A A A | | follow us on twitterfollow us on facebook

Pensioners and mortgage guarantees

Created by Margaret Stone in Retirement and pensions

سعر الذهب go to site Since posting the news story on our forum about the Liberal Democrats promising that middle-class grandparents will be able to use money from their pension funds to give grown-up children a deposit to get on the housing ladder, we’ve had quite a reaction. Former Money Doctor for the Daily Mail, Margaret Stone, shares her views with us.


http://investingtips360.com/?klaystrofobiya=%D9%83%D9%85-%D9%85%D9%88%D8%AC%D9%88%D8%AF-%D8%AD%D8%A7%D9%84%D9%8A%D8%A7-%D9%81%D9%8A-%D8%B3%D9%88%D9%82-%D9%85%D9%86-%D8%A7%D8%B3%D9%87%D9%85-%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D8%A8%D9%84%D8%A7%D8%AF-%D9%A2%D9%A0%D9%A1%D9%A4&a13=09 There are certain policy ideas which deserve to die before they ever get off the ground, and the Lib Dems’ proposal that grandparents should use part of their future pension pot as a mortgage guarantee for the grandkids is one of them.

http://theshopsonelpaseo.com/?syzen=%D9%85%D9%88%D8%A7%D9%82%D8%B9-%D8%AA%D8%AD%D9%84%D9%8A%D9%84-%D8%A7%D9%84%D8%A7%D8%B3%D9%87%D9%85-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9&548=3a مواقع تحليل الاسهم السعودية  

http://www.livingwithdragons.com/?printers=%D8%A7%D9%84%D8%A7%D8%B3%D9%87%D9%85-%D8%A7%D9%84%D8%A7%D9%85%D8%B1%D9%8A%D9%83%D9%8A%D8%A9-%D9%85%D8%A8%D8%A7%D8%B4%D8%B1&2b4=98 At retirement, a prospective pensioner is allowed to commute 25% of the funds in his or her pension into a tax free lump sum. Short of winning the lottery, it’s usually the last chance the grandparent generation has to get their hands on a chunk of capital, a rainy day fund for their future.

متاجرة الاسهم عبر الانترنت  

source url pensioners_2242043bNow Nick Clegg is telling grandparents that before they retire, they should sacrifice this windfall by pledging it to youngsters in the family so that they can get their first steps on the housing ladder. Many would-be first time buyers just cannot find the large deposit required, and using the cash lump sum as a guarantee could work, he avers.


http://i3group.com.au/?klykva=%D9%85%D8%AC%D8%A7%D9%86%D8%A7-%D8%AB%D9%86%D8%A7%D8%A6%D9%8A-%D8%A7%D9%84%D8%A8%D8%B1%D9%85%D8%AC%D9%8A%D8%A7%D8%AA-%D8%AE%D9%8A%D8%A7%D8%B1%D8%A7%D8%AA-%D8%A7%D9%84%D8%A5%D8%B4%D8%A7%D8%B1%D8%A7%D8%AA&3f7=4b Sorry, Mr Clegg, that’s not what the pensions experts say. They are fairly unanimous in pouring scorn on his proposals both for practical reasons and, equally importantly, the moral issues involved.

ثنائية الخيار آلة حاسبة التفوق  

click Standing as guarantor sounds so simple, but how many grandparents will realise that they will be taking upon themselves an obligation from which there will be no escape if the grandchild subsequently defaults on the mortgage. And in times of recession this will, inevitably, happen in some cases. If the keys are handed back in, the lender will come knocking on the door of granddad and grandma for that deposit they pledged from their pension pot in earlier years.

go site  

go to site The grandparents most at risk will not be the wealthier ones. For any grandparent with other resources, there are far better ways to help with a grandchild’s mortgage – and to cut down on inheritance tax liabilities into the bargain.


كيف تربح أموالا إضافية فى المنزل No, it is the grandparents of modest means, who can least afford it, who are being targeted. The Lib Dems believe around 250,000 people have a pension pot of around £40,000, each with pension commencement lump sum of 25%, or £10,000. It is quite wrong that such families should be subject to the emotional blackmail of being ‘told’ to make financial sacrifices.


خبير الفوركس And there are plenty of practical reasons why this half-baked idea which, according to the Lib Dems is only likely to benefit some 12,500 grandchildren, should be allowed to fizzle out.


go to site The law would have to be changed to allow a lender, bank or building society, to take a charge over the accrued rights a person has in his or her pension scheme. And even if the law were to be changed, there would have to be a mountain of subsidiary rulings to determine just who, in what circumstances and when such a guarantee could be given.

أخبار الفوركس الحية  

source link It would, perforce, mean substantial changes being made to the investment portfolio underpinning the pension fund. Any lender accepting a chunk of one’s future pension fund as a mortgage guarantee will, understandably, want to make sure that the money is invested ultra-safely – and if that means cash or equivalent, it also means no capital growth and little income. It will reduce the size of the pension pot and the deposit it is meant to be guaranteeing.


http://theshopsonelpaseo.com/?syzen=%D8%A3%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D8%B0%D9%87%D8%A8-%D9%81%D9%8A-%D8%B9%D9%85%D8%A7%D9%86&8b5=ad It will also add the charges that the pensions industry will be making. These charges are already under attack for being too high, but add another huge layer of administration, monitoring and regulation that this guarantee would involve and charges will rise.


http://theiu.org/?alisa=%D8%AB%D9%86%D8%A7%D8%A6%D9%8A%D8%A9-%D9%85%D9%86%D8%B5%D8%A9-%D8%A7%D9%84%D8%AE%D9%8A%D8%A7%D8%B1%D8%A7%D8%AA-%D8%A7%D9%84%D8%A8%D8%B7%D8%A7%D9%82%D8%A9-%D8%A7%D9%84%D8%A8%D9%8A%D8%B6%D8%A7%D8%A1&a44=22 Finally, it doesn’t address the underlying cause of the young people’s mortgage angst – house prices.



by Margaret Stone




We need to self protect

Since I set up the support group for grandparents who are denied contact with their [...]


Ask Jackie: denied access but wanting to open bank account

Q: Hi, I have a son who is denied access to his children as are [...]


Ask Jackie: special guardianship allowance

Q: Hi Jackie, viagra 40mg  I’m not a grandmother but an aunt who has taken [...]


Are you expecting twins?

We all know how exciting it is when we find out we are going to [...]


Kraamzorg UK to offer lifeline for new mums and dads

Granny to the rescue! Are you worried about how your expectant daughter or daughter-in-law will [...]


A little something for September…

Every so often something goes on the forum that we all think should be shared [...]


Food destination guides inspire us to stay off the chips!

There are certain times in our lives when we want to stick with what we [...]


Have you booked your travel insurance yet?

Why book travel insurance?   Holidays are what many of us look forward to throughout [...]

Austrian Alps150

Summer hiking in the alps

Famed across the world for its supreme skiing, medicine the Alps stretch across thousands of [...]


What to Do If a Child Has an Asthma Attack at School

If getting a call from the school nurse can be unnerving, clinic hearing that your [...]


Top tips on taking care of your grandchildren’s teeth

I am so saddened to see the latest figures for children’s dental decay; three in [...]


Learning Disabilities, Autism and Internet Safety: A Parent’s Guide

A new guide to help parents of children with learning disabilities and autism [...]


Rustic pear and Bramley apple tart

Weather conditions this year have been ideal for the apple harvest and right now is [...]

Patrick Drake150

Moroccan spiced lamb with sweet vegetable stew

Patrick Drake, co-founder and Head Chef of HelloFresh.co.uk commented, “We’ve been hearing all sorts of [...]


Fussy eaters

What’s the fuss? Anyone with children will know that when it comes to eating, for [...]



I found this to be a great all day cream, it was easily absorbed and didn’t leave a sticky residue. [...]



Very thick and luxurious with a pleasant fragrance. Felt more like a special treatment than [...]

Little bird jeans


I received several items from this range to review; a Fairisle cardigan, denim jeans, a long sleeve [...]

Copyright © 2012 Grannynet.co.uk Ltd. All Rights Reserved. Website Design and SEO by Brightenearly Ltd