Please note: Our Bolton branch is closed. However, our Newcastle branch remains operational and we are always happy to offer nationwide financial advice and guidance. Our advisers remain contactable at info@b-advised.co.uk.

B-Advised Blog

Getting your financial affairs in order – is now the right time?


Managing your financial affairs may seem like a daunting task. When family and work commitments begin to pile up, you may find yourself pushing your finances to the bottom of your to-do list. Thankfully, our knowledgeable advisors are here to help you get on top of your financial affairs so that they are no longer a cause of unnecessary worry.

In this blog post, we highlight three key areas of personal finance that you should be prioritising right now.

It’s time to deal with your debts

Reviewing outstanding payments such as direct debits and standing orders is a great place to start in getting your financial affairs in order. Debt can prevent you from reaching your financial goals, stop you from qualifying for a mortgage and limit investment opportunities. You will be pleased to know that with us, you’re in the right place for easy-to-understand and practical guidance in managing your financial affairs.

We strive to offer convenient access to financial advice. If you are struggling to manage debt, our knowledgeable financial advisors will work with you offering judgement-free bespoke solutions to help you take a step in the right direction.

Have a look into remortgaging

You can actually remortgage to a new deal or lender at any time. When remortgaging, you must consider interest rates and any costs you may incur from making a switch.

Like many people, you may be worried about rising interest rates. As a result of rising inflation, the base rate significantly increased in 2022 which has had a knock-on effect on mortgage rates.

When your current deal comes to an end, you will be automatically moved to your lender’s standard variable rate which is likely to have a higher interest rate than you are currently paying.

If you are coming to the end of your fixed-rate deal or it has already ended, it is crucial you find a mortgage deal that sees you paying the lowest interest rate for your individual situation. There is a time and a place to remortgage. Our advisors will work with you to find the most suitable solution for you and your family.

Family with young childing paying in their home

Consider family protection insurance

It is important to remember that your financial affairs extend much further than your mortgage. You must consider the support your loved ones require. This includes ensuring your family protection insurance is in order.

Family protection insurance includes life insurance, critical illness cover and income protection. They are designed to ensure your family is protected from financial impact as a result of your death or illness which results in you being unable to work.

Now is the time to organise your family protection insurance, even for those who don’t have a family or a mortgage. Remember, if your income were to stop due to death or illness, your bills would still have to be paid.

For peace of mind, start a conversation about your insurance requirements. Our advisors have access to a wide range of lenders and can make recommendations on the full breadth of products available. Our team is on hand to assist you in choosing the best insurance plan for your individual circumstances.

When it comes to getting your finances in order, there really is no time like the present. Get in touch with our team to book a consultation and get your financial affairs in order today.