Paul Johnson Cert Cii, Mortgage and Protection Adviser

18/02/2023

Mates for life!

12/07/2021

04/06/2021

I have clients that own and run a limited company. These clients don't always take money out of the company as they are building and investing in the business. Showing a small Salary doesn't always mean you can't get the Mortgage that you want- Some lenders will consider Salary and Net Profit when deciding how much you can borrow.

01/06/2021

If you have a life insurance policy, is it written into trust? If it isn't there are some potential problems this may create.

Inheritance Tax. Life Insurance creates capital wealth and pays a lump sum into your estate. This may take you over the threshold for IHT which is taxed at an eyewatering 40%.

If the Life Insurance is paid to your estate, the money has to go through Probate. The legal process of dividing the estate in accordance of the will (if there is one). This process can take months, or even years.

Life Insurance written into trust is not subject to IHT or Probate as it is paid outside of the estate. Your loved ones will be paid the money, free of tax, in a matter of days.

28/05/2021

'How much can I borrow?' This is the question I'm most frequently asked. And it's not always straight forward.

There are many factors a lender will consider to determine the maximum they will lend, and not all of the lenders will allow the use all of the available income.

Knowing which lenders to go to to maximise your affordability may just get you your dream home. Only by completing a thorough review of your circumstances will ensure all available options are explored.

24/05/2021

I'm one of the worst for - I'll do it tomorrow. But when it comes to protecting your loved ones, don't take the gamble. Life insurance will never be as cheap for you as it is today.

20/05/2021

People always think the worst when they get bad news, but it isn't always a lost cause. Historical credit issues may seem impossible to overcome but you just need to look in the right places for a solution.

18/05/2021

For any financial planning needs you may have, please get in touch. MHFC have decades of experience in financial planning, and can give a view on any situation. There is no charge when we sit down as we give free financial reviews.

14/05/2021

Mortgages for the Self Employed can be quite complex and there is often a lot of misunderstanding around what Lenders require to prove income and affordability. How long you have traded for is the 1st hurdle to overcome in finding a lender, but it may not be the issue you think it is.

16/03/2021

Breaking News!!

The first 5% Deposit Mortgage is back!

'We’re launching a five-year fixed rate mortgage - exclusively to first-time buyers. The new product has a fixed rate of 3.99% and comes with a £995 fee and free standard valuation. It’s available up to a maximum borrowing of £500,000.

We won’t be using the government’s mortgage guarantee scheme for this product and it’s not available for flats, new builds or properties in Northern Ireland.'

11/03/2021

Useful advice from Martin Lewis!

Martin Lewis' guide to the Lifetime ISA which allows 18-39yr olds to save for retirement or a first home and get a 25% bonus.

01/03/2021

Wednesday’s budget is set to include a couple of interesting announcements-

An extension to the stamp duty holiday that is due to end on the 31st March.

A government backed mortgage for buyers with a 5% deposit.

Watch this space!