Buying a property is a very major decision and will veery often highlight other issues such as Insurance and Family/Partner Protection. For the LGBT Community, this may be even more important where legal partnership protection is not yet in place. When purchasing a property, as well as the Insurance on the property itself, it will be important to consider Life Insurance needs and potentially also protection to cover the eventuality of not being able to pay the mortgage, e.g. as a result of loss-of-earnings. For LGBT purchasers, it will also be important to consider possible additional Partner Protection, in particular if same-sex couple legal protection does not apply in the Country in which you are purchasing. Many prefer to discuss such issues with Advisers who understand and respect their Life Style. For more information, click here and request information on finding an Adviser.
Getting a mortgage for your property purchase is an important consideration. For LGBT purchasers buying with a partner, there may be additional issues to consider such as protection, in particular where a same-sex partnership is not recognised. Many LGBT people also like to talk to a Mortgage Adviser who understands their issues and has access to mortgages from providers who cater to the needs of LGBT clients. For more information, click here and request information on finding a Mortgage Adviser.
Research in the UK has found that LGBT retirement can have a significant premium attached to it, as locations with a thriving LGBT Community are very often also more expensive. Buying a property (and particularly a holiday/retirement home) is very often the time to consider your future and planning for retirement as your property may form an important component of this. It will be important to get advice from an Adviser that understands your situation and retirement aspirations. Buying a dream home for retirement is something that will need to be afforded when you eventually retire and it will be important to consider this as well as the property itself. For more information on finding an Adviser, click here.
Purchasing a Holiday Home (which could potentially also be a later home in Retirement) may add further issues to consider. Getting localised advice is important and it might also be a time to consider future Life Plans, including retirement planning, in particular if this is a place you would like to retire to. As an LGBT purchaser, it is critical to understand how current laws in the location you are buying in may require additional planning. For more information, including possible no-obligations mortgage quotations, click here and request being connected to an Adviser.