Tom Hutchinson - Mortgage, Protection & Finance specialist

21/03/2023

🏡 Mortgage offer received today for a struggling client saving over £600 a month by refinancing credit card debts from 29% to 4.59%

🏡 Option to overpay mortgage to reduce term!

🏡 If you are struggling in these difficult times and have a mortgage, you can call me for free advice to discuss options!

❤️ I love to help people who are struggling with their finances, don’t be afraid to ask!

07772789552

14/03/2023

Mortgage Update -

🏡Rates seem to have levelled out with base at 4%, we are now seeing decent margins on 2 year fixed again with them not panicking rates will go through the roof!
🏡Please be aware, underwriting is becoming more stringent! Banks are conducting extra due diligence and affordability has tightened up significantly across the board on both residential and buy to let’s!
🏡Having a knowledgeable mortgage advisor has never been more important to find the best deal for your personal circumstances!

Free Mortgage Advice 07772789552

27/01/2023

🤬I am seeing more and more now people getting CCJ's for parking tickets which has in some cases ruined their application for a mortgage, as they could not afford the higher interest rates from second tier lenders!
🤬This can ruin your credit for 7 years, making it difficult to secure affordable loans/mortgages and even secure a rental property which is also becoming more and more difficult!
✅It is extremely important you have a good credit score, more so now than ever!
🤬CCJ's are also being applied by utility & media providers!!!

This is disgraceful, it shouldn't be allowed! Paying a parking ticket has nothing to do with your credit score, nor does a disputed bill for your internet/media subscriptions!! Its typical of this country and the way things are heading!

As much as you might not want too, if you get a ticket, just pay it straight away at the reduced rate as it could one day stop you from buying your dream home.

27/01/2023

🤕This is a post especially for anyone who is 1️⃣ In a manual job role 2️⃣ The self employed 3️⃣ Anyone in a job role with only statutory sick pay = £99.36 per week !!!!
🤕This is my clients leg, he fell accidentally walking up some concrete steps, broke his leg in 3 places and will likely be off work for 6 months at least, as he is an electrical engineer!
🤕I did his 1st Mortgage Purchase December 21, I advised him he would be financially vulnerable if he was off work because of sickness or injury, as he was only entitled to statutory pay, which wouldn't even cover his mortgage!
🤕12 months later this happened, falling on some steps, it really can be something so simple!
🤕His policy is £20.56p/m and pays him £1,100 tax free per month for up to 2 years meaning he will be able to pay his mortgage bills & groceries whilst he recovers properly so he does not have to rush back to work early!
🤕His policy will not increase when he does go back to work so he will remain covered if he is unfortunate enough to be off work again due to accident or illness for a prolonged period.
🤕This policy pays out for any reason you are unable to work due to accident sickness and/or injury, including mental health issues!
🤕We all think that nothing bad is going to happen, until it does!
🤕£20.56 is one less take-away a month, premiums and policies vary depending on a number of factors!
07772789552 to review your financial situation, receive free advice and a quote on Income Protection!

26/01/2023

❤️ Life insurance is not a nice topic, it forces us to consider the worst case scenario! However, it is imperative to do just that if you have a family and/or financial commitments! Failure to cover your family in a worst case scenario can be catastrophic and result in your spouse/children losing their home along with their parent!

❤️ If like so many others you don't know where to start, "How much do I need? How long for? What type?" Don't worry, I will provide a free review to set your mind at ease.

❤️Your personal circumstances determine how much cover you need! I will tailor specific policies based on your circumstances to keep within an affordable monthly budget which YOU determine!

🤬Be wary of any "broker" who applies cancellation fees for their service! There should never be a cancellation fee for the service offered by a legitimate insurance broker!

07772789552 to speak with a trustworthy independent mortgage & protection specialist who will give you free no obligation advice!

25/01/2023

My new business page up and running as the old one was hacked unfortunately!

Any existing clients with renewals due this year, I will be contact you well before your renewal date to make sure I get you on the best possible deal!

Rates have obviously increased exponentially from 2 years ago when your mortgages were arranged, so it's imperative I get you the cheapest deal available whilst you try to adapt to the new increased rates which look like they are here to stay for the foreseeable!

If you or anyone you know is worried about their upcoming mortgage renewal's or mortgages in general, contact me to arrange a free advice call.

Thanks

07772 789552

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25/01/2023

UK Mortgage Outlook 2023
🏡 1.3 million fixed rates deals due to end - current average interest rate below 2% - New fixed rate products averaging 6% - If you fall in this category you should seek advice from a Mortgage Advisor to secure the best possible deal available for your current circumstances!
🏡 FCA currently drafting guidance for lenders to allow homeowners to temporarily switch to interest only if they are struggling to make mortgage payments! This should ease some anxiety for people who are genuinely worried about loosing their homes!
🏡 Tracker deals are proving to be attractive to some customers who are willing to take a risk of their mortgage payment potentially increasing, or decreasing depending on rate changes! With some lenders offering a margin of only 0.24% above base rate (3.74 combined) it’s clear to see why more homeowners are willing to take a chance on a tracker/variable rate, especially as the early repayment charges are only a small fraction of standard early repayment charges, in some cases there are none at all! So if you felt you wanted to change back to a fixed rate deal it’s much easier and cheaper to do this from a tracker/variable rate mortgage.
I offer free advice on all things Mortgages Finance and Insurance, If you are worried about the future of your mortgage, or know anyone that you feel may need advice, feel free to contact me on 07772 789552

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