Financial advice for individuals in Hendon and North West London

Protecting the people most important to you

At Barry Duggan & Co we have been around long enough to see most things, and financial products are often most useful when they protect our families and our incomes. Insuring ourselves against death or sickness is something that many of us simply don’t like to think about or discuss. However we encourage all our clients to consider the options available. There are many ways an individual can protect themselves or their entire family and because we are independent, you get access to an extensive range of products, which means there is almost always a policy that fits your circumstances.

Some of the tough questions we don’t like to answer

Here are just some of the questions that we encourage customers to consider – many have been very grateful they did.

  • What would happen to my family if I were to die unexpectedly? Would the surviving spouse and children have enough to live on? Would the mortgage be re paid?
  • What will happen to my family and me if I were diagnosed with a critical illness? (i.e. Heart attack, cancer) Would a tax-free lump sum help reduce the blow?
  • What would happen to my family and me if I were unable to work for a prolonged period of illness or accident? Would my salary cease in such a situation?

We can advise you on all aspects of financial protection including;

  • Term assurance
  • Critical illness
  • Income protection
  • Whole of Life Cover

Independent mortgage advice in Hendon and across London

We are independent mortgage advisors offering information on all lenders. So whatever your mortgage needs, we are able to provide you with full details of all the products currently available on the market.

With over 2,000 mortgages on the market, as a borrower, it can become very frustrating if you don’t get the right product to suit your specific needs. For example, self employed, unsalaried directors, or credit searches can often bring unforeseen complications to applicants. We are able to search the whole of market to enable you to choose a mortgage that best suits your needs.

The lender generally remunerates us, although alternatively, you may wish to pay a fee. Your home may be repossessed if you do not keep up repayments on your mortgage.

Holistic financial planning in Hendon and North West London

Barry Duggan & Co offers a holistic financial planning service that enables us to investigate a number of different areas and combine the results to shape your financial strategy:

  • Understand what you have

We use a comprehensive client profile, sometimes called a “fact find” to ascertain your current circumstances prior to starting the actual financial planning service.

  • Understand what “risk” means to you

Areas we commonly look at are; losing income due to illness, retirement changes, tax rises and changes, partner dying. We also analyse the investment risk that you are prepared to undertake, this normally refers to the volatility of investments.

  • Understand what you want and what goals you have?

If you know the direction which you are going in life, it makes it a lot easier to get there! What are your financial objectives, maintenance of your standard of living in retirement, investment planning, long-term savings, providing for your children’s education and reducing your tax liability?

  • How do we achieve your goals?

We will discuss your objectives and create a financial plan to help you achieve these goals. The plan can be as simple or as complex as you like. If you create a financial plan you are more likely to achieve your goals.

  • The sooner the better!

An investment of £7,200 each year at age 40 into equity based ISA with a net return of 7%, would produce at age 60 a projected fund of £199,268(after allowing for inflation at 4%). You would have invested a sum of £144,000 and made a profit of £55,268.

  • Make a Will

A Will ensures that your money goes to the people to whom you want the money to go and in the most tax efficient manner.

  • Pay off your debts?

Mortgages and other debt interest are at historic lows, but inflation is too, so the real cost is virtually the same. Paying off these debts will free up more income and allow you to save more later.