Terry Cole - Financial Advisor

08/12/2025

Another happy client - thank you Mr and Mrs N,

"We had such a great experience working with Terry! He was incredibly quick, efficient, and truly went above and beyond to help us through a situation that was far from straightforward. Throughout the entire process, he kept us informed, explained everything clearly, and made us feel completely supported. Thanks to his hard work and expertise, we were able to get everything sorted smoothly within a couple of months. We’re so grateful and would highly recommend him to anyone looking for someone reliable, knowledgeable, and genuinely helpful!"

Amazing clients, thank you very much for your support

08/12/2025

Testimonials from recent clients:

Mrs H - This is my second time working with Terry, and once again he delivered an outstanding experience. He’s knowledgeable, responsive, and always takes the time to explain every option clearly. Terry’s attention to detail and genuine care for his clients made my second home purchase just as smooth as the first. I highly recommend him to anyone looking for a reliable mortgage advisor.

26/11/2024

Why Income Protection Beats Life Cover

Imagine losing your income tomorrow due to illness or injury. How would you pay your bills or maintain your lifestyle? While life cover secures your loved ones after you’re gone, income protection supports you while you’re still here.

Key Reasons to Choose Income Protection:

Real-Time Support: Provides regular payments if you can’t work, covering your expenses until recovery or retirement.

Bridges the UK Sick Pay Gap: Statutory Sick Pay offers just £116.75 per week — often far below what’s needed.

Tailored and Flexible: Choose coverage that suits your job, income, and waiting period.

Works with Life Cover: Protect your present income while life insurance safeguards your family’s future.

Affordable Options: Policies can fit most budgets and provide invaluable peace of mind.

Your income powers your life. Please don’t leave it unprotected. Explore income protection policies today and secure your financial stability.

22/11/2024

The Importance of Estate Planning

Estate planning is a crucial step in ensuring that your assets and loved ones are taken care of according to your wishes after your passing. Despite its significance, many individuals overlook this essential process, often leading to unnecessary complications and stress for surviving family members.

What is Estate Planning?

Estate planning involves organizing your financial and personal affairs to ensure the efficient distribution of your assets, minimize taxes, and provide for the well-being of your dependents. Key components of an estate plan often include:

A Will: A legal document that outlines how your assets will be distributed.

Trusts: Tools to manage and distribute assets effectively, potentially reducing taxes and avoiding probate.

Power of Attorney: Appoints someone to make financial or legal decisions on your behalf if you're unable to do so.

Healthcare Directives: Includes living wills and medical power of attorney to ensure your healthcare wishes are respected.

Why is Estate Planning Important?

Ensures Your Wishes Are Honored: Without a plan, state laws dictate how your assets are distributed, which might not align with your preferences.

Minimizes Family Disputes: Clearly outlined plans reduce the potential for conflicts among heirs.

Protects Loved Ones: Estate planning ensures financial provision for minors or dependents with special needs.

Reduces Taxes and Expenses: Proper planning can significantly reduce estate taxes and avoid lengthy probate processes.

Prepares for Unexpected Events: Life is unpredictable, and an estate plan ensures preparedness for sudden incapacitation or death.

Common Misconceptions

"I'm Too Young to Worry About Estate Planning": Estate planning is not just for the elderly. Unexpected events can happen at any age.

"I Don't Have Enough Assets": Even modest estates benefit from planning to avoid legal complications and protect your loved ones.

Steps to Get Started

Assess Your Assets: Compile a list of all properties, accounts, and valuables.

Determine Your Beneficiaries: Decide who will inherit your assets.

Consult a Professional: Work with an estate planning attorney or financial advisor to create a comprehensive plan.

Review Regularly: Update your estate plan as your life circumstances change, such as after marriage, divorce, or the birth of a child.

Conclusion

Estate planning is more than just a financial necessity; it's an act of care and responsibility for your loved ones. Taking the time to create and maintain an estate plan provides peace of mind, knowing that your wishes will be fulfilled and your family will be protected. Don't delay—start planning today.

19/11/2024

Swap Rates Vs BOE Base Rates What's the Difference?

Many of my clients ask if fixed rates are likely to decrease due to recent BOE announcements.

So how does it work?

Swap Rates: Interest rates banks use to swap fixed vs. floating payments. These influence fixed-rate mortgages—higher swap rates = pricier fixed deals.

Base Rate: Set by the Bank of England to guide the economy. These directly affect variable mortgages—when base rates rise, so do your payments.

Both impact mortgage costs: base rates adjust variable loans, while swap rates shape fixed-rate pricing. In real terms, I have seen several lenders put their fixed rates up since the base rate reduction whereas variable-based clients should benefit from cheaper rates.

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18/11/2024

02/11/2024

For those who missed the budget - some of the changes:

• Second property stamp duty increasing immediately i.e. from tomorrow this will go up from 3% to 5%

• National Insurance – employees won’t pay more but employers will

• Income Tax – the frozen tax thresholds that the conservatives put in will remain but from 2028/2029 they will rise again with inflation

• Capital Gains – lower rate increased from 10% to 18% and higher rate from 20% to 24%. No change to second property CG which remains at 24%

• Inheritance tax – the current freeze will be extended allowing £325k tax free

• Minimum wage for over 21s increased to £12.21 p/h

• To***co & Vapes to see taxation and increases

• Alcohol increases with exception of draught duty which will decrease

• Fuel duty freeze to be extended

• School Fees – VAT from January 2025

• Planes & Private jets – a typical holiday flight will see an increase of £2 / private jets which is very close to all our hearts I know will see an increase of up to £450 per person!

Housing
• The government will spend £5bn on housing investment in 2025-26, including increasing the supply of affordable housing.
• The government will reduce right-to-buy discounts, and local governments will retain the earnings from council housing sales to allow them to reinvest.
• The government will hire “hundreds of new planning officers” to accelerate housebuilding.

30/10/2024

Well.....

17/10/2024

Hi all, if you are thinking about buying property or refinancing have a quick read:

This info came from an established lender yesterday - Inflation in September fell below the country’s target for the first time in more than 3 years. Sounds good but what does it mean? Well, costs are still rising but not as quickly as they were, which is a good thing. The announcement arguably increases the likelihood of a Bank of England Base Rate cut in November which may have a positive impact on Lender Rates.
There is no real point in waiting till November – you can lock into a lender now and IF the rates go down there is an option with most lenders to move to the new, lower, rate provided the client is eligible.
Important dates for your diary:
• 30th October – The Budget
• 7th November – Bank of England MPC meeting
• 20th November - Inflation

Thanks for taking the time to scan through, have a magnificent Thursday and a strong finish to the week.