Ideal Mortgage Advisers LLP

Ideal Mortgage Advisers LLP With over 70 years combined experience we can offer whole of market advice focusing on what is right

Life insurance rarely feels like a priority in your twenties or early thirties, particularly if you don’t have children ...
14/07/2025

Life insurance rarely feels like a priority in your twenties or early thirties, particularly if you don’t have children or a mortgage. But over time, it could become the smartest financial decision you make.

⏰ Buy early
A big advantage of buying life insurance early is the cost. Premiums are lower when you’re healthier and statistically less likely to make a claim. A 30-year term policy taken out at 25 will usually be far cheaper than the same policy bought at 45 and your monthly payments will remain fixed for the length of the term.

🙅 Not just for families
Even if you don’t yet have children or a partner who relies on your income, life insurance can still be useful. It can provide peace of mind if the worst happens, knowing that those closest to you won’t be left paying off debts such as student loans, credit cards or a mortgage. As your life changes, your policy can change too, adjusting the amount of cover you need if you have children, change jobs or move up the property ladder. For most people, the earlier you consider life insurance, the more affordable and flexible it can be. While it’s not essential for everyone at a young age, locking in a policy early gives you one less thing to worry about in the future.

As with all insurance policies, conditions and exclusions will apply

A multi-unit freehold mortgage is for properties where a single property has been split into flats with their own entran...
10/07/2025

A multi-unit freehold mortgage is for properties where a single property has been split into flats with their own entrances, council tax, utilities etc, however, the flats are not on individual leases and therefore the flats are all on the same freehold title.

Most lenders will need to flats to have individual leases, but we have access to some lenders that can consider lending against the whole build and freehold title.

We recently submitted an application where the client inherited a property which was 2 flats within the same house and she wanted to release £250,000 to put towards a new residential purchase she was buying with her husband. The lender, Furness, will lend against the entire building so we were able to help with this slightly more unusual case.

Got a similar situation? Get in touch with the team to discuss:

📞 0117 444 6753
📧 [email protected]
💻 www.imabristol.co.uk/whoarewe

Your property may be repossessed if you do not keep up repayments on your mortgage.
Not all Buy to Let Mortgages are regulated by The Financial Conduct Authority.

It was a pleasure to help you again Michael - thanks for returning to us to help with your remortgage and for taking the...
08/07/2025

It was a pleasure to help you again Michael - thanks for returning to us to help with your remortgage and for taking the time to leave Brian this great feedback.

We recently submitted an application where the client was aged 78 and retired. They wanted to purchase a flat for £435,0...
03/07/2025

We recently submitted an application where the client was aged 78 and retired. They wanted to purchase a flat for £435,000 and needed a mortgage of £210,000. Due to her age and level of pension income, no lenders would be able to consider a conventional mortgage, so we applied for a Joint Borrower Sole Proprietor (JBSP) mortgage with her son through Skipton BS. As long as we do not use any income for the mum, then the loan amount and term will be based solely on her son’s income. We were therefore able to facilitate the mortgage she required, over a 22 year term, so effectively taking her to 100 years old.

Another benefit of a JBSP mortgage would be that the title deeds remain in mum’s sole name to avoid the additional 5% stamp duty for second homes, that would otherwise have applied due to her son owning his own residential property.

The mortgage is in joint names and therefore her son is liable for 100% of the mortgage payment without having any protection of owning the property. Due to this, it’s a requirement from the lenders that the son seek independent legal advice to make sure he’s aware of the implications of being named on a mortgage without being named on the title deeds.

If you’re interested in exploring options with a JBSP mortgage, get in touch:

📞 0117 444 6753
📧 [email protected]
💻 www.imabristol.co.uk/whoarewe

Your home may be repossessed if you do not keep up repayments on your mortgage.

Secondary income, from either employment or self-employment, can be used boost your mortgage application. Lenders typica...
29/06/2025

Secondary income, from either employment or self-employment, can be used boost your mortgage application. Lenders typically require this income to be consistent for 6-12 months, though for some professions a shorter period of around 3 months might be accepted.

It’s vital, however, that this extra income is sustainable; lenders will assess your total working hours, usually capping them around 40-50 hours per week, to ensure it’s sustainable in the long term.

So, if you’ve got additional income that you’re hoping can be used in your mortgage application, get in touch for more info

📞 0117 444 6753
📧 [email protected]
💻 www.imabristol.co.uk/whoarewe

Your home may be repossessed if you do not keep up repayments on your mortgage.

Porting a mortgage is where you transfer your existing mortgage to a new property to avoid paying any early repayment ch...
27/06/2025

Porting a mortgage is where you transfer your existing mortgage to a new property to avoid paying any early repayment charges on the current loan. If any additional funds are required to buy the new property they will need to be borrowed from the existing lender at whatever rates are available at this stage. They will not increase the loan on the current mortgage.

When porting the lenders in most instances will reassess the loan from an affordability perspective as if it were a new application. The term can also be increased, or decreased to meet their needs at that moment in time.

We recently submitted an application where the clients were tied in with Leeds Building Society until August 2026 with an exit fee of £5,125. Whilst current rates are lower than what they have at present, it would be more expensive when factoring in the exit fee to switch lenders than it would be to port the mortgage and apply for additional borrowing.

One of the many benefits of using a broker is that we’ll do all the sums and research for you to make sure you’re getting the best outcome

📞 0117 444 6753
📧 [email protected]
💻 www.imabristol.co.uk/whoarewe

Your home may be repossessed if you do not keep up repayments on your mortgage.

Did you know? 👇Halifax mortgage customers could claim cashback of up to £2,000 for making certain energy saving home imp...
26/06/2025

Did you know? 👇

Halifax mortgage customers could claim cashback of up to £2,000 for making certain energy saving home improvements, such as insulation, solar panels, or a heat pump.

To qualify, you’ll need to:
- apply for a new Halifax mortgage, additional borrowing, or be switching to a new deal, after 31 July 2024
- have a Halifax or Bank of Scotland current account
- complete an eligible home improvement within one year of completing your Halifax mortgage, additional borrowing, or new deal.

It’s as simple as that!

Check out the Halifax website for more info on their Green Living Reward:
https://www.halifax.co.uk/mortgages/help-and-advice/green-living/green-living-offers.html

📞 0117 444 6753
📧 [email protected]
💻 www.imabristol.co.uk/whoarewe

Your home may be repossessed if you do not keep up repayments on your mortgage.

It’s crucial to consider life insurance for the financial security of your loved ones. It pays a tax-free cash sum to yo...
25/06/2025

It’s crucial to consider life insurance for the financial security of your loved ones. It pays a tax-free cash sum to your chosen beneficiaries if you die during the policy term. Some policies also include terminal illness cover, paying out if you’re diagnosed with a condition that leaves you with less than 12 months to live.

What is life insurance?
Life insurance is particularly relevant during significant life events like buying a home, getting married, or starting a family, especially if others depend on your income. For couples with a mortgage, for instance, one partner may not be able to keep up with the payments on their own.

What types of life insurance are available?
🔒 Level term policies pay out a fixed sum if you die within a set period, with the payout amount remaining constant throughout the policy term.

📉 Decreasing term policies pay out a sum that reduces over a set period, typically aligning with a decreasing debt like a repayment mortgage.

How much life cover will you need?
Think about your mortgage, regular expenses, childcare costs, outstanding debts and anything else your income supports. If your policy is to cover a repayment mortgage, a decreasing term policy, where the pay-out gets smaller as your outstanding mortgage shrinks, can be a more cost-effective option.

When should cover start?
Life insurance policies are available from age 18, with many providers capping the upper age limit at around 80. The younger and healthier you are, the cheaper your premiums tend to be, so it often pays to take out a policy when you’re in good health.

It’s also important to be honest when you apply. Failing to disclose medical conditions, or lifestyle factors like smoking, could result in a claim being rejected later. While the vast majority of life insurance claims are paid, being upfront means you’re fully protected.

Speak to us about a new policy or if you’d like to make changes to your existing cover
📞 07908 517 692
📧 [email protected]

As with all insurance policies, conditions and exclusions will apply

You may have to pay an early repayment charge to your existing lender if you remortgage.April Mortgages have just launch...
17/06/2025

You may have to pay an early repayment charge to your existing lender if you remortgage.April Mortgages have just launched a new product offering 7 times loan to income.

That’s the highest loan to income ratio on the market and it’s made possible with their 10-15 year fixed rates offering long-term certainty.

These mortgages have:
- No ERCs for moving home or paying off early
- Automatically reducing rates as you pay down the loan
- Uncapped overpayments

Get in touch for further information
📞 0117 444 6753
📧 [email protected]
💻 www.imabristol.co.uk/whoweare

Your home may be repossessed if you do not keep up repayments on your mortgage
You may have to pay an early repayment charge to your existing lender if you remortgage.

Clients sometimes need to refinance a property soon after buying it, which is where a “Day One Re-mortgage” comes in. Wh...
12/06/2025

Clients sometimes need to refinance a property soon after buying it, which is where a “Day One Re-mortgage” comes in. While the name suggests it happens on the very first day of ownership, it actually refers to remortgaging a property shortly after its purchase.

These types of remortgages can be tricky to find because most lenders prefer you to have owned the property for a longer period, usually 6-12 months.

Here are some common scenarios where a Day One Re-mortgage might be needed:

- You’ve inherited a property and want to release some of its capital.
- You purchased the property with financial help from friends or family and now want to repay them.
- You bought the property with cash and wish to switch to a mortgage.
- You initially used a bridging loan for the purchase and now need to pay it back.

Day One Re-mortgages are available for various property types, including buy-to-let, holiday let, HMO, and residential properties.

Get in touch with the team for more info
📞 0117 444 6753
📧 [email protected]
💻 www.imabristol.co.uk/whoweare

Your home may be repossessed if you do not keep up repayments on your mortgage
You may have to pay an early repayment charge to your existing lender if you remortgage.
Not all Buy to Let Mortgages are regulated by The Financial Conduct Authority

Around 11% of divorcees haven’t remove their ex-partner from their Will, risking their estate going to their ex instead ...
05/06/2025

Around 11% of divorcees haven’t remove their ex-partner from their Will, risking their estate going to their ex instead of their intended beneficiaries, according to Legal & General (L&G) research.

L&G also says a tenth of divorcees have not updated who should receive their life insurance payout. Meanwhile, only a small number take out new cover after divorce, with 4% buying critical illness insurance and 3% income protection.

It’s very important for anyone going through a separation to be fully aware of the financial implications of divorce and to ensure they review other important elements, like their Wills and financial products like protection insurance.

Come and talk to us for a review.

📞 07908 517 692
📧 [email protected]

As with all insurance policies, conditions and exclusions will apply
Wills are not usually regulated by the Financial Conduct Authority. Wills are arranged by Introduction only.

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