Hi I'm not sure where to post this so hoping it's ok.

We have a part interest and repayment only mortgage and not sure what to do!

Also my husband and is in a work based pension but would like to know how or if he can increase it.

We have rang a few places but still not really found out what's best to do.

Can anyone advise the best route as we are considering an independant financial advisor but do they cover all the things like mortgages, pensions and some debt(credit cards, loan) advice would be great, thanks

Think you will find financial advisors will want to sell you something, for which they will charge fees.

You mention a lof different things without giving any information.

It might be best if you saw someone locally relating to each different aspect.

E.g are you looking to change mortgage, see a mortgage brokers with access to whole of the market.

How are you going to pay off the mortgage when it reaches its end date, if you are only paying interest on part of the loan and not capitol repayment.

In regard to pensions, speak to whoever manages the pension fund and not to someone else. If you see a financial advisor, i suspect they will try to sell you something else, which not be as good as topping up any current pension.

In regard to debts, post up more information on the CAG debt page. There is a section about self managing debt.

the pension scheme may allow Additional Voluntary Contributions (AVC's) but for most schemes these cost 3 times a much as the normal pension for the same benefit because you dont get the employer or ther taxman chipping in but they can still be beneficial depending upon hubby's age and how much you want to put in.

As for mortgage the first people to talk to are your current mortgage provider and see whether transferring to a repayment mortgage for the whole sum is doable on your income

Lots of questions need to be asked,

how long do the mortgages have left to run,

are there exit penalties if you change them,

can you afford to pay a higher amount to cover the capital payments etc.

Do you pay for life cover with the mortgage? Hubby's work pension death benefits mean that this will most likely be unnecessary so you can see about reclaiming any premiums paid over the years and ahve that knocked off the capital balance as well.

@unclebulgaria67

Thanks for your reply will get hubby to speak to who his pension is with!

@ericsbrother;

Our life insurance is separate. If we alter mortgage at the moment there will be charges so will probably see what can be done when this runs out. Thanks