MORTGAGES
Don't rush into the first deal offered by your existing mortgage lender, bank or building society
Wherever you are on the property ladder, your next move is likely to be to a house you will live in for a long time. Take this opportunity to look at the whole market and let me find the best mortgage for you.
First-time buyers
Your first venture into the property market will probably seem very daunting, but don't worry, I have advised many first-time buyers over the years and I do know that you require a little bit extra in terms of advice, reassurance and information on the whole process.
I'll tell you how much you can borrow, the different types of repayments, the best deals, the costs, the insurances you'll need and how best to deal with all the related areas.
Remortgages
Whether you have just reached the end of a fixed or base-rate tracker mortgage deal, are sitting on an uncompetitive variable rate or looking to borrow more funds, a remortgage is the opportunity to re-organise your finances and, in many cases, reduce your monthly payments - sometimes at little or no up front cost.
Buy to Let
If you are thinking about investing in property other than your main home, you are likely to need a ‘buy to let’ mortgage. Property has proved to be an excellent long-term investment despite recent price falls, so let me talk you through the mortgage options, requirements and other considerations.
Self-employed
If you're self employed, whether as a sole trader, a company director, in a partnership or just starting a new venture, it can be difficult to find the right mortgage. This may also be true if you have income from a number of sources. This is an increasingly complex and regulated area of mortgage advice but, as an expert in this field, I will ensure you have pragmatic advice on the best way forward.
For Self-Employed Mortgages the overall cost for comparison is 6.3% APR.
The actual rate will depend upon your circumstances. Please ask for a personalised illustration. This APR is based on those with a clean credit history.
Shared ownership
There are a number of ‘shared ownership’ schemes designed to help first-time buyers, ‘key workers’ and others onto the property ladder. You might either be eligible for an interest free loan as a deposit or you could consider a traditional shared ownership purchase. However, it is important to consider the additional implications of both owning and re-selling properties under these schemes and I will provide you with pragmatic advice as well as all the relevant information.
Equity Release
If you have reached the age of 55 and are a property owner then you are likely to be eligible to take out an equity release (or ‘lifetime’) mortgage or home reversion plan. These schemes have become an increasingly popular way to either supplement your pension income or release funds for personal spending on, for example, home improvements, a holiday home, a new car or, indeed, anything you choose.
These schemes are not appropriate for everyone so I believe that my main role is to advise on the facts and the implications of the schemes before allowing you the time to consider the options at your leisure; meetings with other family members are often a part of my advice process.
Please be aware that lifetime mortgages can quickly erode your remaining equity and as a result there may be no value left to pass on to your beneficiaries. Equity release schemes may work out more expensive than alternatives such as downsizing to a smaller property and equity release can affect eligibility for state benefits and grants.
Commercial & semi-commercial
If you're looking to raise finance for a shop, factory or office or on a residential property with retail units then you will need either a commercial or semi-commercial mortgage. Again, it can be difficult to find the right mortgage in the current lending climate but I will not only help you find the best mortgage, I will also introduce you to experts in the relevant associated specialist areas and add my own pragmatic advice on the best way forward.
“Bob was friendly, helpful, concerned for my welfare and endlessly patient. I was complimented by the solicitors for my understanding of the equity release process and the implications, which was totally down to Bob's patient and thorough teaching”
Your property may be repossessed if you do not keep up repayments on your mortgage.
For mortgages you can choose whether we are paid by commission or by a fee - typically £595. If we are paid by fee any commission received will be refunded.
Equity Release refers to Home Reversion Plans and Lifetime Mortgages.
To understand the features and risks ask for a personalised illustration.
For Equity Release you can choose whether we are paid by commission or by a fee - typically £695. If we are paid by fee any commission received will be refunded.
If you would like to contact me you can call 01189 401 354 or complete this short form and I will call you: