Resie Mortgages and Protection Ltd

01/02/2023

Yes, income protection insurance can be a good idea for renters. Even though renters do not have a mortgage, they still have living expenses such as rent, utilities, food, and other bills that need to be paid. If a renter becomes unable to work due to a long term illness or injury, income protection insurance can provide a regular income to help them keep up with these expenses.
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Yes, income protection insurance can be a good idea for renters. Even though renters do not have a mortgage, they still have living expenses such as rent,

25/01/2023

Do I need a Will?

A Will is a legal document that outlines how you want your assets and property to be distributed after your death. It is a good idea to have a Will in place, regardless of whether you own a home or not. It allows you to specify who will inherit your assets and ensure that your wishes are carried out.

Having a Will can help you avoid probate court and can make the process of transferring assets to your beneficiaries much smoother and less stressful. A Will also allows you to name a legal guardian for your children, if they are still underage, and name an executor to carry out your wishes.

Additionally, if you have a property and you haven't specified in your Will how you would like it to be distributed, the laws of intestacy will apply and it will be distributed among your family members according to the law, which may not align with your wishes.

Overall, having a Will is a good idea for everyone, get in touch with us today and see how we can help you.

Call our team on 0330 236 9922 or or get in touch via our website. https://resie.co.uk/contact-us/

11/01/2023

Can I get a mortgage if I have bad credit?

It is possible to get a mortgage with bad credit, but it may be more difficult and more expensive than getting a mortgage with good credit. The lower your credit score, the higher the risk you pose to the lender, and the more likely it is that the lender will charge a higher interest rate to compensate for the added risk. In addition to a higher interest rate, you may also have to have a larger deposit or pay more in lending fees.

If you have bad credit, it's a good idea to work on improving your credit score before applying for a mortgage. Examples of this are paying your bills on time, reducing your outstanding debt, and disputing any errors on your credit report.

We work with all lenders, including lenders that specialise in working with borrowers with less-than-perfect credit. Ultimately, we shop around and compare the terms and interest rates from multiple lenders to find the best mortgage for your specific situation.

If you’d like to speak to one of our friendly Mortgage Advisers to find out how we can help, feel free to get in touch https://resie.co.uk/contact-us/

As a mortgage is secured against your home, it could be repossessed if you do not keep up the mortgage repayments.

05/01/2023

What do I need to consider as a first-time buyer?

There are a few key things that you should consider as a first-time home buyer:

1. Your budget: It's important to have a clear understanding of how much you can afford to spend on a home. This will help you narrow down your search and avoid looking at homes that are out of your price range.
2. Your location preferences: Think about where you want to live. Consider factors such as proximity to work, schools, public transport and amenities.
3. The type of home you want: Decide whether you want a purpose built flat, a maisonette or a house.
4. The size of the home: Consider the number of bedrooms and bathrooms you need, as well as the amount of living space you want. How important is a garden or parking?
5. The condition of the home: Do you want a new build home or are you open to buying one that needs a little bit of work?
6. Your long-term plans: Think about whether you plan to stay in the home for a long time or if you anticipate needing to sell it in the near future.

It's a good idea to speak to a mortgage adviser to get pre-approved for a mortgage before you start looking at homes. This will give you a better idea of how much you can borrow and will make it easier to make an offer on a home when you find one that you like.

Why not start your journey with us today using our APP? https://link.smartrbuyer.com/ac/aaa/N6dj4TqwlwbFaFa