Mortgage and Insurance

14/08/2021

https://www.theguardian.com/money/2021/aug/14/know-the-score-on-mortgages-a-blemish-on-your-credit-file-could-cost-thousands

Check with all the agencies before applying, as one blip could mean signing up to higher rates

23/11/2020

How we support 'Self-employed' clients:
Yes we do.
Being Self-employed you just have to jump through more hoops to get it to get the same mortgage as employed.
The best prepared client supported by their broker (gets the mortgage) so plan early 12, 6 or latest 3 months ahead of when you want to buy.
An employed person generally shares 3 months’ payslips and 3 months bank statements along with proof of deposit, sometimes supporting documents then processed to mortgage offer after the valuation has taken place.
For the self-employed clients its not that easy, there are many variables, as no 2 businesses are the same:
• Are you a sole trader or are you limited company?
• How long have you been trading? (min. 1 year, ideally 2)
• As a limited company director, if you own more than 25% you are self-employed, less and you are considered employed
• Are you showing a healthy net profit ?
• Do your liabilities outweigh your assets?
• Do you pay yourself with a directors loan?
• Is your income “sustainable” for the long term?
• Do you have experience in the trade?
• Are you managing your business and personal banking separately?
• Do you have loans personally which are paid for by the business ?
• Do you have an accountant (with the right qualifications) not a booker keeper?
When we speak to a self-employed person this is only a few of the considerations we go through when assessing your chances of getting a mortgage.
With every application submitted, our job (the mortgage broker) is to get you an offer and support you for the life of your property ownership.
Our job is to pre-empt what the lender’s underwriter is going to ask and make sure the case is presented to the right lender.
A brief scenario is a recent client I had who’d been declined 3 times previously direct with banks and through other advisers.
The issue being with most mortgage lenders will average your income over 2 years, however from experience there are a couple of mortgage lenders who will use latest year providing it is justified.
Year 1 Income = £41,600
Year 2 Income = £63,720
The average = £52,600
He could borrow more using Year 2 over the average.
This is our presentation to the lender which was accepted.
Preperartion and delivery to the lender after fact find consultation with the client.
It is importance to present a case correctly to the lender with the right explanations.
Rates and figures really do depend on your specific circumstances

09/11/2020

TAKE A LOOK at useful "10 Ways to transform Finances" Guide from Mail on Sunday. Whether in or post Lockdown. we offer 3 of the 10 >> Wills, Income Protection & Pensions. DM us or email [email protected]
We also offer service for all types of mortgages for residential and commercial properties
https://www.thisismoney.co.uk/money/bills/article-8924043/10-ways-transform-finances-coronavirus-lockdown.html

16/06/2020

Reach out for free no obligation advice.

Advice from Martin Lewis from Money Saving Expert

“What you should do in this case, and this is an absolute no brainer, is to go to a mortgage broker.

“Their job is to have access to the information that we as consumers don’t, about which lenders will give you a mortgage in different circumstances, and which will be cheaper and best for you.”

The Scottish housing market remains closed, but the money-saving expert has 'no brainer' advice for potential homebuyers

16/06/2020

Reach out for free no obligation advice.

Advice from Martin Lewis from Money Saving Expert

“What you should do in this case, and this is an absolute no brainer, is to go to a mortgage broker.

“Their job is to have access to the information that we as consumers don’t, about which lenders will give you a mortgage in different circumstances, and which will be cheaper and best for you.”

The Scottish housing market remains closed, but the money-saving expert has 'no brainer' advice for potential homebuyers

25/11/2019

Dear All,
Hope this is helpful, this scheme ends in 4 days. Applicable to your children if over 16

If you are saving to buy your first home, save money into a Help to Buy: ISA and the Government will boost your savings by 25%. So, for every £200 you save, receive a government bonus of £50. The maximum government bonus you can receive is £3,000.
Who is eligible?
To qualify for a Help to Buy: ISA you must:
be 16 or over
have a valid National Insurance number
be a UK resident
be a first time buyer, and not own a property anywhere in the world
https://www.helptobuy.gov.uk/help-to-buy-isa/how-does-it-work/

28/05/2019

Some great news about scam frauds. Always remember to be careful of your data

With fraud victims losing huge sums, a new code will offer more protection - but not all banks are signed up.

26/03/2019

We don't just do mortgages, looking for income while off work unexpectedly, call or message us for free income protection consultation.
See the table below as one example from our many lenders of the type of cover you could have.
Lenders terms and conditions apply to all applications.

Send a message to learn more

21/07/2018

One of the most common questions I receive is on the subject of how much can I borrow, Every applicant has a unique set of circumstances and hope the article below provides an overview.

For a free personal consultation for a tailored approach to understand your requirements for a purchase or re-mortgage drop me a message.

Everything you need to know to work out how much you can afford to borrow for a mortgage - including factors that affect your mortgage rate and how to apply.

07/10/2017

Concerned about rising rates, our consultation is free to review your mortgage. Call me direct on 07967292567

Barclays and NatWest raise rates by as much as 0.9% for new borrowers.