70% hide money worries. Could a mortgage advisor help?

by | Saturday 30th Dec 2017 | Mortgage Insights

money worries

Working with the right mortgage advisor could help to ease money concerns and free up capital, setting a plan in place that is perfectly suited to individual homeowners’ needs.

According to the Money Talks Study conducted by Seven Investment Management (7IM), 70% of Britons keep their financial anxieties under wraps. The other third of survey respondents stated they usually talk to their partner, but this still doesn’t make for plain sailing, especially for younger individuals. 7IM’s research found that 44% of millennials in a relationship argue about money, compared to 30% of Generation X and 18% of baby boomers.

So, how can working with a mortgage advisor help to quell those tensions and provide people with appropriate advice?

Plan ahead with a mortgage advisor

Working with a mortgage advisor dedicated to building client relationships, and who cares as much about your financial position as you do, could help you assess your existing mortgage arrangements and recommend suitable alternatives.

We say that because the Money Talks Study highlights the full impact of financial concerns on people’s relationships, anxieties and general wellbeing.

This is backed up by separate research from AXA, with the insurance company’s survey of 4,000 people suggesting money worries are contributing to a ‘stress epidemic’ across the UK. More than two-in-three respondents are worried about their salary prospects, the study shows, while nearly the same amount of people find themselves concerned about how to pay regular household bills.

Expert advice from a mortgage advisor

As we’ve mentioned, there are so many differing economic factors present for people that are contributing to their financial worries. The government likes to label these people ‘JAMs’, an acronym for ‘Just About Managing’. It’s telling that nearly half of the population believe they belong to this group.

As a leading mortgage advisor we can help you to assess your existing mortgage arrangements and recommend suitable alternatives, potentially saving you money.

Discover your remortgaging options with Oportfolio. We’re a mortgage advisor based in Fulham, South East London, dedicated to providing the most passionate and personal service possible to homeowners and buyers.

Please note that neither Oportfolio Limited or First Complete Limited are responsible for the accuracy of the information contained within externally linked sites accessible from this page.

Your property may be repossessed if you do not keep up with repayments on your mortgage.

Oportfolio Ltd fees are payable on application. We charge a broker fee for property purchases of £495 and a remortgage/further advance fee of £395. Our product transfer fee is £295.

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