We are committed to provide excellent services to our customers with our straightforward and friendly process.
We understand that one size does not really fit all hence we tailor our services to suit your needs. We specialize in Mortgage and Protection advice.
We understand buying a property can be an overwhelming process in the UK and to overcome this we have partnered with Conveyancing and surveying firms to fulfil all your needs.
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The term First Time Buyer describes anyone who is planning to purchase their first home.
Remortgaging is simply changing your current mortgage deal. There are many reasons that you might
When you are a home mover, you are likely to have a number of different lending options available to you.
Buy to let mortgages are considered when you are planning to purchase a property to rent out for investment purposes.
A mortgage is a big commitment. You don’t want your loved ones to have to worry about how they’re going to make the repayments if you’re not around. Even if you’re not earning a salary, your contribution to the household is still invaluable. How would your family cope and make ends meet without you? Our aim is not only to help you buy the house but also to keep enjoying your home and create beautiful memories with your family, with that in mind our expert tam will educate you and advice for the related protection and Insurances so you have one less thing to worry about.
Life insurance helps give your family financial protection should you pass away within the policy term.
It’s an insurance policy that helps protect you if you become critically ill during the policy term.
Income protection can provide you with either a fixed monthly benefit amount or cover
A house is an outcome of your hardships, whether you live in a one-bedroom flat or a five-bedroom house.
One of the most important steps when it comes to taking out a mortgage is making sure you get the best mortgage. The easiest and fastest way to do this is to use a broker. If you do this, you will have a fact-finding call with the mortgage broker where they will ask you about your circumstancesand find the best mortgage deals.
Once you have chosen a mortgage, the first, and simplest, step is getting a mortgage agreement in principle (AIP). A mortgage agreement in principle (sometimes referred to as a mortgage decision in principle) states what a lender is likely to lend you based on information like income, outgoings, credit commitments, dependents, credit scoreetc.
The next step is to make your full mortgage application. When you are considering how long a mortgage application takes,you can speed up the process by keeping all the documents handy that are required to give it to the broker. Your broker will do the mortgage application for you, and it should be a quick and straight forward process.
Different lenders have varied requirements but most of the banks usually ask for at least the below documents: -
• Proof of identity
• Proof of Address
• Proof of Income
• Proof of Funds
Be accurate. Make sure the information on the application form matches the documents you provide the Lender.
For example, don’t round up your salary if the amount on the pay slips differs from this figure.Provide details of the address of the property you want to buy, the estate agent and your solicitor.
These are the basics – some lenders might ask for more paperwork.
Bear in mind that lenders might have different criteria around income and outgoings.
Ask your lender or independent mortgage adviser what else you might need.
There are two main ways of paying off a mortgage – there are ‘interest only’ mortgages and ‘repayment’ mortgages, also known as ‘capital repayment’. Repayment mortgages mean you pay off both the capital that was lent to you and the interest accrued, in a series of monthly payments over an agreed term.
Interest-only repayments are exactly what they sound like, the repayments you make each month cover only the interest accrued on the amount lent. By the end of the loan term, you will be required to pay back the entire capital. These mortgages are less common as they require a separate arrangement for how the capital is going to be paid back. They are also more expensive, as the interest paid is based on the entire amount lent, whereas with repayment mortgages the initial amount is gradually reduced as more payments are made.
A property is likely to be the biggest purchase you’ll ever make. Having insurance can give you a safety net and peace of mind if things go wrong.
Buildings insurance is especially important when you have a home to protect and a mortgage to pay. And it’s often a condition of the mortgage.
Depending on the type of insurance you take out, having insurance allows you to:
• pay for repairs, or to rebuild your home if it’s damaged.
• replace your belongings if lost, damaged or stolen.
• help pay your bills if you can't work because of injury or illness.
• help support your loved ones if you pass away.
Before looking at properties, you need to save for a deposit.Generally, you need to try to save at least 5% of the cost of the home you’d like to buy.
For example, if you want to buy a home costing £150,000, you’ll need to save at least £7,500 (5%) for the deposit..
Saving more will give you access to a wider range of cheaper mortgages available on the market and a lower interest rate.
Your mortgage lender will insist buildings insurance is in place as you move into your new home. Home insurance combines buildings and contents insurance to cover your most valuable asset. We would recommend that when you take out a large debt, you should also consider protecting it against the unthinkable like flood, subsidence, death, injury or long term illness.
Having good credit helps to get a more competitive mortgage interest rate, but perfect credit isn’t required.
If you have a low credit score or have filed for bankruptcy in the past, you can work toward improving your credit.
Don’t let something as intimidating as a credit score keep you away from the information you’re entitled to. Checking your free credit report yearly, available from one of the three nationwide credit reporting agencies, can help you to keep tabs on your financial status — which becomes especially important when you’re buying a house.
Yearly credit checks can also help you catch any problems that pop up early on, like mistakes in your credit report.
The amount of time it takes for a mortgage to get approved will vary from lender to lender. When shopping around for mortgages, it’s extremely important to have an idea on average how long a mortgage lender is taking from application to offer stage. Mortgage lenders should be able to get a mortgage approved from about 2 – 6 weeks depending on how busy lenders are at the time of application.
It’s important to understand that there are many factors why a mortgage approval can be delayed. While going through the process of getting a mortgage, it’s important to stay in constant contact with the broker and make sure you get any requested document to the lender as soon as possible.
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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