Other imp issues content

Question 1

Mort

Answer 1

1. App no rep veh to cl mort
2. Rec sw CR to ensure cl end 18yr
3. As bal red pay less int, also less risk ensur rep
4. As lower rate av & no ERC rec swit
5. NW 5yr fx 2.88
6. £995 arr fee added, worthwh cons save below, and pmy guar ev >rates
7. Tr sim rates av, but fx bett op cons circ and A risk
8. £1121 sav £143 if just swit CR
9. Inc £537, but cov by 750
10. Wth while, oth raise £200k in 18
11. Save £85k over rem term

Question 2

Inv Bond

Answer 2

1. £18k Req fur info – full rev

2. 5% tax free may also sup ret

Question 3

Unit Trust

Answer 3

1. £38k, fur info, full rev
2. Prom ade to swit – diversification
3. Poss suit sup uni if app, or ret
4. Ensure don’t encash gains > £10600 pa