At Primary Financial Solutions, we love a good news story especially when it benefits our clients because of a team member’s hard work.
This story starts with something we deal with regularly at the office, a debt consolidation remortgage. The clients came to us looking for help and our Senior Advisor, Ian, went out to visit them at their home. After completing his initial fact find, he was confident we would be able to help them rearrange their mortgage and consolidate their debt – this alone saving the client £1700 per month!
When Ian submitted the case to the Lender they required both applicants on the mortgage to have a pension due to being in retirement age at the end of the mortgage term. Our Financial Planner, Nick, was booked in to see them and arrange a pension to ensure that we were securing their financial future. When meeting Nick for the first time, the couple explained how they had experienced financial difficulties in the past and did not have the confidence, nor the need, to meet with a Financial Planner. They were under the impression that they had a small pension with the husband’s employer and estimated this to be worth approx. £25,000. After Nick’s initial conversations with the client he began to understand the client’s circumstances further and felt that as the husband had worked in senior roles for the majority of his adult life and, unfortunately, been made redundant three times throughout his career, there would, more than likely, be more pensions in the background that had been forgotten over the years.