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Mortgage

Mortgages

Warning

Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. Think carefully before securing other debts against your home.

Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. Think carefully before securing other debts against your home.

The financial world can be extremely complex
It is not as simple as looking for the lender with the cheapest rate, or insurer with the cheapest premium.

Yes, the interest rate or premium is key as a starting point. However, how might that change in the short, medium or long term?

We undertake a comprehensive review of other key factors that affect the real cost to you.

For example, some lenders charge arrangement fees that can be large enough to make the overall cost of lending unattractive, when compared to others.

Other considerations
It’s important you’re aware of the different features applicable to the many different types of mortgages available on the market. Some of those key features you need to consider are:

Early repayment charges – if you wish to partially or fully repay your mortgage during its term.

Portability of the loan – if you move, you may wish to keep your current mortgage.

Fixed rate – would you benefit by fixing the interest rate with the lender for a set period?

Annual percentage rate (APR) – what is the real cost of borrowing, not just the interest rate charged?

Flexibility – the ability to overpay, take payment holidays, or switch repayment types

Frequency of interest additions – how often the lender calculates and adds interest to your loan, for example daily, monthly, or annually, can affect the cost of your borrowing.

Insurance is very similar – we will advise you so that if you ever need to make a claim, you or your dependants, will receive what you were expecting.

This is why analysing and monitoring the enormous range of products is important. This ensures you get the best solution.

Where we can help you.

First time buyer
You want to get on the property ladder, and own your own home.

Moving house
You need a bigger house, have to relocate or downsize to a smaller property.

Remortgage
You don’t want to waste money by paying more than you should for your current or future borrowing.

Buying to let
You want to invest in property and become a landlord. Or your an already a landlord and want to purchase another property, using the equity in your existing buy to let property as the deposit.

Letting to buy
You want to use your current home to generate an income.

Second home
You need a home for holidays, a split job location or for your child to live in while in further education.

Guarantor
You want to help someone else buy their own home by guaranteeing their loan repayments.

Commercial landlord
You want to purchase or refinance a commercial property. (Via master broker)

Develop property
Your want to build a house or refurbish properties. (Via master broker)

Buy property at auction
You want to buy a house at auction but you don’t have enough cash in the bank to purchase the property.

Mortgage approval
Different circumstances can affect your ability to obtain a mortgage. As you have opted to use our brokerage service. Your chance of approval is greater, no matter how different your financial situation might be. Our private clientele have perfect financial profiles and less than perfect financial profiles. We hope to help people from all financial profiles. We have listed just few examples of those circumstances:

Affordability – You want to purchase a more expensive property, however your income isn’t sufficient, to obtain the mortgage.

Adverse credit – You have CCJ’s, defaults or missed payments on loans or credit cards, so you’re struggling to obtain a mortgage.

Self-employed – Your newly self-employed, trading for one year. You only have one years tax return as evidence of your income.

Retirement – Your a little older and can’t afford to repay the loan before retirement, so need the mortgage term, to run to a later retirement age. Or you’re already retired and require a new mortgage using your pension to support your mortgage.

The mortgage market is extremely diverse in lending criteria. As a broker we know one size doesn’t fit all. This is why our diverse panel of lenders has a variety of mortgage options. Allowing us to help clients with more unusual circumstances. No matter how different your situation might be and not just those listed as examples above. Call us to discuss your situation, we’re here to support you.

Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. Think carefully before securing other debts against your home.

Our Terms of Business will clarify the areas of advice covered by your specific adviser.

Categories
Mortgage

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Categories
Mortgage

Life Insurance

Protecting wealth
You need to protect yourself and your family’s standard of living against the unexpected. Life insurance and critical illness insurance is the most common way to provide adequate financial security for you and your family. Life insurance policies are typically set up to cover your outstanding mortgage balance. The amount of cover can be more or less than your mortgage balance. It depends on your preferences. The amount of cover will be discussed with your advisor in any case. In this example, if we set the policy to cover your outstanding mortgage balance. You have the financial security that your mortgage would be repaid in the event of a claim,

Case study
Basic life cover is the common way to provide cover for the family in the event of your death.

Consider this
Bobby and Judy have a great life.

They have 3 children all financially dependent upon them.

Bobby and Judy have a house and are both in full time employment.

Their household income is around £50,000 yearly.

They use the income to pay the mortgage, loans, credit cards, utilities, car, insurances, mobiles, broadband, etc.

There 3 children have hobbies costing money every month. Such as piano lessons, gymnastics, football training and what ever else.

Bobby and Judy enjoy taking holidays and they take the children away every year.

Like most people they eat out and enjoy takeaways.

Like most the majority of their income is spent on their general living costs.

If either Bobby or Judy becomes either terminally ill or non terminally ill. They would have no way to maintain their lifestyle or their children’s lifestyle. Due to a lack of income from their employment caused by the inability to work as a result of the illness. You can protect yourself against this adverse situation for a premium each month, via basic life insurance, critical illness cover and other income protection policies.

Your adviser will identify, discuss, recommend and arrange the most appropriate protection policy for you, your assets, your lifestyle and your families lifestyle, during your appointment.

Categories
Mortgage

Property Insurance

Protecting your assets
You need to protect your property and belongings against the unexpected, using the most appropriate buildings and contents policy.

Landlords need to protect buy to let properties against unexpected damages using a different type of insurance policy, compared to standard building insurance policies.

It’s important you have the correct insurance policy for your property, ensuring you are adequately covered. Providing incorrect information about your property, could lead to a decline of any future claim.

Our Terms of Business will clarify the areas of advice covered by your specific adviser.