Supporting the homeless in Milton Keynes

It has come to our attention the growing number of homeless people in our Milton Keynes local community. 

As the winter months kick in and we experience the noticeable drop in temperature. What we all take for granted is a place to sleep and call our home. 

Help the homeless

Help the homeless

We have recognised the important work of Winter Night Shelter MK (WNSMK). Over the last 5 years they have provided overnight accommodation to homeless and vulnerable people during the extreme winter months. They also help people into accommodation and work – in essence they help rebuild lives.

“People arrive at the Winter Night Shelter for many reasons. They can be old or young, men and women. Some are long term homeless, but many are the victims of circumstance. They may have deteriorating domestic issues, They may have lost jobs and no longer be able to pay for accommodation. Illness and disability are also factors that make people homeless.”

1st Financial Foundations have chosen to support the charity and will donate 10% of our fees for each mortgage case we receive over the next 3 months from December 2016.

To find out more about Winter Night Shelter or make your own donation please view their website: www.winternightsheltermk.com

Yash Tosar
1st Financial Foundations

How financially fit are you?

5 things to consider for financial fitness

We all have our ideas about being fit? For some people it means never missing their early morning walk. Others might go for a run, cycle or eat healthy. Fitness is very personal. You don’t need to be able to run a marathon to be fit. It’s about what your personal goals and desires are.

Just like physical fitness, being fit financially has many areas. The good news is that just like getting into shape you can assess your financial fitness and take actions to improve it. And if you keep your goals in mind as you earn and spend your money, you can achieve a high degree of financial health over the long run. So the question is, how fit are your finances? And how can you measure it?

Joint life insurance

joint life cover

But what do you do if you split up with your partner?

Life insurance can give you the precious peace of mind of knowing that any dependents will be financially secure in the event of your death. But if you are in a couple or partnership, should you opt for a ‘single’ or ‘joint’ policy?

If you are in a relationship it might seem obvious to take out a joint policy, but this is not necessarily the best option. See below for the pros and cons of single and joint policies.

Property Investment

Knowing the Risk, Planning & Knowledge

Fear of Risk

Everybody has a personal risk tolerance profile; some of us are quite comfortable with perceived risk while others are highly risk-adverse.

There are six main fears when buying a property:

  • Overcapitalisation – that is paying too much, being ripped off…there are so many stigmas associated with estate agents and concern around agents ripping off undiscerning buyers.
  • Buying a lemon – everyone fears their property underperforming in terms of capital growth when benchmarked against others in a similar area.
  • Troublesome tenants – who either trash the property or don’t pay their rent.
  • Vacancy problems – a common fear is having a property that’s hard to let with low or no tenant demand.
  • Lifestyle sacrifices –  if the property ends up costing more than initially expected resulting in extreme negative cash flow.
  • Market crash – they fear a ‘bubble’ or downturn will strike as soon as they’ve purchased, creating a negative equity position.

All are legitimate fears but there are actions that can address every single one.