Do a financial health check and midlife needn’t mean a crisis

A quick glance at the bank balance, let alone a credit card bill or mortgage statement, is enough to throw many middle-aged people into a crisis. Money just seems to disappear. Whatever happened to the spacious home you dreamed about? The pension pot? The fund you were going to set up for the children’s university fees?

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As for university, the typical graduate of an English university, under the £9,000 fees regime, owes an average of around £44,000, according to thinktank the Sutton Trust. And after graduation, and a boomerang back into the family home, getting them on to the property ladder is a concern. The Halifax issued data showing that the average deposit paid by a first-time buyer increased by 13% in 2015 to £32,927.

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