Pieces of paper can prevent your home being sacrificed to pay for long term care

You're probably thinking it can't be that simple. Well, let me tell you, it is. I've no doubt you've already guessed what the first piece of paper does. It changes the ownership of the property. And that's what we've done now. I own my share of our house and Laura owns her share.

When I die, you'd expect me to leave my share to Laura. But I won't. You see, if Laura owns all the property and needs long term care, when the State comes along, it'll have no trouble forcing her to cover the full cost of her fees until almost all of the value within the home has gone. And neither of us wants that, as we'd prefer the money to go to our children.

My share of the property is going to someone else. Actually, it's not a someone. It's a thing. A Treasure Chest known as a Trust. 

Actually, there are many types of Trust but what's really important is not what it is, but what it can do.

I’d heard about Trusts, but I didn’t really know what they were or what they did. So I did some research and this is what I found.

‘Pieces of paper can prevent your home being sacrificed to pay for long term care’

UK PLC are broke, so who do you think they will get more money from?

We all know that the UK Government are looking to save money everywhere in the Publice Sector. There is one department they will be increasing spending on. Yep, you've guessed it. The Revenue and Customs.

Well, if you want to be one of their willing victims just carry on as you are now. If however you don't want to be seen as a CASH MACHINE by this or any future Government you need to act!

Contact me urgently so we can PROTECT your FAMILY from the Tax man and other Government Agencies.

There are Five Real Dangers we need to address to safeguard your Family's future and all the assets you have worked hard for so far.

Download the Free Report on the right for the full story and then give me a call to book an appointment.

It's your duty to look after your Family, if you do nothing don't say we didn't warn you.

Asset Protection Strategy Website Launch

We are pleased to announce the launch of our dedicated Asset Protection Strategy site.
Here you can find all the information required to get started creating a safer future for your loved ones.

Visit http://www.john-roberts.eu/ full details

Stamp Duty Mitigation Report - SDLT Fixer - stampdutyfix.co.uk

Save £20,000 In Stamp Duty On Every £1m You Spend

Sounds too good to be true?  Well it's not. 

A financial expert with 30 experience helping people save tax has published a new report entitled "Save £20,000 In Stamp Duty On Every £1m You Spend On Residential Or Commercial Property". 
It's exclusive to people spending £500,000 or more.

The report not only explains how it's possible to massively cut the amount of stamp duty you'll pay, it also shows you how you can have a bespoke solution created just for you.  The best bit is that you can get both the report and the bespoke solution for free.

I've read the report and I can reassure you there's really no catch to this.  It's all explained in a clear and understandable way.

To get your complimentary copy of this valuable report, simply click the link below...

Free Report

Life Insurance for the unthinkable

The future is uncertain.

Help out in the worst of times by providing the security that you and your family deserve.

Ease the transition with Term Life Insurance.

Term Life Insurance is your backup plan.

Flexible-Finance.COM is an Appointed Representative of HL Partnership Ltd which is authorised and regulated by the Financial Services Authority.
The Mortgage information contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.  

Relevant Life Insurance for Company Directors

Relevant Life Insurance for Company Directors

"Let the taxman pay for your life insurance.

See http://www.flexiblefinance.me/ for full details"

Flexible-Finance.COM is an Appointed Representative of HL Partnership Ltd which is authorised and regulated by the Financial Services Authority.
The Mortgage information contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.

Life Insurance for Company Directors with Tax benefits

Flexible-Finance.COM is an Appointed Representative of HL Partnership Ltd which is authorised and regulated by the Financial Services Authority.
The Mortgage information contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.

Free Mortgage Advice Essex - Billericay - Basildon

For obligation free mortgage advice contact Flexible-Finance.COM and see how we can help you with your new mortgage. Full mortgage advice and recommendation service from the whole market

Flexible-Finance.COM is an Appointed Representative of HL Partnership Ltd which is authorised and regulated by the Financial Services Authority.
The Mortgage information contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.

Flexible-Finance.COM

Clear your Debts with our Management Plans

Our debt management service offers free confidential advice to help you find a solution to your financial difficulties. We specialise in clearing our customers’ unsecured debts through affordable monthly payments.

We will allocate you a fully trained personal advisor. Their job is to talk through your current situation and devise a Debt Management Plan to help get you back on your feet. Usually all interest and charges will be frozen, and typically the new payment amount under a debt management plan is half the amount the client is currently paying, but will depend on the individual circumstances.

We can help customers -

• Who have overstretched themselves with credit cards, loans or overdrafts.
• Whose monthly expenditure now exceeds their monthly income
• Who are using credit cards to pay off other debts or to pay for items they previously bought with cash
• Who have had a consolidation loan refused
• Whose circumstances have changed due to a divorce, separation, bereavement, loss of job or overtime
• Who feel like no one is listening

Copyright © 2010-2011. www.flexible-finance.com. All rights reserved.

Affordability Criteria Changes

In the past customers looking to take out a new mortgage would use their income as the main assessment of how much they could borrow. Today, lenders may still use their salary as a way of measuring loan sizes but may also put a lot more emphasis on mortgage affordability before they will give their approval.

The salary/salaries of those applying for mortgages are still a very important part of the approval process, however lenders will all have their own criteria on how much an individual or couple can borrow based on their income(s). The criteria used here, however, have changed in recent times.

Before the credit crunch some lenders relaxed their rules on how much a borrower might qualify to be given in a mortgage. The industry tended to offer an average of around 3.5/5 times salary but some would offer much higher sums without checking in detail whether the borrower could actually afford their mortgage repayment, even allowing a borrower to self cert their income in some circumstances.

Due to the current economic crisis many have now reverted back to average salary/borrowing criteria and many now will focus more on mortgage affordability. Lenders may want to dig a little deeper to see how much borrowers can actually afford to repay before telling them how much they can now borrow.

Lenders will still want potential mortgage borrowers to state their salaries but they will also be interested in how this money is spent. This may involve listing income and outgoings which the lender will then look at to assess whether the applicant can actually afford the repayments of their new loan based on available income once all existing financial repayments have been taken out. Those with fewer debts or commitments may show that they have more disposable income to make a mortgage payment. They may then be permitted to borrow more based on their disposable income.

Those that spend a lot of their monthly income on repaying other debts may not find it so easy to borrow at all. If, for example, an applicant has a high debt to income ratio then they may not actually be able to borrow as much as they would like, even if their salary is technically at a level that should allow them to do so.

A Lender will also look into the credit history of a mortgage applicant during the approval process. Those with a good credit score are more likely to be approved and to get the best deals. Those with a bad credit record may be turned down for the loan or may be charged higher rates. The type of property to be purchased may also play a part in allowed borrowings as some types of buildings may have lender imposed mortgage limits.

As a guide most lenders will consider multiples of up to 4.5 for your gross income, however, this is subject to the application passing the Lender’s affordability and credit criteria.

To avoid disappointment please get your broker to calculate your affordability prior to submitting a mortgage application.

Flexible-Finance.COM is an Appointed Representative of HL Partnership Ltd which is authorised and regulated by the Financial Services Authority.
The Mortgage information contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK. * Some of these products and services are not regulated by the Financial Services Authority

Current Account Mortgages

This is a relatively recent introduction into the market and allows you to put all your money in one place, including your savings, current account, credit cards, loans, and earnings.

• The philosophy behind this type of mortgage is that all your money reduces the outstanding balance on your mortgage, and, as the interest is calculated daily, your interest payments are correspondingly reduced.

• The potential reduction in your level of borrowings means that over the entire term of your mortgage substantial savings can be made on your overall mortgage payments, or you may be able to pay the mortgage off early.

• There are currently a relatively small number of lenders offering this type of mortgage at present.

• They are also generally linked to variable rates and so reductions in your mortgage payments in the early years may not be possible with this type of product.

So, why use a mortgage broker?

Because we will help you save your time, your effort and your money!

Flexible-Finance.COM is an Appointed Representative of HL Partnership Ltd which is authorised and regulated by the Financial Services Authority.
The Mortgage information contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK. * Some of these products and services are not regulated by the Financial Services Authority

Fixed Rate Mortgages Explained

• Your lender agrees a set rate of interest for a specified period of time. Irrespective of movements in the interest rate your monthly payments will not change. Generally anything between 1 and 25 year fixed rates are available.
• Commonly a lender will require a non-refundable up front booking fee to be paid on application to reserve the mortgage.
• Further fees such as arrangement fees are also frequently experienced with this type of rate.
• The fixed rate provides the security of knowing the exact monthly cost of your loan for a set period.
• The rate will also provide a buffer against increases in the interest rates.
• Unexpected increases in payments at term end. Possibility of losing out should interest rates fall below your agreed rate.
• Possibly tied in to variable rate with same lender for various periods following the fixed rate term end.
• early repayment charges can prevent restructuring of your mortgage and associated finances .A fixed rate mortgage is the most suitable option in a number of circumstances the most common being those identified below.
• Larger borrowings. Individuals on tight budgets expecting wage increases over the first few years of the mortgage.
• First time buyers looking for security during the first few years of setting up home.
• Borrowers who anticipate rising interest rates.

Flexible-Finance.COM is an Appointed Representative of HL Partnership Ltd which is authorised and regulated by the Financial Services Authority.
The Mortgage information contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK. * Some of these products and services are not regulated by the Financial Services Authority

Buy to Let Mortgages Explained

Buy to let has become an attractive investment option for many people as soaring house prices, increased demand for rental property and better legal protection for private landlords has made buy to let fast growing area of the mortgage market.

Many lenders now offer specialist buy to let mortgages that allow private landlords to fix their interest payments for five years or more, providing you with some security over mortgage funding costs.

Amendments to the 1988 Housing Act has reduced the fear of landlords that tenants, once admitted to the property, will prove all but impossible to evict. This possibility alone was enough to dissuade many people from becoming private landlords in the past. The proportion of UK housing stock taken by rentals stood at a low of 7% in 1989, but has grown to 11% in the ten years since.

Most landlords should be able to obtain gross rent equivalent to between 100% and 130% of the rental property's mortgage repayments (interest only). Letting agents will charge up to 10% of the rental. Some may charge 15% if they are responsible for such things as repairs, complaints and other matters.

Buy to let mortgages and properties have become increasingly popular in the UK over recent years. These mortgages do not differ too greatly from other mortgages and do require a deposit which varies from lender to lender. You can usually find discounted, fixed, base rate Tracker rates and flexible Buy to Let mortgage rates to suit most short and long term financial planning needs.

Historically, borrowing on income-producing property has been viewed by lenders as a commercial proposition so they attracted higher rates of interest than the standard mortgage offered to owner-occupier, however this is no longer the case.

There are a number of factors which require to be taken into account however when considering this type of venture and therefore the broad appreciation of how both product lending criteria and interest rates work does benefit from a more professional approach and one which takes into consideration other factors which could benefit you financially. Factors such as how tax relief can be employed as well as being made aware of the many obligations which go along with being a 'landlord'.

For a full and frank appreciation of how this type of scheme may work for you simply contact Flexible-Finance who will arrange for you to be able to explore the possibilities which may await you with this type of scheme.

Remortgaging

Becoming increasingly popular over the last ten years remortgaging is commonplace in today’s competitive mortgage market.

Prior to making the decision to remortgage it is important to establish a number of basic facts or the benefit of your remortgage may be significantly reduced by charges imposed by your current lender. Detailed below is a quick checklist of information we would suggest you have at your fingertips when considering moving your mortgage:

What is your current interest rate? The amount of your monthly payments? What limitations apply to your current mortgage rate? How long does your present fixed, discounted or capped rate last for? Are you tied into the variable mortgage rate and if so for how long? What early repayment charges will you incur if you were to pay off your mortgage early? Are any other fees involved?

How we can Help

Obviously prior to making any decisions comparisons from other providers should be obtained. At Flexible-Finance we can complete a full analysis of the market using the most up to date information available. There are several factors that we will look at in detail and discuss with you the main items being:

What limitations apply to the end of any product we are considering? Is there a lock in and if so for how long? What is the lenders variable rate – how does this compare? Is there any Higher Lending Charge to pay? (Higher Lending Charge is a premium paid to a lender in order to purchase an insurance policy against future loss. The premium is usually charged when borrowing is in excess of the amount the lender considers they can safely lend and be assured of their money being returned if any future financial problems occur. Generally this cost is being phased out in the market but you may still encounter this premium for loans above 80% of the house value. The cost of this is therefore to be taken into account when selecting a lender.) What other costs are involved in any remortgage scheme? What solicitors fees are incurred, valuation costs and set up fees?

Once all this information is available we will be in a position to recommend how we feel you should proceed. Flexible-Finance.COM mortgage advisors will be able to help discuss the options with you, answer any questions you might have and agree a course of appropriate action. As we have access to a large panel of lenders, our aim will be to arrange you a suitable loan with a lower interest rate than your current mortgage.

Information Required

There are a number of common items that will be required in order to obtain a new mortgage and listed below are the most common:

• 3-6 months pay slips
• 3-6 months bank statements.
• Self employed 3 years accounts or HMRC statements
• Most recent mortgage statement or an early repayment statement from your lender.
• Most recent P60 - Whilst the banks and building societies will all have different specific requirements these are usually required in all circumstances.

How to save thousands by remortgaging

Low interest rates means that it is an ideal time to remortgage your property. The level of remortgaging has risen sixfold over the last five years, according to figures from the Council of Mortgage Lenders.

Historically, switching to a cheaper deal is one of the easiest ways that homeowners can save money. But while many people are making the most of better rates, it is estimated that more than half of all borrowers are continuing to pay over the odds for their mortgage each month.

For example, someone with a £100,000 loan who switches from a standard variable rate deal could save about £1,000 a year for each one-percentage point reduction in their interest rate. As we have access to many lenders our aim would be to arrange a new mortgage with an lower interest rate than your current mortgage.


Remortgaging has become much easier in recent years. More lenders are offering specialist remortgaging services - often with free legal and arrangement fees thrown in (subject to status and availability). Remortgaging is not only about saving money. As well as reducing your monthly payments, you can also use remortgaging as a way of releasing some equity that has built-up in your property's value. If you are tempted to release equity, it is still important to be cautious even though rates are low. Borrowing through your mortgage may achieve a lower interest rate than taking out a personal loan, but the debt is secured. This means that if you can not keep up with additional payments, you could risk losing your home.

Where do I start?

The first step is to check the terms and conditions of your existing mortgage. These will tell if you are tied-in to your mortgage deal or if there are any early repayment charges -previously known as early redemption penalty. If you are locked-in, you must decide if it is worth switching to a different rate or stay put until the early repayment charges have expired. You may have been with your existing lender for a long time and feel a sense of loyalty towards the company. However, most lenders do not reward this loyalty with a reduction in rates. You should therefore expect to shop around and look towards a different lender to get a better deal. The advantage of using a mortgage broker is that they will look at what different lenders are offering and they often have special deals, which are not available elsewhere on the High Street.

Which deal is best for me?

You will face a choice of broadly four types of deal: fixed, capped, discounted and flexible. Fixed-rate schemes are ideal for people who want certainty and must be able to regulate how much they will be spending each month. The rate is usually fixed for between two and five years. Discounted loans offer a reduction off the standard variable rate for a set period. If rates fall further, the rate that you will pay will also go down. However, when rates rise, so will your mortgage payments. A capped-rate loan will set a limit on the rate you will pay. If rates rise, your payments will not go above that level. However, if rates fall below the cap so will your repayments. Flexible mortgages allow you to overpay and underpay when you chose and without  incurring early repayment charges. This is ideal for people who have fluctuating incomes or who want to clear their mortgage early. An increasing number of fixed, capped and discounted deals have more flexible features as well.

What should I avoid?

While choosing a mortgage broker saves you legwork, it is important to ensure that you do not pay over the odds for the service. It is also wise to do your own research to compare the rates that a lender or broker is offering you. Avoid deals with extended early repayment charges. Extended early repayment charges are often hidden in the small print of a mortgage contract and were called early redemption charges.

How do I apply?

Obtain an 'early repayment statement' from your existing lender. This will tell you how much you owe. With our assistance you must then complete an application form from your new lender, along with details about your income such as bank statements, payslips, a P60 form, mortgage statements and proof of identity. Your new lender will value your home. This will cost about £200. Most lenders will also charge an arrangement fee and you will have to pay legal costs of about £350. Some lenders offer dedicated remortgaging services with free legal work and valuations (subject to status and availability).

We will assist you with all matters relating to the application process, completing the forms, submitting any evidence and liasing with the lender on your behalf.

How long does it take?

It should take about a month to complete the remortgage. You will get a mortgage offer of advance, if the lender's surveyor is satisfied with the value and condition of your home. Your Solicitor will liase with your new lender and your existing company. Once you have received a completion statement from your solicitor or new lender, the process has finished.

Call 07831629483 for an appointment .

Flexible-Finance.COM is an Appointed Representative of HL Partnership Ltd which is authorised and regulated by the Financial Services Authority.
The Mortgage information contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK. * Some of these products and services are not regulated by the Financial Services Authority

Slash your outgoings

Flexible-Finance.COM Mortgage Brokers. Current Account Mortgages. 0800 0112948

Flexible-Finance.COM Mortgage Brokers. Current Account Mortgages. 0800 0112948:

"Current Account Mortgages

This is a relatively recent introduction into the market and allows you to put all your money in one place, including your savings, current account, credit cards, loans, and earnings.

The philosophy behind this type of mortgage is that all your money reduces the outstanding balance on your mortgage, and, as the interest is calculated daily, your interest payments are correspondingly reduced.

The potential reduction in your level of borrowings means that over the entire term of your mortgage substantial savings can be made on your overall mortgage payments, or you may be able to pay the mortgage off early.
There are currently a relatively small number of lenders offering this type of mortgage at present.

They are also generally linked to variable rates and so reductions in your mortgage payments in the early years may not be possible with this type of product.

So, why use a mortgage broker?
Because we will help you save your time, your effort and your money!"

Flexible-Finance.COM is an Appointed Representative of HL Partnership Ltd which is authorised and regulated by the Financial Services Authority.
The Mortgage information contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK. * Some of these products and services are not regulated by the Financial Services Authority

Flexible Mortgages Explained

A flexible mortgage gives you some scope to change your monthly payments to suit your ability to pay. It's also useful if you want to pay off your loan more quickly. Several flexible features are becoming common and they aren't limited to mortgages with 'flexible' in their name. Here are some flexible features:

• Overpayments – you can pay more than your normal monthly mortgage payment or pay off a lump sum, or both. If you pay off a lump sum you benefit from paying less interest each month (because the amount you owe is now less) or if you continue paying at a higher level, you will pay off your loan more quickly. You can get the benefit straight away if you have a mortgage on which interest is calculated daily or monthly. Check whether any restrictions apply.
• Underpayments and payment holidays – you pay less than the normal monthly payment for a limited period (say six or twelve months). You may even be able to stop making payments altogether (a payment holiday). This could be useful if, say, you lose your job or take time off to care for a child.
• Borrow extra (loan drawdown) – you can borrow extra without further approval from your lender, provided the total loan does not go above an overall limit. Alternatively you may be able to 'borrow back' against earlier overpayments.
• Linked Bank Account - A number of these flexible mortgages may also offer the ability to operate your mortgage account as a bank account with the option to make withdrawals in certain circumstances.
• Monthly payments - can adapt to the level of monthly income you receive. Interest is far more likely to be calculated on a daily basis

• Generally you will be unable to obtain fixed, discounted, capped or cashback rates on flexible mortgages. The lack of discipline in the monthly payment means the temptation is there to spend the money on other matters.
  The flexible mortgage option is suitable in a number of circumstances the most common being those identified below.
• Self employed or contract workers.
• Individuals looking to repay their mortgages quicker than their basic income would indicate as, possibly the result of expected bonus payments and or share options.

Flexible-Finance.COM is an Appointed Representative of HL Partnership Ltd which is authorised and regulated by the Financial Services Authority.
The Mortgage information contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK. * Some of these products and services are not regulated by the Financial Services Authority

Base Rate Tracker Mortgages Explained.

• Increasingly popular, base rate tracker mortgages, unlike ordinary standard variable rate mortgages 'track' or follow the bank base rate set by the Bank of England.

• This means that all bank rates cuts are automatically passed on to the borrower.

• The differential between base and pay rates remains constant for an agreed period and is normally far smaller than the margin on an ordinary variable rate.

• Generally, the rate charged will be lower than the variable rate applicable under a standard mortgage.

• Any changes in the Bank of England base rate will be directly reflected in the monthly mortgage payments.

• As mentioned above, any change in bank rates will be directly reflected in the monthly mortgage repayment so this type of mortgage provides no protection against any upward movement in interest rates (in contrast to fixed rate mortgages for example).

Flexible-Finance.COM is an Appointed Representative of HL Partnership Ltd which is authorised and regulated by the Financial Services Authority.
The Mortgage information contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK. * Some of these products and services are not regulated by the Financial Services Authority

Variable Rate Mortgages Explained

All lenders base their mortgage range around their variable rate of interest. This is the rate that they apply to all their borrowers before making adjustments for any special offers that may be available at the time and should be examined in every case before making the final decision regarding the choice of lender.

Usually calculated on a daily basis and added to the loan either monthly, quarterly or annually. Reductions or increases in the rate will result in a direct increase or decrease in the monthly payment to the lender. This payment adjustment in many cases will not occur until the lender conducts the annual review of the loan account.

• Complete flexibility within the mortgage market allowing option to move from lender to lender should the opportunity to take advantage of more competitive rates elsewhere arise.
• Avoidance of early repayment charges
• Ability to benefit from rate cuts as they occur.
• Generally the rate will not be competitive in relation to the market.

Exposure to interest rate rises.

A variable rate mortgage is the most suitable option in a limited number of circumstances the most common being those identified below.

Individuals borrowing money over the very short term anticipating repaying the loan early and not wishing to incur early repayment charges on all or part of the loan..

So, why use a mortgage broker?

Because we will help you save your time, your effort and your money!

Flexible-Finance.COM is an Appointed Representative of HL Partnership Ltd which is authorised and regulated by the Financial Services Authority.
The Mortgage information contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK. * Some of these products and services are not regulated by the Financial Services Authority

Capped Rate Mortgage Explained

• Providing a combination of the security of knowing the maximum monthly cost for a set period with the opportunity to take advantage of any downward movement in the mortgage rates, this is a popular choice for many borrowers.

• The capped rate has a maximum rate above which your loan will not be charged, however should the lenders variable mortgage rate fall below the level of the cap then you will still benefit from this rate.

• Knowing the maximum monthly cost of your loan for a set period, allowing security within your budgeting.

• The potential for your rate to reduce unlike the fixed rate mortgage.

• Generally rates for capped mortgages will be slightly higher than those of the fixed rate mortgages available, although this is largely led by market forces and has not been the case in recent years.

• A capped rate mortgage is the most suitable option in a number of circumstances the most common being those identified below:
• Individuals wanting more flexibility in terms of rate decreases than fixed rates but still wishing to limit the amount of their maximum monthly payments.

• Larger borrowings.

• Individuals on a tight budget expecting wage increases over the first few years of the mortgage.

• First time buyers looking for security during the first few years of setting up home.

Flexible-Finance.COM is an Appointed Representative of HL Partnership Ltd which is authorised and regulated by the Financial Services Authority.
The Mortgage information contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK. * Some of these products and services are not regulated by the Financial Services Authority

Discounted Mortgages Explained

• Lenders offer you the option to reduce the interest rate applied to your loan by a set percentage. The reduction will be directly linked to the lender’s variable rate, and will usually apply for the first few months or years of your mortgage term.

• Increases in the mortgage rate will therefore affect your loan although the discount will still apply until the end of the agreed period.

• Bigger discounts are frequently offered if a larger deposit is being provided by a borrower, and to those taking out larger loans.

• Certain lenders will include some element of cashback.

• Usually the loan will stipulate that the borrower will be penalised should he transfer the mortgage or repay part of the loan early for a set period.

• Reducing the monthly costs at the outset allowing other costs associated with house purchase to be catered for in the early months or years.

• Allows borrower to take advantage of rate reductions, as the discount will be applied to the newly reduced variable mortgage rate.

• Once the discounted period expires the rate returns to the variable, meaning an increase in the monthly cost – Larger discounts lead to larger increases.

• Incorporated early repayment charges can be restrictive.

• Exposure to interest rate rises.

• A discounted rate mortgage is the most suitable option in a number of circumstances the most common being those identified below.

• Individuals on tight budget expecting wage increases over the first few years of the mortgage.

Flexible-Finance.COM is an Appointed Representative of HL Partnership Ltd which is authorised and regulated by the Financial Services Authority.
The Mortgage information contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK. * Some of these products and services are not regulated by the Financial Services Authority

Remortgaging Process Explained

Becoming increasingly popular over the last ten years remortgaging is commonplace in today’s competitive mortgage market.

Prior to making the decision to remortgage it is important to establish a number of basic facts or the benefit of your remortgage may be significantly reduced by charges imposed by your current lender. Detailed below is a quick checklist of information we would suggest you have at your fingertips when considering moving your mortgage:

What is your current interest rate? The amount of your monthly payments? What limitations apply to your current mortgage rate? How long does your present fixed, discounted or capped rate last for? Are you tied into the variable mortgage rate and if so for how long? What early repayment charges will you incur if you were to pay off your mortgage early? Are any other fees involved?

How we can Help

Obviously prior to making any decisions comparisons from other providers should be obtained. At Flexible-Finance we can complete a full analysis of the market using the most up to date information available. There are several factors that we will look at in detail and discuss with you the main items being:

What limitations apply to the end of any product we are considering? Is there a lock in and if so for how long? What is the lenders variable rate – how does this compare? Is there any Higher Lending Charge to pay? (Higher Lending Charge is a premium paid to a lender in order to purchase an insurance policy against future loss. The premium is usually charged when borrowing is in excess of the amount the lender considers they can safely lend and be assured of their money being returned if any future financial problems occur. Generally this cost is being phased out in the market but you may still encounter this premium for loans above 80% of the house value. The cost of this is therefore to be taken into account when selecting a lender.) What other costs are involved in any remortgage scheme? What solicitors fees are incurred, valuation costs and set up fees?

Once all this information is available we will be in a position to recommend how we feel you should proceed. Flexible-Finance.COM mortgage advisors will be able to help discuss the options with you, answer any questions you might have and agree a course of appropriate action. As we have access to a large panel of lenders, our aim will be to arrange you a suitable loan with a lower interest rate than your current mortgage.

Information Required

There are a number of common items that will be required in order to obtain a new mortgage and listed below are the most common:

• 3-6 months pay slips
• 3-6 months bank statements.
• Self employed 3 years accounts or HMRC statements
• Most recent mortgage statement or an early repayment statement from your lender.
• Most recent P60
  Whilst the banks and building societies will all have different specific requirements these are usually required in all circumstances.

How to save thousands by remortgaging

Low interest rates means that it is an ideal time to remortgage your property. The level of remortgaging has risen sixfold over the last five years, according to figures from the Council of Mortgage Lenders.

Historically, switching to a cheaper deal is one of the easiest ways that homeowners can save money. But while many people are making the most of better rates, it is estimated that more than half of all borrowers are continuing to pay over the odds for their mortgage each month.

For example, someone with a £100,000 loan who switches from a standard variable rate deal could save about £1,000 a year for each one-percentage point reduction in their interest rate. As we have access to many lenders our aim would be to arrange a new mortgage with an lower interest rate than your current mortgage.

Slash your outgoings

Remortgaging has become much easier in recent years. More lenders are offering specialist remortgaging services - often with free legal and arrangement fees thrown in (subject to status and availability). Remortgaging is not only about saving money. As well as reducing your monthly payments, you can also use remortgaging as a way of releasing some equity that has built-up in your property's value. If you are tempted to release equity, it is still important to be cautious even though rates are low. Borrowing through your mortgage may achieve a lower interest rate than taking out a personal loan, but the debt is secured. This means that if you can not keep up with additional payments, you could risk losing your home.

Where do I start?

The first step is to check the terms and conditions of your existing mortgage. These will tell if you are tied-in to your mortgage deal or if there are any early repayment charges -previously known as early redemption penalty. If you are locked-in, you must decide if it is worth switching to a different rate or stay put until the early repayment charges have expired. You may have been with your existing lender for a long time and feel a sense of loyalty towards the company. However, most lenders do not reward this loyalty with a reduction in rates. You should therefore expect to shop around and look towards a different lender to get a better deal. The advantage of using a mortgage broker is that they will look at what different lenders are offering and they often have special deals, which are not available elsewhere on the High Street.

Which deal is best for me?

You will face a choice of broadly four types of deal: fixed, capped, discounted and flexible. Fixed-rate schemes are ideal for people who want certainty and must be able to regulate how much they will be spending each month. The rate is usually fixed for between two and five years. Discounted loans offer a reduction off the standard variable rate for a set period. If rates fall further, the rate that you will pay will also go down. However, when rates rise, so will your mortgage payments. A capped-rate loan will set a limit on the rate you will pay. If rates rise, your payments will not go above that level. However, if rates fall below the cap so will your repayments. Flexible mortgages allow you to overpay and underpay when you chose and without  incurring early repayment charges. This is ideal for people who have fluctuating incomes or who want to clear their mortgage early. An increasing number of fixed, capped and discounted deals have more flexible features as well.

What should I avoid?

While choosing a mortgage broker saves you legwork, it is important to ensure that you do not pay over the odds for the service. It is also wise to do your own research to compare the rates that a lender or broker is offering you. Avoid deals with extended early repayment charges. Extended early repayment charges are often hidden in the small print of a mortgage contract and were called early redemption charges.

How do I apply?

Obtain an 'early repayment statement' from your existing lender. This will tell you how much you owe. With our assistance you must then complete an application form from your new lender, along with details about your income such as bank statements, payslips, a P60 form, mortgage statements and proof of identity. Your new lender will value your home. This will cost about £200. Most lenders will also charge an arrangement fee and you will have to pay legal costs of about £350. Some lenders offer dedicated remortgaging services with free legal work and valuations (subject to status and availability).

We will assist you with all matters relating to the application process, completing the forms, submitting any evidence and liasing with the lender on your behalf.

How long does it take?

It should take about a month to complete the remortgage. You will get a mortgage offer of advance, if the lender's surveyor is satisfied with the value and condition of your home. Your Solicitor will liase with your new lender and your existing company. Once you have received a completion statement from your solicitor or new lender, the process has finished.

Call 07831629483 for an appointment .

Flexible-Finance.COM is an Appointed Representative of HL Partnership Ltd which is authorised and regulated by the Financial Services Authority.
The Mortgage information contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK. * Some of these products and services are not regulated by the Financial Services Authority

What are APRs on Mortgages

In order to make it easier for people to compare differing rates of interest, the Government introduced the concept of the APR which is an abbreviation for the phrase "Annual Percentage Rate of Charge".

The APR represents the total cost of credit and takes into account all the added costs such as valuation fees, lender's conveyancing charges etc which are not included in the nominal rate of interest. Until April 2000 it was possible for different organisations to calculate APRs in various ways. The government has now standardised the practice of calculation so that the APR reflects the cost of borrowing over the total term of the loan and inclusive of any concessionary rates that may be applicable in the early stages.

So, why use a mortgage broker?

Because we will help you save your time, your effort and your money!

Flexible-Finance.COM is an Appointed Representative of HL Partnership Ltd which is authorised and regulated by the Financial Services Authority.
The Mortgage information contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK. * Some of these products and services are not regulated by the Financial Services Authority

Mortgage Advice FAQ's - Mortgages 101

Mortgage Advice FAQ's

Higher Lending Charges
Self Employed
Credit Problems
Hidden Costs
Free Advice
First Time Buyer
Early Repayment Charges
Large Loans
Mortgage Options

What are Higher Lending Charges?
These are fees that lenders will charge for loans over a certain amount (usually 80%). The premium buys cover for the lender which will protect them if you were to default on a loan. In this instance, following the repossession and sale of the property any loss is reimbursed by the Higher Lending Charges. The important point here is that although you the borrower pay the premium on the policy it is of no benefit to you. If the lender calls upon the policy to recover his losses the insurer who provided the guarantee can still come after you for the amount that they have paid out.

I am self-employed. Can I get a mortgage?
Yes. Whilst many high street lenders will exclude them We specialise in finding the best deals around for the self employed. A number of lenders will want two years of full accounts but this is not the case throughout the market and we should be able to solve any difficulties you may have encountered. Contact us with your individual circumstances and let us find you your mortgage.

I have had financial difficulties in the past.
How will this affect me?It depends on what those problems were and how long ago they occurred. Some lenders will deduct the annual payments to creditors or in respect of any debts outstanding, before applying their income multiples. In the case of mortgage arrears most lenders will want to see that they have been brought up to date and maintained for 6-12 months. County Court Judgements (CCJ) may pose a problem and again, it will depend on whether there is more than one, the size of the judgement and whether they have been satisfied. In some cases a lender may accept a suitable explanation for your CCJ.There are also a number of lenders who specialise in this area of the market and they will often lend where other mortgage companies may decline. If you contact us with your circumstances we will be able to find the best option available for you.

There are a large number of very attractive deals available.
What are the catches?There are a number of points to watch out for and we would always suggest that you speak to one of our dedicated team of mortgage specialists. There are however things to watch out for. A number of the deals that may be offered are designed to attract new business to the lenders, who then hope to keep you as a customer beyond the initial incentive period so they can recoup their costs. You will therefore find that some of the most attractive deals around will impose early early repayment charges if you wish to repay the mortgage within the incentive period and beyond. The key is to find the lowest penalties that apply over the shortest period of time. This will then allow you to reassess your options when the initial period is over and, if it makes sense to do so, move your mortgage to another lender to attract a further incentive deal. Lenders will also in a number of cases charge an arrangement fee to access these deals. With such a bewildering array of options open to you the easy alternative is to allow us to search the market to find the mortgage that is right for you and will save you money.

Will Flexible-Finance charge me a fee to find my mortgage?
There may be a fee for mortgage advice. The precise amount will depend upon your circumstances but we estimate it will be two hundred and ninety five pounds plus up to one percent of mortgage amount. These are detailed on our terms of business (IDD). Download our Initial Disclosure Document here.

I am a first time buyer and I suspect I may need a 100% mortgage. What are my options?You will find it almost impossible to get a 100% mortgage currently but it may be possible to get you a mortgage using a shared equity scheme. Most likely the maximum you will be able to borrow is 95%.

How do Early Repayment Charges affect me?
Generally an early repayment charge will be charged if you cash in a fixed, discounted or capped rate mortgage during the first few years. They are usually a few months interest payments, which can run into thousands of pounds. Talk to your Flexible-Finance mortgage specialist about any charges/penalties that may apply on loans you are considering.

I am looking for a large loan – in excess of £500,000? What problems will I face?
Those who are looking for larger mortgages will have larger earnings, possibly made up of a package of salary, bonuses and share options. This can be an unfamiliar client profile to some high street lenders and you may need some help as you mayl not fit some companies standard criteria. Some mortgage products may set a maximum loan of £250,000 so you will need to be able to research the whole market for the best deals.

Some borrowers requiring larger mortgages may need the flexibility to allow chunks to be paid off early when, for example, bonus payments are received, and without big penalties for doing so. Some borrowers may favour shorter term mortgages over periods of as little as 5 years enabling rapid repayment of the loan.

Frequently people seeking large mortgages are keen to have a rapid response from lenders, and Flexible-Finance always aims to ensure that the borrower receives the personal service of a specialist in this area to provide the information they require.

What type of mortgage should I go for? Repayment, Interest Only?
There is no one easy answer to this question. Much is written about the merits of the various types of mortgages (see our Mortgage Guide) but the simple fact is that you will need advice as to which option best suits your circumstances. But that’s where we can help. Contact one of our dedicated team of advisers and they will ensure that you receive their expert advice.

For a mortgage secured on a property, insurance may be required. Written quotations are available on request. APR may vary.

So, why use a mortgage broker?

Because we will help you save your time, your effort and your money!

Flexible-Finance.COM is an Appointed Representative of HL Partnership Ltd which is authorised and regulated by the Financial Services Authority.
The Mortgage information contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK. * Some of these products and services are not regulated by the Financial Services Authority

Interest Only Mortgage Advice

Often mistakenly called an endowment mortgage, interest only mortgages are loans where the lender agrees to charge purely interest throughout the term of the mortgage. You are not actually reducing the loan itself. This is why it's very important you arrange some other way to repay the loan at the end of the term, for example through an investment or savings plan.

The capital amount is to be repaid at the end of the period agreed. Normally a lender will ask you to establish a repayment vehicle for the loan at the outset although this is not always the case. Each month therefore you may make two separate payments, one to the lender and one to the investment you may have selected to repay the loan. The current options available to you in conjunction with interest only mortgages may include endowment, pension or an Individual Savings Account (ISA)

There are a variety of investment vehicles available to use to repay interest only mortgages, some offering tax advantages. The investment vehicle is entirely portable and can be taken with you to a new lender no matter how many times you might move. It is possible that your investment may provide a surplus lump sum or pay off your mortgage early. If you choose this option you will need to check that your investment or savings plan is on track to pay off the loan at the end of the term. If it doesn't grow as planned, you will have a shortfall and you'll need to think about ways of making this up.

The amount of your debt does not decrease over time, unlike the repayment mortgage option. There can be a shortfall in the fund within your investment meaning the cost of your interest only mortgage may increase over the term or alternatively you may be left with an extra sum of money to find at the end of the loan. There is no guarantee with this type of mortgage.

If you’re thinking about relying on a rise in your property’s value, be aware that property prices can fall, and property can take a long time to sell when prices are falling, so you may find it hard to minimise a heavy fall in price

The pros:

Because you're only paying off the interest, and not the loan itself, your monthly payments will be lower.

The cons:

That debt is not going to go away. Throughout the life of the mortgage, you'll need to check your investment or savings plan is on track to repay your loan at the end of the term. If you can't repay it at the end of the term you could lose your home. If you’re relying on a rise in your property’s value, there is no guarantee it will be enough to repay the loan.

So, why use a mortgage broker?
Because we will help you save your time, your effort and your money!

Flexible-Finance.COM is an Appointed Representative of HL Partnership Ltd which is authorised and regulated by the Financial Services Authority.
The Mortgage information contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK. * Some of these products and services are not regulated by the Financial Services Authority

Repayment Mortgages UK

This is widely accepted as the most straightforward of the mortgage options. A single payment is made to your lender each month covering both the interest charged on the loan as well as the repayment of the outstanding capital. Providing you maintain the payments for the entire term of the mortgage you are guaranteed to repay the loan at the end of your selected period of borrowing.

The only option with a 100% guarantee that the loan will be repaid in full at the end of the term.

In the first few years of the loan the largest proportion of your regular monthly payment goes to pay off interest – the balance outstanding is hardly reduced at all. Life cover is recommended to repay the mortgage if you die especially if you have any dependents.

Every month, the payments made to the lender go towards reducing the amount you owe as well as paying the interest they charge. So each month you're paying off a small part of your mortgage.

The pros:

It's a simple, clear method – you can see your loan getting smaller.

The cons:

Initially your payments will be mainly interest, so if you want to repay the mortgage or move house in the early years, you'll find that the amount you owe won't have gone down by very much at all.

Flexible-Finance.COM is an Appointed Representative of HL Partnership Ltd which is authorised and regulated by the Financial Services Authority.
The Mortgage information contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK

Welcome to our company

John is fully CeMAP qualified mortgage advisor. He can help you to find the best mortgage for your home, your buy to let portfolio*, your holiday home*, your overseas property*, etc.

He will visit you at your home if you wish to discuss all aspects of your financial situation and give you a penny accurate illustration showing his recommendation. 

John covers the following geographical areas: Hertfordshire, Buckinghamshire, Bedfordshire, Middlesex, Essex, North London, West London, Berkshire, Surrey, Cambridgeshire, Northamptonshire, Oxfordshire.

If your area is not listed but you would like to discuss your requirements with John give him a call or drop him an email to see if he can help you.

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Flexible-Finance.COM is an Appointed Representative of HL Partnership Ltd which is authorised and regulated by the Financial Services Authority.

The Mortgage information contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK. * Some of these products and services are not regulated by the Financial Services Authority

* Some of these products and services are not regulated by the Financial Services Authority

Family Income Benefit

Family Income Benefit

Life cover which pays your dependents an annual income following your death, for the remainder of your selected plan term. For a personal illustration on Family Income Benefit please visit this link or simply call me on 0700 5938074.

Critical Illness Cover

Critical Illness Cover is assurance that pays out if you are diagnosed with an illness specified within the policy. It is designed to help you adapt if your life is changed by an illness.

The illnesses covered by each policy will differ, so it is important to read the full details of the plan you are considering. The following illnesses are typical:

• Blindness – permanent and irreversible;
• Cancer – excluding less advanced cases;
• Coma – resulting in permanent symptoms;
• Deafness – permanent and irreversible;
• Heart Attack – of specified severity;
• Kidney Failure – requiring dialysis;
• Stroke – resulting in permanent symptoms.

Insurers may also exclude some illnesses because you already have them, or are likely to get them because of your health or lifestyle. The premiums are often reviewable, meaning they may change during the term of the policy; although, some providers offer fixed premiums that are guaranteed not to change.

Critical Illness cover is not designed as a replacement for your income. 

What is Life Insurance Cover?

Life insurance, also known as Life Assurance, is an insurance policy which pays out to the beneficiary when the insured person dies. It is not compulsory when borrowing money, for a mortgage for instance, it is however a wise decision to have for anyone who is relied upon to provide financial support in a family.

 

Loved ones may need to adjust to a new lifestyle as well as having to pay for funeral costs, outstanding debts, mortgages etc. With appropriate Life Insurance cover these financial burdens can be minimised.

In the long term it could pay for the care and maintenance of an elderly parent or a disabled child. It could also cover university expenses and generally keep your loved ones living to the standards they had become accustomed to before your death. There are different types of Life Insurance for different needs. We can advise you on the most suitable cover to protect your needs.

 

For most people the first time they think about life insurance cover is when applying for a mortgage. Most mortgage providers will ask if the borrower is insured to cover the balance of the loan should anything go wrong although during the term of the loan. It is not compulsory but a sensible thing to consider.

 

In business, Life insurance can provide the cover to ensure that a Key Person can be replaced by covering the costs of recruiting and training a replacement, even buying out shares from widowed spouses.  Providing collateral for business loans and fund share agreements, to keep the company’s equity in the right hands.

 

Life insurance being one of the simplest forms of insurance, in that it only pays out in the event of a death. As the insured you really would not want to have to claim as to claim means that something bad has happened.

For a personal illustration on your Life insurance needs call me on 07005938074

A Guide to different types of Life Insurance Cover

The two most important types of Life Insurance cover to compare are Term Insurance policies and the Whole of Life assurance policies, which cover you in case of your death for different terms (years). See below for a comparison on the different types of life insurance policies.

Life Insurance Type	Policy Information
Term Insurance	This provides cover for a fixed term and will only pay out if the person who is insured dies during that fixed term and the premiums have been paid throughout the contract term. Available on a Level, Increasing or Decreasing basis. Term cover offers a high level of cover for usually low premiums. Level Term Life Assurance Level Term Assurance is life assurance that pays out a set amount if you die within the term of the policy.  Level Term Assurance is usually used to cover fixed repayment values; for example, an interest only mortgage where the amount you owe remains the same until the end of the mortgage, or to provide a sum to your family to help support them until they can become financially independent without you. When a term assurance policy expires, it has no value. This means that if you do not die within the term, you will not receive any money back. Increasing Term Assurance does the same but will increase in cover sum assured by an agreed amount each year. The premiums will also increase annually. Mortgage Decreasing Life Assurance Mortgage Decreasing Life Assurance is used to cover a repayment mortgage where the amount you owe reduces as you repay it. The premiums won’t change during the lifetime of the policy but the amount that will be paid when you die will reduce starting from the amount of cover you specify, and ending at zero by the end of the term. When a Decreasing Term Assurance policy expires, it has no value. This means that if you do not die within the term, you will not receive any money back.
Whole Life	Provides cover for the life of the insured person as long as the monthly premiums are paid. Premiums are generally higher than those of term Insurance policies and have to be paid until death or the policy will become invalid. It is pure protection and has no cash in value.

The above table shows the basic types of Life Insurance. Each of them, have different features and benefits which make them appropriate to different people's circumstances and needs.

Term insurance provides protection against death during a specified period (term) and whole of life insurance provides protection against death at any time. This is a very important distinction to make. Term insurance will last for between one and about 30 years. Should you die during this term, your beneficiaries will receive a benefit. Whole of life insurance will always result in a payment. How much that payment is depends on what type of policy it is, for example the performance of any investments within the policy will make a difference. Most Whole of Life policies are for  a fixed sum assured and therefore have a known terminal value.

If you have Term insurance, the policy will only pay out if the life assured ends during the term of the policy. After this term, the beneficiary will not receive any payment.