Jack Bewick - Independent Financial Adviser

19/09/2023

I’m really excited to announce that my very first website is now live!

Thank you to Tom Murrell of Ada Digital Marketing for your hard work and support in designing and building the site - it looks awesome 🙌🏼

Please feel free to take a look and let me know what you think.

www.jackbewick-ifa.co.uk

01/09/2023

Finally got there 🙌🏼

Fifty 5 ⭐️ Google reviews!

Thank you to everyone for your continued support.

Next milestone - 100!

03/07/2023

I am pleased to announce that I have recently started a new position as Trainee Financial Adviser at Intelligent Financial Advisory Ltd.

Really excited for the next chapter in my career and moving into the world of pensions and investments!

I will still be advising on mortgages and life / health insurances, so if anyone requires any assistance please get in touch.

[email protected]
07539 250 865

16/03/2023

What happened in the 2023 Budget?

Jeremy Hunt delivered his first budget yesterday since becoming Chancellor. Many of the key policies were released in advance such as expanding free childcare and extending energy support. However, there were some surprise announcements such as scrapping the pensions lifetime allowance.

Here is a summary of the main points from the Chancellor’s speech.

Recession and inflation

- The Chancellor said the Office for Budget Responsibility (OBR) has forecasted that the UK will not enter recession that the Government “will meet the Prime Minister’s priorities to halve inflation, reduce debt and get the economy growing”.
- The OBR also expects inflation in the UK will fall from 10.7 per cent in the final quarter of last year to 2.9 per cent by the end of 2023.

Energy bills support

- The Chancellor confirmed the energy price guarantee will be extended for a further 3 months.
- Households on pre-payment meters will receive help as their charges will be matched to that of people who pay via direct debit.

Pensions changes

- The lifetime allowance limit on pensions has been abolished.
- He also confirmed that he will increase the pensions annual tax-free allowance from £40,000 to £60,000.

Free childcare boost

- The Chancellor announced 30 hours of free childcare for all under-fives from the moment maternity care ends, where eligible.
- He also announced a boost for childcare suppliers, with the Government piloting incentive payments of £600 for childminders joining the profession – £1,200 if they join through an agency.
- He also said he wants all schools to be able to offer care either side of the school day by September 2026.

Public funding

- Jeremy Hunt announced he will provide a £63 million fund to “keep our public leisure centres and pools afloat” in response to high costs.
- An additional £100 million will be given to support thousands of charities and community organisations.
- The Chancellor also said that he will assign an extra £10 million to the third sector for su***de prevention.

03/02/2023

The Bank of England increased its base rate yesterday by 0.5%, to a 15 year high of 4%. I’m sure everyone has seen this posted all over social media and on the front of every national newspaper as though it was some sort of shock…

However this has been expected by markets for weeks.

The reality is, unless you are on a Bank of England ‘tracker’ product, this will not directly impact you. A large proportion of people on these are doing so as they plan to sell soon, or they require additional flexibility.

The SONIA swap rate is a key indicator when looking at where mortgage fixed rates are heading, and take into account any predictions the market holds. As you can see from the below picture, these rates are coming down, hence why we have seen mortgage fixed rates reducing over the last 6-8 weeks.

Unfortunately the media likes to scaremonger us all, and doesn’t mention the fact that fixed rate mortgages are getting cheaper by the day.

Don’t believe everything you read in the media, and if you have any queries or concerns then seek advice from a mortgage professional.

📧 [email protected]
☎️ 07539 250 865 / 01926 332 231

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

06/01/2023

As we say goodbye to 2022 and welcome 2023, now’s the perfect time to make sure you’re fully prepared for the financial year ahead. To make it easy, we’ve summarised the key financial dates to put in your diaries.

Your financial plan could be impacted by these key dates, so talk to us for advice on unused allowances, additional rate tax and dividends.

Note: For specialist tax advice, please refer to an accountant or tax specialist.

22/12/2022

Merry Christmas from us all at Leam Financial Services 🎅🏼

07/12/2022

Some insight into what the mortgage market could hold for 2023!

Richard Donnell, executive director for research at Zoopla, revealed that the firm expects average mortgage rates, specifically five-year fixed rates at 75 per cent loan to value (LTV), will start at less than five per cent next year.

This is promising news considering the position that we were in 2 months ago...

He also added that the spike in mortgage rates from two per cent to around six per cent had created an “on paper overvaluation of property”. However, it is thought this can can unwind by rates falling from six and a half per cent back towards four per cent, expecting a circa 5% drop in current house prices.

Average mortgage rates, specifically five-year fixed rates at 75 per cent loan to value (LTV), will start at less than five per cent next year as lenders will be vying on price.

06/12/2022

We’re probably all going to end up spending a little more time at home than we had planned this winter. Whether you’re working from home or just spending more nights in, as the cold weather creeps in it’s time to start thinking about how to keep warm (and, more specifically, how to keep your house warm without sending your heating bills through the roof).

No one wants to spend their days shivering on the sofa or trying to type out an email with frostbitten fingers, so let’s face facts: switching on your heating will be necessary at some point in the winter.

So how do you save money on energy and heating bills?

Halifax have kindly put together this document offering some hints and tips on how to reduce your energy bill this winter.

18/11/2022

Such a tragic story…

If you don’t have life insurance, critical illness insurance or income protection, then this story should be a wake up call.

Unless you are not able to have insurance due to medical or lifestyle conditions, you SHOULD have insurance.

If anyone depends on you financially, whether it be a partner or children, or you provide an income into a home, then you need to have cover in place to protect your family.

Imagine having to tell your partner and children that you have only 6 months left with them…

How much worse would that be if you were leaving your loved ones at risk of losing the family home?

Could your family survive financially if you were no longer around, or you were unable to work due to sickness?

Whether your budget is £10 a month or £500 a month, there are many options available to suit.

1. Get in touch with a qualified adviser
2. Review your existing cover if you have any
3. Update it if required / take out new cover
4. Place your cover into trust
5. Stop putting it off - having this conversation with our clients is the most important conversation that we can have

The TV presenter is urging people to take out life insurance. He added “That has helped so much and when I leave this planet, I’ll do so knowing Jess and the boys are in a house that is fully paid off and there’s a bit of money in the bank for them to live off.”

The presenter was filming A Place in the Sun when he first fell ill