Mortgages
Your mortgage is likely to be the biggest debt you will ever incur. Minimising it, or even eliminating it, is often the key to a brighter financial future.
Our Mortgage Elimination Process is a step by step process to help policyholders repay their mortgage in full.
We will help you identify why a review is important, check the market for suitable alternatives and offer professional advice on solutions which will save you money, and perhaps, just as importantly, reduce your anxiety about your mortgage.
First-Time Buyers
Buying a property for the first time can be difficult:
- Finding a property
- What type of survey should I instruct?
- Where do I find a lawyer to act for me?
- How much deposit do I have?
This is just the start and without professional assistance can overwhelm some people. Our mortgage service will lead you through the process speaking in language you understand.
Explaining the costs of the various steps you need to take and help point you towards the surveyor and lawyer who will help you. Generally speaking, we would put you in touch of another small family run business, avoiding the impersonal larger and possibly more expensive firms in the city.
Endowments
Few words are guaranteed to strike as much fear into the hearts of mortgage holders. The endowment shambles has led to many people losing faith in the financial services sector. Our aim is to help you make the right decision for you, and through wise counsel, minimize your mortgage repayments while ensuring you have the guarantee that your debt will be paid off.
Should I surrender, sell, or keep?
The answer is not straightforward. And making the wrong decision now could cost you thousands of pounds. The golden rule is - do nothing until you have spoken to us.
Though endowments have fallen from favour recently, in some cases they are still a valuable product. You could be entitled to a bonus at maturity. The company may demutualise and you could receive a payment. The life cover on offer may not be available elsewhere at a similar rate.
Advice is required. Since you took out the plan your circumstances may have changed and your attitude to risk may have also changed. The one certainty in this minefield is that your situation should be addressed NOW. If you have a potential shortfall it is important to face up to the situation immediately.
Our Endowment Review Service will take the worry of making a wrong decision away and give you a fully costed and informed choice. The Endowment Review is part of the pay-as-you-go Bronze membership of our wealth management programme.
Remortgaging
Anyone with a mortgage has to shop around once the redemption penalty has lapsed.They may be looking to increase their current borrowing to build an extension ,buy a holiday home or repay some other loans.
We would, given that you could be locking yourself into that lender for another 2-5 years, encourage you to seek advice on what is best for you given:
- Your current and potential earnings in the tie in period.
- Your short term debt position, personal loans, credit and store cards. As this may be soaking a high percentage of spendable income. Clearing these debts may help you feel less stress andhave money left over at the end of the month.
Flexible Mortgages have proved popular. Allowing you to offset funds held on deposit to reduce your interest payments. Also, making lump sum or extra monthly payments without a penalty.
Buying to Let
Mortgage finance is readily available for people looking to invest in an additional property or two.
We help you calculate the minimum amount of deposit to put down in order to satisfy the lenders requirements.
There are numerous lenders; all have their own criteria on maximum borrowing, type of property, and number of tenants to name a few conditions. We help you minimise the time searching for:
- The right lender
- The right type of property
- Fixed or discounted mortgage
Property service
We also offer a full property service, picking the right type of property given your risk approach and timescale.
