Worldwide Financial Planning

16/08/2025

"Homebuyers: You Shouldn’t Need to Use an Agent’s Mortgage Broker Just to View a House."

In this column I'm highlighting the FT Adviser's campaign to shine a light on this age old strategy of selling products to you, in order that you might just view a home and pressurising, no matter how subtle, to use those products.

Imagine being forced to use your estate agent’s mortgage broker just to see a home - or even to have your offer considered. That’s what 20% of recent buyers in the UK say they’ve experienced. Even more shocking: 52% felt pressured into compliance.

This isn’t just unfair - it’s a stealthy cost driver that narrows your options and can lock you into a mortgage that isn’t right for you.

Why it matters:

You lose the freedom to shop around for the best deal.

You may end up paying more in interest, fees, or insurance.

Transparency and trust in the buying process suffer.

What you can do?

Get your own mortgage agreement in principle - before engaging with agents.

Don’t be pressured - ask for proof of in‑house ties or incentives.

If you’re denied viewings or offers, speak up - report unethical pressure to the Property Ombudsman or National Trading Standards.

At the heart of this is a simple principle: Choice matters. Let’s work toward a fairer, more transparent housing market that empowers every buyer.

Beware the 'silent squeeze' from estate agents

12/03/2025

Your credit score plays a crucial role in securing loans, mortgages, and even rental agreements.

But how is it calculated?

✅ Payment history
✅ Credit utilisation
✅ Length of credit history
✅ Types of credit used
✅ Recent credit inquiries

26/05/2024

Navigating mortgage options can be daunting. Using an independent mortgage broker offers significant benefits:

➡Broader Access: Thousands of rates, flexibilities, and competitive fees not available through high street lenders.
➡Expert Guidance: Brokers provide tailored advice and help find the best deals.
➡Cost Efficiency: Potential savings in fees and interest over the life of the mortgage.

For more insights on the advantages of using a mortgage broker, read the full article: https://www.irishnews.com/business/2023/04/24/news/personal_finance_the_benefits_of_a_mortgage_broker-3227083/

25/05/2024

Is crypto really an investment? Peter McGahan says it's more of a gamble on valuation. Here are the key points:

➡Not an Investment: Crypto lacks the fundamentals of traditional investments.
➡High Risk: Extreme volatility can lead to significant losses.
➡Solid Planning: Focus on reliable financial planning and traditional investments.

For more insights, check out Peter's full article: https://www.irishnews.com/news/business/peter-mcgahan-crypto-is-not-an-investment-its-a-punt-on-a-valuation-ACMIEXNYMRCBJHXWW3U5BC5QVM/

24/05/2024

Why should finances be taught in schools? Peter McGahan breaks it down in his article on financial education. Here are the key points:

📚 Solid Foundation: Teaching kids how to manage money early sets them up for success.

💸 Debt Avoidance: Educating students on the dangers of debt can help them avoid financial pitfalls.

📈 Smart Investing: Encouraging young people to start investing early can lead to significant long-term benefits.

💡 Financial Independence: Empowering students with financial knowledge fosters independence and confidence.

Financial literacy is crucial for a secure future. Read more in Peter's full article: https://www.irishnews.com/news/business/why-finances-should-be-taught-in-school-D4R3F6RUAJFOLP4F4IGNOYPCHY/

23/05/2024

🏡💸 Don't let mortgage apathy cost you!

Did you know that sticking with a standard variable rate could cost you up to £160,800 over 25 years? 😲

By choosing the best rate with an independent broker, you could save a significant amount compared to a typical high street lender.

Imagine what you could do with those savings! 🌟

Learn more about how to make the most of your mortgage and avoid unnecessary costs:https://www.irishnews.com/business/2023/05/01/news/mortgage_apathy_can_cost_160_000-3239816/?utm_source=facebook&utm_medium=social&utm_campaign&utm_content=ap_becmfirdzz

22/05/2024

Are you weighing the pros and cons of buying a home vs. renting? Let's break it down in simple terms!

🏠 Buying:

➡ Builds wealth over time with property value growth.
➡ Fixed mortgage means predictable payments.
➡ You can access home equity if needed.

💸 Renting:

➡ Offers flexibility and easier relocation.
➡ Lower initial costs and no maintenance worries.
➡ Rent can rise with inflation.

Each choice has its own set of advantages and drawbacks. Curious for more details? Read Peter McGahan’s full article here: https://www.irishnews.com/news/business/peter-mcgahan-the-pros-and-cons-of-buying-a-home-vs-renting-AWXY3XHN7VG65OYBFDPXXBWKUI/?utm_source=facebook&utm_medium=social&utm_campaign&utm_content=ap_0sykrddnhu

21/05/2024

Perception V Reality

🟢 PERCEPTION: Mortgage rates have got so expensive these days.

🟢 REALITY: Rates are on offer for as little as 4.34 per cent for five-year fixed if you have a 40 per cent + deposit. Subject to status.

Our Mortgage Director Pat Greene can help you through the maze of what’s fact and what’s fiction. Email Pat on [email protected]

17/05/2024

Why do central banks like the Federal Reserve target a 2% inflation rate?

It's not arbitrary—it's strategic!

Our CEO, Peter McGahan, unravels the origins of this economic guideline.

The 2% target was adopted to foster price stability and prevent deflation, which can lead to economic turmoil.

Discover how this seemingly modest number plays a crucial role in our daily finances and the broader economic landscape.

Interested in how this affects your personal and business financial strategies?

🔗 Dive deeper into this topic and get the full insights from Peter’s analysis: https://www.irishnews.com/news/business/where-did-the-2-inflation-target-come-from-STABV7KWKRBZDCO6EMQW4TGMMM/?utm_source=facebook&utm_medium=social&utm_campaign&utm_content=ap_mym0gqmbp9

16/05/2024

🚨 Wondering how to spot a financial scam? Our CEO, Peter McGahan, breaks it down with some crucial tips:

1. Verify Everything: Don’t just take their word for it, check with the FCA!

2. No Pressure: Legitimate deals give you time to decide.

3. Simplicity is Key: Confused? Demand clarity.



Read Peter’s full advice here:
https://www.irishnews.com/life/personal-finance/steps-you-can-take-to-help-identify-if-you-are-being-targeted-by-a-financial-scam-UXZHO4K4DVDSVIU3WSMRQ3NVJI/?utm_source=facebook&utm_medium=social&utm_campaign&utm_content=ap_yxv56wrjfm