Products
At Lima Financial Services provides you with a full financial planning service using our experienced team of qualified financial advisers.
At Lima Financial Services we can cover all areas of financial planning including retirement planning, investments, estate planning, family and business protection, and mortgages and loans.
Your mortgage:
There are hundreds of mortgages available.
Do you know which mortgage is right for you? Is your current mortgage your best option? Lima Financial Services can help you with all your mortgage needs.
Your home may be repossessed if you do not keep up payments on your mortgage.
Lifetime mortgages - You worked hard to buy your home. Is it working hard for you in retirement?
Are you retired or approaching retirement? Are you perhaps facing a stark time in retirement because you have insufficient funds? Don’t worry as there is a potential solution: a lifetime mortgage or equity release.
This is a lifetime mortgage. To understand the features and risks of lifetime mortgages ask for a personalised illustration.
Protection - Are your dependents financially secure if anything happens to you?
Protecting the family is often a long way down people’s list of priorities, when it ought to be near the top. How would your dependants cope financially if your income just stopped? This might be because you die too soon or because illness prevents you from working.
This will probably never happen, but if it did there is no need to leave your dependants in financial distress. It will probably surprise you to learn how cheap it can be to ensure your dependants are financially secure should the worst happen.
A discussion with your Lima Financial adviser will reveal exactly how much protection you need to ensure, at the very least, that your dependants never need worry about paying the bills.
If you’re unable to work - Will you be able to pay the bills if illness or accident stops you working?
If you’re like most people, you work not for the love of working but because you have bills to pay. Have you considered how you will pay those bills if illness or accident prevents you from working for a lengthy period?
Talk to Lima Financial Services about how you can protect your income. We will assess what income you will need, taking into account any sick pay your employer provides, and design a solution to suit you.
If you fall seriously ill - Serious illness can devastate you earnings potential – how will you cope if that happens to you?
There is sickness and there is serious illness. Sickness keeps you off work for a while; serious, or critical, illness means you might never work again. Unfortunately, if this happens, the bills don’t disappear even if your income does. Suddenly, you’ve not just got the worry of your illness; you also have the stress of paying your mortgage, credit cards, school fees, car loans and other expenses.
You can’t always prevent a critical illness but you can do something about the financial impact that this can cause. If you don’t have to worry about money you can concentrate all your efforts on getting better.
Your retirement - A comfortable retirement requires careful planning. Do you know what retirement has in store for you?
Is your vision of retirement about pursuing your hobbies, travelling to those places you never had time to visit when you were working, or is it just about taking a well-earned rest?
Whatever your idea of retirement, it’s not going to pay for itself. Retirement needs careful planning and the sooner you start the better.
Planning your retirement is more than just putting some arbitrary monthly amount into a pension plan. Retirement planning is about assessing the retirement you want, understanding how much it will cost and working out what you need to do now to build the retirement fund you need. And, together we need periodically reassess your situation to ensure things stay on track.
Your savings and investments - We all need to save whether to pay for the unexpected or to fund a longer-term goal. Are your savings in order?
Everyone understands it is important to save for the future. This might be for a specific purpose or purchase, or just for a ‘rainy day’. However, doing something about it is not always at a top priority.
You may have resolved to start saving but do you know how best to go about it? Even if you are already saving, are you doing it in the most tax-efficient way?
When we talk to you about saving and investing we will discuss with you such things as why you want to save and for how long, whether you want to save regularly or invest a lump sum, your taxation position and your attitude to investment risk. It is not possible to recommend the right way for you to save without doing this.
When we do recommend an investment strategy to you it doesn’t end there. It is just as important to review your savings and investments regularly to check that your priorities haven’t changed and that your investment strategy is still the right one.
Your estate planning - Will your estate go to the people you want it to go to? Could your beneficiaries be in for an inheritance tax shock?
There are two strands to estate planning: making sure the right people benefit from your estate and ensuring you don’t leave them with an unwanted tax bill. Not planning means you relinquish control over who benefits, to the State, who will decide who gets what. And, if the value of your estate exceeds £312,000 (in the 2008/09 tax year), the State will claim 40% of any excess via inheritance tax.
Many people don’t think of themselves as rich and therefore make the mistake of thinking they can’t possibly have an inheritance tax problem. This may have been true a few decades ago but we now live in an age of widespread home ownership and inflated property prices: a house on its own can take you over the inheritance tax threshold. Fortunately there are steps you can take before you die so that after you die your beneficiaries don’t have to sell chunks of your estate to pay what can be a significant tax bill.
And, to make sure those beneficiaries are your chosen beneficiaries, rather than those decided by the State, you must have a valid will. There are no circumstances where you don’t need a will.