National Conversation Week has kicked off today with one clear message – don’t be afraid to talk about your finances.
40% of people in the UK admit that finance worries them more than anything else. According to National Conversation Week, only half of people surveyed said they would actually seek professional advice.
Don’t be afraid to speak to a mortgage expert
When it comes to finances, talking and planning goes a long way. The first thing to remember when you find yourself in a tough situation is that you don’t have to face it alone. If you are worried about money, speak to a mortgage and protection advisor.
Not only does a mortgage advisor give you access to a wider market (and more options available), but they can also offer valuable support through tough times.
Your Linear advisor will be able to talk you through all the mortgage options available to you – and advise on the best way to keep your home protected. If you have never spoken to an advisor, contact Linear Financial Solutions and we will put you in touch with your local mortgage and protection expert.
Don’t lose sleep over your mortgage
Linear advisor Kylie-Ann Gatecliffe (of KAG Financial Solutions) recently helped a woman who was struggling to pay her mortgage.
She said: “I recently looked after a client who had been losing sleep for a few months. She had run up a large amount of debt and was struggling.
“Her minimum payments were not reducing her balances as her interest was so high. In the end, we re-mortgaged her to a new lender offering a better rate and managed to raise enough funds to repay her existing debts. We saved her a huge £1,834 a month.
“She rang me in tears when her mortgage offer came through and she is now sleeping again knowing she can afford her repayments and stay in her home.”
Now is the best time to speak to an advisor
With the current situation, it may be a really worrying time for you and your family. Before you make any decisions about taking payment holidays or borrowing money, it’s wise to speak to an expert who can talk you through all the options available to you.
Liner advisors have expert knowledge on what is happening across the mortgage and protection landscape, keeping on top of the situation as it continually changes. An advisor will be able to help you find the best solution to your individual circumstances across a huge variety of lenders.
To find out more about National Conversation Week, click here.