It can be very tricky navigating the adult landscape and having to sort out all sorts of aspects of life that you may have had no experience of before… which is why you might find it helpful to hire solicitors in Epsom and elsewhere to help you get where you need to be with comparative ease.
But the good news is that you’re not alone in this feeling and new research has just revealed, in fact, that 77 per cent of adults in the UK find themselves left very confused by financial jargon.
The study, carried out by credit report provider Noddle, found that more than six million people have incurred late fees because of misunderstandings around financial products, with 48 per cent admitting that they’re struck dumb by the term effective annual rate, 47 per cent confused about loan-to-value and 35 per cent about compound interest.
“It’s clear that many Brits are baffled by financial jargon. And as innocuous as this may seem, it’s having repercussions for consumers’ finances. Not only are people missing out on favourable rates because of this lack of financial understanding, they are also being stung with unnecessary charges too. Worryingly, a significant minority have even seen their credit score negatively affected,” managing director of Noddle Jacqueline Dewey said.
When it comes to buying a house and getting a mortgage, it’s important that you are familiar with financial terms so you know that you’re getting the right deal for you. But it can be difficult to get to grips with it all, especially if you’re buying your first home by yourself. This is where residential conveyancing solicitors can really come into their own, ready and able to help you make the whole experience easy to understand and as stress-free as possible.
From selling or buying a freehold or leasehold house or flat, obtaining a mortgage or another type of residential property matter, advising you on your right to buy from a landlord or your local council, a solicitor can really help you make your way through the process with ease.
Here at Gumersalls, we’re a small friendly firm of solicitors, offering all the services you would expect to see from a high street firm, as well as having a notary public and a mediator on hand to help you with all your queries. We mainly serve Epsom and the surrounding areas, but we also have clients from all over the world and can accommodate special requirements and needs, catering for people who are less mobile and offering home visits as and when required.
If you’d like to find out more about how we can help, get in touch with us today.