Line Financial Services

28/03/2023

""I had the pleasure of working with Line Financial Services fantastic mortgage broker and I couldn't be happier with the service they provided. From start to finish, they were professional, responsive, and truly dedicated to helping me find the right mortgage for my situation. They took the time to understand my needs and provided me with personalized recommendations that saved me time and money. They were also able.." says Benjamin on Google

★★★★★ "I had the pleasure of working with Line Financial Services fantastic mortgage broker and I couldn't be happier with the service they provided. From start to finish, they were professional, responsive, and truly dedicated to helping me find the right mortgage for my situation. They t...

28/03/2023

"I recently worked with Line Financial Services and I couldn't be happier with the experience. They were knowledgeable, patient, and went above and beyond to ensure that I found the perfect mortgage for my needs. They took the time to answer all of my questions and provided me with clear and concise information every step of the way. Thanks to their expertise, I was able to secure a great interest rate and a loan that.." says Ashton on Google

★★★★★ I recently worked with Line Financial Services and I couldn't be happier with the experience. They were knowledgeable, patient, and went above and beyond to ensure that I found the perfect mortgage for my needs. They took the time to answer all of my questions and provided me with cl...

01/11/2022

"After being recently separated I needed help and support to change my life policy’s and mortgage. Line Financial Services were exceptional in dealing with my financial matters. Very professional and supportive at a difficult time. Highly recommended." says Tamina on Google

★★★★★ After being recently separated I needed help and support to change my life policy’s and mortgage. Line Financial Services were exceptional in dealing with my financial matters. Very professional and supportive at a difficult time. Highly recommended.

14/10/2022

"Tom was absolutely amazing, he took the stress away from the entire mortgage application process. Everything was efficient and his communication was quick and as a result, I felt I knew exactly what was going on throughout the entire mortgage process. Would highly recommend him to anyone looking to buy a house!" says Lily on Google

★★★★★ Tom was absolutely amazing, he took the stress away from the entire mortgage application process. Everything was efficient and his communication was quick and as a result, I felt I knew exactly what was going on throughout the entire mortgage process. Would highly recommend him to an...

14/10/2022

"Line Financial Services have been excellent at helping us secure a mortgage in a difficult time. Tom worked very efficiently and was always contactable. Great experience, thank you!" says Lucy on Google

★★★★★ Line Financial Services have been excellent at helping us secure a mortgage in a difficult time. Tom worked very efficiently and was always contactable. Great experience, thank you!

07/10/2022

"Tom has assisted me on 2 non-standard purchases, and has been superb through both. Very easy to deal with, and excellent standards of work." says Mark on Google

★★★★★ Tom has assisted me on 2 non-standard purchases, and has been superb through both. Very easy to deal with, and excellent standards of work.

07/10/2022

"Tom has helped us with our mortgages for several years and we would thoroughly recommend his services" says Thomas on Google

★★★★★ Tom has helped us with our mortgages for several years and we would thoroughly recommend his services

06/10/2022

"Tom is brilliant, diligent, efficient and will use him for all my refinancing and mortgaging needs!" says Amie on Google

★★★★★ Tom is brilliant, diligent, efficient and will use him for all my refinancing and mortgaging needs!

06/10/2022

"Line Financial Services is reputable organization to work with and comes highly recommended." says Christiana on Google

★★★★★ Line Financial Services is reputable organization to work with and comes highly recommended.

29/09/2022

🚨Mortgage Market Update🚨

Another day, and more rates being removed or repriced.

A quick look at SWAP rates and it does not make for pretty viewing going forwards.

Very briefly SWAP rates are what lenders pay to acquire fixed funding typically for two-, three-, five- or ten-year fixed rates. The cost of this SWAP rate to the lender will then dictate how they price mortgage rates for the public to ensure the lender is making a profit.

A quick look on how these SWAP rates have changed over the last year for 2-, and 5-year fixed rates:

2 Year Rates
Today – 5.431%
27/09/22 – 5.641%
30/08/22 – 3.758%
28/09/21 – 0.482%

5 Year Rates
Today – 4.981%
27/09/22 – 5.215%
30/08/22 – 3.271%
28/09/21 – 0.720%

Clearly there has been a big rise since this time last year, and arguably more concerning is the jump from last month!

With rates looking like they will still continue to rise I would advise anyone with a mortgage due for renewal in the next 12 months to speak to an adviser (preferably Line Financial Services!) to see what their options are for renewal and to see if paying an early exit fee could potentially be worth paying to protect against what rates might look like in the next year.

The above could even be said about anyone due for renewal within the next 18 or 24 months too, as having that conversation is better than not!

Mortgage offers are usually valid for up to 6 months so it is worth speaking with your adviser to secure a rate and then monitor what happens over the next 4 or 5 months to see if completing on that rate you secured in October is better for you than what might be available in April!

Initial meetings are always free so if you or anyone you know is worried or simply has questions about their existing mortgage or future purchase please get in touch with me on 07541449997 or [email protected] to arrange a time to chat.

28/09/2022

🚨Mortgage Market Update🚨

What a week it’s been – and it’s only Wednesday! Base rate increase worries, lenders pulling rates and media hyperbole on top!

The outlook for a lot of people is scary but and a lot of that is to do with either a lack of information or media sensationalism to grab headlines.

The situation regarding lenders is similar to what we saw during COVID times when there was a lot of uncertainty in the market from lenders, added to this a larger than normal level of applications for people rushing to get applications in and lenders making sure they can cope.

For these reasons lenders have been pulling rates, repricing them or offer limited numbers of new applications per day.

A quick look at some lenders and what their positions are:

HSBC – Booking system is place as – first come first served until they are gone
BARCLAYS – similar to HSBC where new allocations of products are released each morning
KENT RELIANCE – Will relaunch products on 4/10/22
TSB – Products withdrawn for repricing but back on soon
HALIFAX – Still lending but just removed fee paying products

All this means is it is the most important things to do are to speak to an adviser, speak to an adviser and to speak to an adviser! - and in all honesty ignore the media reports hell-bent on creating clickbait headlines.

Rates are predicted to increase and fewer rates are available but purchasing a new property and remortgaging your existing property is still possible.

Speak to an adviser (preferably myself!) if you have any concerns, worries, or simply want to understand your best options, even if your mortgage renewal isn’t due any time soon – but especially if it is due within the next 6 months.

More updates to follow as the market continues to take shape but do reach out on 07541449997 or [email protected] to arrange at time to chat.

27/09/2022

🚨Mortgage Market Update to follow tomorrow 🚨- but if you or anyone you know has any questions/concerns about what is happening and what their options are for purchasing or remortgaging (no matter when your renewal date is) please get in touch on 07541449997 or [email protected]