Max Mortgages

Max Mortgages Mortgage advisors offering personal service for First Time Buyers to Portfolio Landlords and Limited Companies.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

According to Experian, almost half of all mortgages in the UK are on a lender's standard variable rate.This is where you...
07/05/2021

According to Experian, almost half of all mortgages in the UK are on a lender's standard variable rate.

This is where your fixed-rate at the beginning of a mortgage term has expired and your lender has transferred you across to a higher rate for the remainder of your mortgage term.

We need to fix this!!

Your existing lender will allow you to switch to a new fixed-rate with minimal time or paperwork.

If you do have time on your side, moving to a new lender is often the best way to go as they want your business and offer great rates to entice you.

Don't waste your money paying lenders more than you need to, they have enough money as it is!

If your fixed-rate has ended, get in touch with your mortgage adviser asap to find the best solution.

People often feel overwhelmed when looking at life insurance. They all to often go hand in hand with mortgages, however,...
05/11/2020

People often feel overwhelmed when looking at life insurance. They all to often go hand in hand with mortgages, however, they are very much a stand-alone product.

Even if you are not a homeowner, leaving money for your family once you're gone is something most of us want to do. If you can do this at a monthly cost that is comfortable then why not?

The issue we have is that we start thinking about these things too late, when you have had a health scare or when you become older.

These things affect the premiums that insurers charge.

I set up my life insurance when I was 22 and felt inconvenienced by it when I saw it going out of my account.

However, once I owned a property and realised I didn't need to worry about arranging protection as I had already done so earlier you begin to see the benefits. As my family and expenses grow, I know I have secured my life insurance at the lowest possible cost and if I ever need any more it will just be a small top-up.

Have you arranged your life insurance?

08/08/2020

When it comes to insurance, we first look at the things we must insure.

Legally, you must have car and buildings (home) insurance.

We spend so much time on our phones or choosing appliances for our homes that we prioritise protecting these items.

Life insurance is not an obligation, it is your choice.

Life insurance is for you.

To ensure your family doesn't have to pay your mortgage after you're gone, to give them a lump sum that they might need in the future.

Often people look for life insurance after a health scare or issue arises.

In this case, insurers are going to charge a premium as you become a higher risk.

The time to look into life insurance is now when you're younger and healthier.

No one knows what is around the corner. Being as prepared as possible is always a good idea.

In the case of life insurance and leaving money to your family after you're gone, having something is always better than nothing.

08/07/2020

And for all of those who completed in the last 48 hours, the good news is that at least the pubs are now open.

08/07/2020

From 8/7/2020, the Stamp Duty NIL threshold has been increased to £500,000 for all property sales. This is for First Time Buyers and Home Movers.

What does this mean? From our understanding from 8/7/2020 to 31/3/2021, you will pay no Stamp Duty until the price exceeds £500,000. So First Buyers can save a further £10,000 under the new rules and a Home Mover can save £15,000. But buy a property for say £505,000, they will pay Stamp Duty on the whole purchase price raising the liability to £250 as no further concession is available after that price point.

When buying an additional property, you still pay a 3% surcharge on the purchase price. So, if you are buying a property for the first time or you are replacing your main residence, you will fit in to one of the above categories. Otherwise if you purchase an additional property for say £500,000, your Stamp Duty liability will now be £15,000 rather than £30,000 as it appears the new regulations apply to all property sales. Buy one for £505,000 as an additional property and the Stamp Duty will be £15,400.

Basically whatever your Stamp Duty liability should be based on the standard calculation, you can reduce that bill by up to £15,000 until 31/3/2021. Keep you posted!

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Unit 1A Printing House Lane
Hayes
UB31AP

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Tuesday 10am - 5pm
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Thursday 10am - 5pm
Friday 10am - 5pm

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