With house-hunting, offers, surveys, legal searches, new schools and other pre-move essentials to fit around everyday life, there’s not always a lot of time to consider how moving day itself will pan out. Because rushed final arrangements can make for a fraught moving day, savvy house-movers should take the time to focus on the logistics well in advance.
Once you’ve found your new home, you can put provisional removal plans in place. First-time buyers will probably be able to manage with a van and help from friends, but for most people, a removal firm is best. It’s vital to find a reputable one and get estimates from at least two. Costs depend on volume, distance and whether accessibility allows the use of one large removal van rather than two smaller vehicles.
Extra help is good
If your budget allows, avoid scrimping on removal fees; don’t jump at the cheapest quotation and make certain any damage is covered. Consider having items such as pictures, china, glassware, cooking utensils and books packed for you a day or two ahead of moving. It costs extra but saves time and energy, and proper packing can also prevent breakages. Estimates should itemise the extras you’ve selected.
When choosing a remover, word-of-mouth is valuable, as is membership of the British Association of Removers and/or the Road Haulage Association, as these are a mark of professionalism. Wait until your completion date is fixed (usually at exchange of contracts) before confirming removal details. Most removers can offer storage if you don’t want everything in your new home from day one.
Occasionally, unexpected events can cause delays. An optional advance payment can cover the removers’ extra costs if there’s a last-minute glitch. If everything runs perfectly, the keys will be released just as the removers arrive at your new address! While it can never be guaranteed, you can take steps to improve your chances.
These days, homeownership is simply unaffordable for many young people. That’s why more and more aspiring buyers are deciding to co-buy a property with friends.
In fact, co-buying has become so popular, some providers are offering multiple person mortgages, following research6 showing that the majority (60%) of millennials would take out a mortgage with friends.
Even if you know your friend(s) well, getting a mortgage together is a big commitment. So, here are some things to consider before taking the plunge:
Think about renting first
Pooling your finances and sharing a living space can put strain on relationships. How well do you know and trust your friend(s)? Renting together first may be wise to ensure you’re happy to commit to home ownership.
There are two types of ownership when co-buying a property: tenancy in common and joint tenancy.
Tenancy in common is usually advisable for friends purchasing together; it allows them to each own a quantified share of the property and permits them to leave their share to other parties in their Will.
These agreements outline who owns what; how mortgage and other payments will be split; how assets acquired during the tenancy will be owned; and how assets would be divided were the parties to go their separate ways.
6M&S Bank, 2018
New parents are spending more than ever preparing for their baby’s arrival, research5 has revealed. According to the study, the average spend has increased more than 18% since 2012 and now stands at £1,645.
However, the study also discovered a concerning fact: despite this increase in spending, little more than a quarter (27%) of first-time parents have taken out life insurance.
Protecting your bundle of joy
Having a child is a life-changing responsibility and it appears that many new parents are thinking about their child’s financial future early on, with nearly six in 10 parents-to-be (59%) having opened a savings account for their baby.
But it seems that fewer people are considering what would happen if they could no longer provide for their child. What if your family no longer had access to your income? With a new baby, it’s essential to ensure that you are financially protected, so that your little one would have a roof over their head if you were to die unexpectedly.
If you’re not sure where to start, get in touch, we aim to help you find the most suitable life insurance policy for your circumstances, giving you ultimate peace of mind.
According to The Financial Capability Strategy, part of the Money & Pensions Service, children’s attitudes to money are well-developed by the age of seven. In an ideal world, therefore, primary schools would be encouraging children not only to recognise the pounds and pence needed to buy their weekly Haribo rations, they should also be preparing them – through experiential learning – to open their own bank accounts at age 11.
Research confirms that children and young adults who receive a formal financial education are more likely to be money confident. They are more likely to have a bank account, understand debt, be capable of saving and generally have the skills needed to make the most of their money in future.
A life skill that ‘remains untaught’
Why, then, the organisation asks, is financial education not prioritised within the school curriculum? It says only four in 10 children and young adults currently receive financial education lessons and that educational establishments want to do more but are hampered by lack of curriculum time and financial skills and knowledge. The Financial Capability Strategy seeks to rectify this by providing resources for schools, parents, employers and individuals. Meanwhile, it’s worth noting that the top family board games promoting financial literacy are:
- ‘Cashflow 101’ and the ever-popular
- ‘Monopoly’, which now has junior versions.