see the world.

Read more: What's Your Perspective On Retirement?

The Bank of Nan and Grandad

Written by John J Bloomfield

Bank Of Nan and GrandadLast year the BBC  reported that the age of an average first time property buyer was now between 27-34 depending on where in the country you happen to live. It's not that surprising that the age has been creeping up over that last couple of decades as house prices have increased exponentially and wages haven't it has become harder and harder for first time buyers to raise that essential deposit.

According to the Daily Mail the average first time buyer needs a deposit of more than £30,000 that's more than the UK's reported average salary.

Traditionally equity release or lifetime mortgages have been marketed as a way for retirees to release equity from the property to fund a more luxiourous lifestyle but of course the funds can be used for almost any legal reason. Many people who would qualify for a lifetime mortgage are reluctant to do so because they feel that they would be 'taking away' the families inheritance.

Read more: The Bank of Nan and Grandad