Mortgage and Insurance - Kingston Upon Thames

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 for their mortgage (Purchase & Re-mortgage)

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

We're back in lockdown and it's the perfect opportunity to tackle some financial priorities. From creating a will to building your credit score, here are ten to get you started...

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.

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.

https://www.moneyadviceservice.org.uk/en/articles/how-much-can-you-afford-to-borrow

moneyadviceservice.org.uk

How much can you afford to borrow for a mortgage?
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.

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

Are you concerned about the rising rates, reach out for a free mortgage consultation.Call for your free consultation 0796729567

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

26/09/2017

Good article for all landlords for 4 or more properties. Most lenders have this in place already. It does require good project management processes to successfully manage this for mortgages and portfolio lending. Reach out any time.

From the end of this month, lenders will have to take a more stringent approach to buy-to-let mortgage applications from landlords. Emma Lunn explains.

26/09/2017

Great idea to shop around, remember to strike a balance and protect your personal information.

Consumers should shop around on lots of price comparison sites, a review says.

14/09/2017

Are you concerned about the impact a rate rise would have to your mortgage, call us for a free mortgage consultation to see how much you can save.

Sterling surges as the Bank of England hints at rate rise in "the coming months".