Frequently Asked Questions | Iolaire Financial

Do you have a question about any aspect of financial planning? Want to know what to do when the law changes?

Our FAQs should help to make things clear. Call Iolaire Financial on 01764 664210 if you have any more questions, or to talk to us about your financial plans.

General

Is your advice independent?

Yes. Our advisers are wholly independent and impartial. We are not tied to any particular providers, which means we can recommend the best products for you from a huge range in the marketplace.

How are you remunerated for providing advice?

It depends on the service we’re providing. We charge a fee for investments or pensions advice

The first meeting is always at our expense and, after gathering all of your details and obtaining an understanding of your needs, we will tell you the costs involved before they are incurred.

Wealth Management

Can anything be done to mitigate Inheritance Tax?

Yes, working with Iolaire Financial to design an appropriate solution can save your estate significant amounts of capital in the long term. Call our expert Independent Financial Advisers today on 01764 664210 to find the best approach for your needs.?

Business Services

I can’t keep track of all the changes happening in pensions at the moment. How do I know I have the right product(s)?

Our Pensions Advisers are always up to date on the latest changes in pensions, as well as all other areas of financial planning. Call us on 01764 664210 for no-obligation advice and we can let you know if you’re on the right track.

I’m a first-time buyer. Could I come and see you about a mortgage, or do you only see people who are selling one house and buying another?

We’re happy to help everyone, from first-time buyers to people who’ve moved house many times, as well as people buying to let, remortgaging or borrowing additional funds.

I’m thinking of retiring in a few years and I’d like to know if I have enough in my pension to do this. What can I do?

We can help. We’ll look at your current pension plans and let you know when you can retire comfortably and how much you’d have to live on. Call us on 01764 664210 for advice.

Mortgages

I’ve only just started looking for a house to buy. Is it too early to start thinking about a mortgage?

Not at all. The earlier you come to see us, the better. That way, we can talk through your options, find out how much you can borrow and even get an agreement in principle from a lender. Then you’re free to look for a house, knowing how much you have to spend.

I’m tied into a five-year deal with my current lender. Does that mean I can’t move house?

We always say to our mortgage clients, “You’re not tied to your house, just to your mortgage deal.” That means that you could move house and stay with your current mortgage deal, simply and easily.

I’m a first-time buyer. Could I come and see you about a mortgage, or do you only see people who are selling one house and buying another?

We’re happy to help everyone, from first-time buyers to people who’ve moved house many times, as well as people buying to let, remortgaging or borrowing additional funds.

I’ve heard about Government schemes for first-time buyers. What are they and could I get help from one?

There are various schemes that will help you to buy your first property, and we can help you to access them and apply for your ideal mortgage. Call Iolaire Financial on 01764 664210 to speak to our friendly, helpful Mortgage Advisers.

Protection

I have a small business – it’s just me and a few employees. Do I have to arrange a workplace pension for them?

Yes, new laws mean that you must arrange a workplace pension, for eligible employees. That means they:

are aged between 22 and State Pension age
earn at least £10,000 per year
work in the UK.

I’d like to offer my employees some workplace benefits as well as their salaries. What are my options

That’s a great move, because employees who have extra benefits feel extra-valued. There’s so much you can do to protect your employees and help them to feel happy at work. For an initial conversation about what’s possible, please contact us.

Can I arrange a pension at any time in my career?

Absolutely! We’d be delighted to help you, whether you’re just starting out, mid-career or nearing retirement.

I’d like to get protection for me and my family, if I should become ill. But I don’t know where to start. What should I do?

It’s really sensible to think of putting protection in place. And our friendly expert advisers can help. We can have a chat with you to find out about your current situation and about what’s important to you, then give you bespoke advice on the correct type of policy for your needs.