Archive for October 2016

How Do I Plan My Family Finances When I’m in Debt?

One in five families in Northern Ireland are struggling with debt, with single parents and larger families most at risk, according to the Belfast Telegraph. With the current economic uncertainty, it’s no wonder that many are seeking financial security for themselves and their families. But how can you plan your family finances if you’re in debt?
Feeling Overwhelmed
No one is perfect, and we’re all guilty of burying our head in the sand now and then. But when it comes to debt, ignoring the problem can swiftly turn into a vicious cycle, and, in such circumstances, it’s normal to feel overwhelmed. So…

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Mortgage Advice for Newly Divorced Couples

Getting a divorce can be an extremely stressful time, especially when it comes to thinking about your existing mortgage. You will need to make some important decisions on the best solution for you and your ex–partner, regarding your property.
When agreeing on a joint mortgage, it may be a better solution to keep one person’s name on it for two reasons:
1. The person who has to leave the household may be entitled to take out another loan to buy a new property. The likelihood of this is higher than if they were still bound by name to the previous property.
2. The…

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