Category Archives: Private Client

I’ve paid off my mortgage, why do I need to discharge it?

February 6, 2019 | Ross Wallace |

Discharging a mortgage

So the day is finally here; you’ve worked hard, made years of payments and now you’ve got that all important letter from the bank/lender confirming that you have fully paid off your mortgage. So pop open the champagne, enjoy the moment and have a think about how you are going to spend that extra money … Read More >>

First-time buyers consider Lifetime ISA for free cash

February 4, 2019 | Ross Wallace |

Lifetime ISA

As most people are aware, the government set up a very generous scheme at the end of 2015 known as Help to Buy ISAs where young people who had never owned a house before (first-time buyers) could save for a house and be given a free 25% bonus on top of their savings when they … Read More >>

Equity Release Mortgages

January 21, 2019 | Katharine Smith |

Equity Release

Why consider an equity release mortgage? The average person can expect to live for around 20 years following retirement and for many people equity release is an attractive option as it offers either a lump sum or a regular income which could be used in a number of ways: To supplement your pension To pass … Read More >>

Legal Rights

January 9, 2019 | Ailidh Ballantyne |

Legal rights

“But I’ve not spoken to my children in 10 years!”  Whether or not you choose to make a Will, there exists what are known as “Legal Rights” in Scotland. Some argue that if they have chosen to make a Will and expressed a clear wish that their children are not to inherit any of their estate, … Read More >>

How Important is the Appointment of an Executor?

September 20, 2018 | Ailidh Ballantyne |

appointment of an executor

When it comes to Wills, most people are focused purely on how the estate will be distributed. Questions such as “have I given enough to my grandchildren?” and “will my spouse be adequately provided for?” are, obviously, very important matters to consider. However, the appointment of an Executor is just as important. Who should I … Read More >>

Funeral Instructions – Do They Matter?

September 5, 2018 | Ailidh Ballantyne |

Funeral Instructions

One of the benefits of making a Will is that you can narrate your funeral instructions and let your family know your specific wishes for your funeral. However, as you will not be here to know if these wishes have been carried out, is it really worth stipulating what should happen to your body and … Read More >>

Changes to Land and Building Transaction Tax Come Into Effect

July 10, 2018 | Katharine Smith |

first time buyer tax relief

The Land and Buildings Transaction Tax (First-Time Buyer Relief) (Scotland) Order 2018 The above Order came into effect from Saturday 30 June 2018. Subject to certain conditions, First-Time Buyer Relief is now available to first-time buyers in Scotland. The relief applies to qualifying transactions where the contract is entered into on or after 9 February 2018 and the … Read More >>

Paying for Residential Care – what you need to know!

July 6, 2018 | Lynne Lind |

paying for residential care

Taking the decision to move, or helping a loved one move, into a care home can be a stressful time. It is important that the financial implications are fully understood. The average rate for residential care in Scotland is £639 per week (£33,228 per annum) and for nursing care is £852 per week (£44,304 per … Read More >>

What is a Living Will?

June 27, 2018 | Ailidh Ballantyne |

What is a Living Will?

What is a Living Will? We are often asked – what is a Living Will? It is: a statement expressing your views about how you would like to be treated in the future a Will of sorts but applies whilst you are alive not after your death essentially an expression of your wishes set out … Read More >>