What Midas Can Offer

We offer a diverse range of financial services tailored just for you. From optimizing investments to securing your future with pension and life assurance solutions, our experts are your partners in financial success.

Investments

Mortgages

Life Assurance

Pensions and Retirement

Numerous individuals hold outdated views on pension planning and retirement. The evolving financial landscape now prompts investors to explore a diverse range of options, including Buy-to-Let property investments, ISAs, and Personal Portfolios (OEICs), in addition to traditional pensions for income during retirement. Recent shifts now highlight the importance of aligning retirement income with tax breaks, making strategic planning essential to ensure overall income requirements are met in the most tax-effective way.

We specialise in providing guidance on:

  • Self-Invested Personal Pensions
  • Stakeholder Pensions
  • Phased Retirement and Income Drawdown
  • Executive Pensions & Small Self-Administered Schemes
  • Employers’ Schemes & Workplace Pensions
  • Annuities

Inheritance Tax Planning

Inheritance Tax Planning is a strategic approach to safeguarding your wealth for future generations. Our services focus on minimizing tax liabilities on your estate, ensuring that your loved ones receive the maximum inheritance. Explore the peace of mind that comes with thoughtful Inheritance Tax Planning, designed to protect your assets and create a lasting financial legacy for your heirs.

Our investment expertise is your pathway to financial growth. We meticulously assess your attitude to risk, capacity for loss, leverage tax opportunities, and understand your income and growth preferences. Through a comprehensive review of your financial position and goals, we craft personalized recommendations. Whether you’re seeking wealth accumulation or a reliable income stream, our guidance is designed to align with your unique aspirations, ensuring a prosperous financial future.

Our recommendations may include:

  • Portfolio Management
  • On and Offshore Bonds
  • ISA Planning
  • Inheritance Tax Planning
  • Open Ended Investment Companies (OEICs)
  • Unit Trusts
  • Investment Trusts

Our expert advisers bring extensive knowledge to the forefront, ensuring you access the best mortgage products available in the market. Operating with a strong sense of integrity that defines our every action, we guide you through the mortgage landscape with transparent advice and tailored solutions, ensuring you confidently achieve your homeownership goals.

Mortgage Types

Capital Interest

Your monthly payment covers both the borrowed amount and the interest, guaranteeing complete repayment by the end of the mortgage term, usually around 25 years, depending on your age. Unlike interest-only mortgages, this ensures a gradual reduction in the loan amount over time. It’s important to note that your monthly payment may change with fluctuations in the mortgage interest rate. Therefore, it’s crucial to plan for potential increases in interest rates to maintain affordability.

Interest Only

Typically requires monthly payments covering both the borrowed amount and interest, ensuring full repayment by the specified term’s end, usually around 25 years. In some cases, lenders allow payment of only the interest, with the borrower responsible for repaying the mortgage at term’s end, often using a savings vehicle like an ISA or pension. Similar to a capital repayment mortgage, the monthly interest payment may rise with an increase in the mortgage interest rate, requiring careful financial planning.

Flexible

A flexible mortgage allows for both underpayment and overpayment of the loan to adapt to changing circumstances. Additionally, it offers the option to build up a cash reserve, providing the flexibility to withdraw funds for various purposes or financial emergencies.

Variable

A variable rate mortgage ties your monthly repayment to the current interest rate, which may fluctuate based on the lender’s standard mortgage interest rate or the Bank of England Base Rate. It’s crucial to engage in careful budgeting to ensure that future affordability remains manageable.

Discount

A discount mortgage offers an initial interest rate lower than the standard variable rate for a set period, typically two years. Often employed as a marketing strategy to attract new borrowers, this option can be particularly beneficial for professionals and younger practitioners anticipating an increase in earnings during the discount period.

Fixed

Opting for a fixed-rate mortgage, spanning typically two or five years, proves beneficial for borrowers seeking assurance in their monthly repayments or managing limited income with high expenses. While predicting future interest rate movements is challenging, it’s essential to note that fixed rates are often set in the lender’s favor. Therefore, careful consideration is crucial when deciding whether it’s worth paying a fee. It’s important to acknowledge that choosing a fixed rate often entails sacrificing some flexibility.

Equity Release

In later stages of life, equity release through Lifetime Mortgages is a strategic option we employ to unlock the value of your property. This involves securing a mortgage against the home’s value, with no monthly repayments. Instead, interest accumulates over the loan’s duration and is settled when you move into long-term care or upon passing away. At that point, the property is sold, and the lender is repaid. Interest rates can be fixed or capped, and while there’s a possibility that the loan may exceed the property’s value due to accruing interest, SHIP’s member schemes offer a no-negative-equity guarantee, providing reassurance and financial security.

Whole Life

Whole life assurance policies offer coverage for the entirety of an individual’s life, without a predetermined period. Premiums are either guaranteed or subject to review at scheduled intervals. This type of coverage is commonly utilised for inheritance tax planning. In such scenarios, policies are typically structured on a joint life, second death basis and are often written in trust.

Term Assurance

Level Term

Level Term insurance guarantees a set amount for a specific period, with a fixed premium from the offset.

Convertible Term

A variation of level term, convertible term life assurance comes with the valuable choice to convert the policy to either an Endowment or Whole of Life assurance at regular premium rates, regardless of any changes in the life assured’s health. This option guarantees insurability for life, which can be especially advantageous for someone who might become uninsurable later on. It’s an excellent additional choice for those foreseeing a need for additional cover in the later stages of life.

Decreasing Term

Decreasing term life assurance, seen in both mortgage protection and family income benefit, differs from level term insurance. In this type, the sum assured decreases throughout the contract’s term, making it ideal for situations where the risk or liability decreases over time. As a result, it is the most cost-effective form of life assurance.

Mortgage Protection

Mortgage protection is typically chosen to safeguard a mortgage, aligning with a decreasing sum assured that mirrors the capital repayment over the loan term. It’s crucial to use the correct interest rate when calculating the initial sum insured, ensuring it corresponds with the loan or mortgage interest rate. This precaution guarantees the full repayment of the loan in case of a claim.

Income Protection

Income protection is a vital financial safety net, providing individuals with a reliable source of income in the event of illness, injury, or disability. This insurance ensures financial stability by replacing a percentage of your salary during challenging times, allowing you to maintain your lifestyle and meet financial obligations.

Critical Illness Cover

Critical Illness Cover is a crucial form of insurance providing financial support in the face of severe health challenges. This coverage ensures a lump sum payment upon diagnosis of a specified critical illness, helping individuals navigate medical expenses, lifestyle changes, and other financial burdens. Explore the security and peace of mind that comes with Critical Illness Cover, safeguarding your financial well-being during unforeseen health crises.

Private Health Insurance

Private Health Insurance is a comprehensive solution for your healthcare needs. Offering access to private medical facilities, faster treatment options, and a range of personalized healthcare services, it provides a safety net for unforeseen medical expenses. Discover the assurance offered by Private Health Insurance, ensuring timely and quality healthcare tailored to your individual needs.