Podcast: Financial Priorities for Junior Barristers – Part 2

In this second of two bite-size podcasts, we look to tackle mortgages and longer term savings for Barristers.

Barrister Rachel Bale (2019 call, also Director of Her Bar) is joined by financial planning expert Simon Maydon of Saunderson House and mortgage specialist Courtney Flockhart of Henry Dannell.  They address such items as:

• Where barristers can turn for trusted advice for their financial planning
• The challenges of house purchases and mortgages in the current market
• The difficulties of assessing irregular earnings at the Bar when applying for mortgages
• Why using a broker who specialises in advising barristers is helpful for navigating the mortgage markets
• The merits of offset mortgages for managing cash flow, tax retention and maternity leave or other gaps in work
• The use of pensions in reducing mortgage costs
• The tension between shorter term savings for a property and longer term savings such as pensions; and
• The basic principles of starting to save and investing with risk.

The talk also touches on some of the challenges junior barristers face, the stresses of a professional at the Bar and the benefits of paying for quality advice.

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