Latest News and Events

Investing in Later Life

If there was ever any
doubt that we are not only getting older but also remaining financially active
for a longer period, recent actions by two mortgage lenders may go some way
towards settling the debate. Following on from Halifax’s decision to increase
the maximum age for its mortgages to 80, Nationwide have announced that with
effect from July it is bringing in plans to enable individuals to borrow up to
the age of 80, with a maximum age at maturity of 85.


The move by these
lenders, and others, to open up the lending market to older customers is they
say a reflection of changing demographics with people living and working longer
than before. But planning for later life is not simply a matter of increasing
access to borrowing facilities. The way in which we structure our pensions and
our investments throughout our lives may need to be reviewed to take account of
our changing later life needs. That’s one reason why best investment advice is
for investments to be reviewed on a regular basis both in the light of changing
market conditions and to take account of changing personal circumstances and
expectations.

If you’re looking for pensions or
investment advice, or if your situation has changed and you may therefore need
to review your existing investment portfolio, contact Beckworth by using one of
the links on our website.