Best Financial Advisors in Haywards Heath

HELPING YOUR LOVED ONES ONTO THE PROEPRTY LADDER Buying your first home is a milestone, but it can be harder than ever for younger people to get the money together to afford to buy. Which is why more and more parents and grandparents are stepping in to help their children onto the property ladder. The balancing act, particularly if you’re approaching retirement or have already stopped working, is to make sure you leave yourself enough to feel confident your money will last as long as you need it to. We can help you make the right choice for both of you, and there are a number of ways: Gifting, loans and providing security to mortgage providers are all possibilities, and many of these solutions have some added benefits for you, if you’re planning your estate. Do take care, however, that you don’t accidentally add to your own tax liabilities without realising – a very good reason to talk your plans over with your financial adviser first. The home on which the mortgage is secured may be repossessed if payments are not kept up to date. The levels and bases of taxation, and reliefs from taxation, can change at any time.  The value of any tax relief depends on individual circumstances.