We offer unbiased, fully researched financial advice - we are not tied to any insurance or investment group. This enables us to offer you the best possible solution available to fullfil your financial aims and objectives. We offer non investment protection products e.g. term assurance, income protection and critical illness from a range of insurers.
We aim to get you the most cost effective policy without compromising your protection. We offer an independent mortgage advice service. We will research the whole mortgage market and recommend a mortgage product that best suits your current circumstances. Gather and analyse personal and financial information about you and your aims and objectives.
We aim to get you the most cost effective policy without compromising your protection. We offer an independent mortgage advice service. We will research the whole mortgage market and recommend a mortgage product that best suits your current circumstances. Gather and analyse personal and financial information about you and your aims and objectives.
Services
Why use a buy to let mortgage
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If you want to purchase a property for rent and require a mortgage you will need a special kind of mortgage called a buy to let mortgage. These mortgages differ in one particualr area, and that is affordability. The lender will assess affordability based on the loan to value (the amount of deposit put towards the purchase) the the likely rent achievable, or rental yield.
How do they work
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A home equity release scheme enables you to raise cash against the value of your home with repayment falling due on your death. To qualify you have to own your home, have no or very little mortgage on it and you'll have be at least 55 years of age. Your home will have to meet certain criteria, such as structurally sound, and may need to be of a minimum market value.
The different types available
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A lifetime mortgage is where the provider advances you a loan based on your age and property value (your home) as a mortgage. The interest payments are charged every month as you would expect from a mortgage but added to the loan. Upon your death the loan and added interest payments become payable, normally out of the proceeds of the sale of the home.
What to consider before going ahead
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Provider charges - can be high. Life time mortgage interest rates are normally higher than standard mortgage rates. This results in comparatively high interest payments that soon swell the loan when added to it. This will reduce any residual estate available to your hiers. Early repayment charges - again, can be high.
What is a mortgage
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A mortgage is a financial instrument used to complete the purchase of a residential or commercial property. Normally the purchaser, whether that be a private individual or business, is required to pay a percentage of the property purchase price as a deposit with the balance covered by a mortgage.
Mortgages are offered by large financial institutions, such as banks and building societies, with terms typically ranging from as little as 5 years up to 35 years.Over this term the purchaser is required to repay the loan underlying the mortgage normally by way of regular payments of at least the interest.
Mortgages are offered by large financial institutions, such as banks and building societies, with terms typically ranging from as little as 5 years up to 35 years.Over this term the purchaser is required to repay the loan underlying the mortgage normally by way of regular payments of at least the interest.
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