+ Medical mortgages

Will my pensions’ growth still be skewed by inflation?

The recent NHS consultation confirmed that the date the 2015 pension scheme is revalued each year will now be on 6 April rather than 1 April. This will remove the valuation anomaly producing skewed pension growth and subsequently, larger pension tax payments.

What is the latest on the McCloud Remedy?

In March, a further 12-week government consultation was launched (McCloud part 2) to discern how the McCloud Remedy will be implemented. To recap, the remedy is the plan to alleviate the deemed age discrimination caused by moving some members to the 2015 scheme.

Affected members will be able to choose between remedial benefits from their new scheme or from their legacy scheme for their service during the remedy period which is between 1 April 2015 and 31 March 2022. The remedy is due to be implemented from 1 October 2023 but it is believed there have been significant delays to the legislative paperwork needed.

Here to help

If you have any queries concerning the regulatory changes announced in the Budget or in the NHS consultation, please do speak with your adviser who will be happy to discuss your own position.

Beulah said: “We’re really pleased to be helping so many doctors with their property concerns. You need to find a mortgage adviser who understands your remuneration package and complex income streams, plus they need to explain these to lenders.

“You may also be looking for high value properties that would normally result in a smaller group of lenders and want to broaden your search.

“Whatever stage of your career, whatever property you are looking to purchase, we can ensure a smooth process and a happy result.”

Our mortgage specialist Beulah Antonin will now provide mortgage advice to our clients through our sister company Charterhouse Mortgages and Protection.

Beulah and her team are experts at helping doctors find the right mortgage whether it’s a new home, a retirement project, an investment asset or a first-time purchase to help children. They understand how medical income should be treated in terms of securing the best deal for your purchase.

Beulah has also received incredible scores on the VouchedFor website for her work. Here’s one of her recent reviews: “Beulah was brilliant. From the outset, communication was fantastic, she was quick to respond to all of my queries and gave great advice about mortgage options available. She has a lovely manner, is very patient, friendly, and has a remarkably calming influence. I couldn't fault her.”

For a complimentary consultation regarding your mortgage or indeed, our protection products, please contact Beulah on beulah.antonin@medicalfamilyfinance.co.uk or 020 7252 5765