the mortgage FINANCE »As you may know, there are currently FRESH START Welcome... Fresh Start Finance Should you be assessing your borrowing needs?
|
|
- Clemence Bond
- 5 years ago
- Views:
Transcription
1 the mortgage Winter 2015/16 FRESH START FINANCE The newsletter from Fresh Start Finance Should you be assessing your borrowing needs?»as you may know, there are currently some decent mortgage deals on offer. Added to this, there have been various government initiatives designed to help stimulate the property market, such as increased efforts to build more homes, relaxation on some planning laws, further support for the first-time buyer, and changes to Stamp Duty (albeit not for the best for some landlords). As for property prices, there are still wide regional variations, but prices have been rising, although at a farly moderate rate, with Halifax (in Dec. 2015) forecasting a 4-6% increase across Understandably, price rises will not be good for everyone. The economy too is in slightly better shape, which may deliver some increased confidence. This could be a factor that helped grow mortgage lending across the latter part of (Source: Council of Mortgage Lenders, November 2015 release) Take control of your destiny So, irrespective of whenever the first Bank Rate interest rise will come, surely it makes sense to be pro-active. This means that you can then make plans at a time that suits Fresh Start Finance Pebbles House 29 Harden Hills, Shaw Oldham, Lancs OL2 8NE Tel: or info@freshstartfinance.uk.com Web: Time to Make Plans you, rather than being driven by external influences. For example, you may already be keen to achieve some of the following: Undertake much-needed renovations to your current home. Decide that now s the time to climb up the property ladder (or perhaps downsize). Seek out a better mortgage deal than the one you re currently on. Buy your first home, and take advantage of some of the schemes on offer. Conversely, you may look to expand your property portfolio, either through becoming a landlord, or simply want that holiday home you ve always dreamed of (see page 3 for more about this). We re here for you Whatever you want to achieve, we can endeavour to help. With tighter lending Welcome... regulations making it harder to borrow (and more rules are on their way, which have to be implemented by 21 March 2016), it makes even more sense to take advice to gauge what may work for you across the wider marketplace. In fact, that s possibly why it s no surprise that in a 2015 survey, 78% of mortgages now go through intermediaries (such as us) - a sizeable jump from 56% in (Source: IRESS Mortgage Efficiency survey, October 2015) If you d like to hear more about how we could assist with your borrowing needs, then please get in touch. You may have to pay an early repayment charge to your existing lender if you remortgage. The Financial Conduct Authority does not regulate most Buy-to-Let mortgages. to this newsletter, which covers what we believe are some of the key issues of the moment that affect mortgage products - and sets out how we may help you. Fresh Start Finance is authorised and regulated by the Financial Conduct Authority. Your property may be repossessed if you do not keep up repayments on your mortgage.
2 PROTECTION 02 Protect YOUR INCOME Did you know that each year, one million workers suddenly find themselves unable to work due to serious illness or injury? (Source: Association of British Insurers, Welfare Reform for the 21st Century, September 2014)»We insure our cars, homes, mobiles and pets against accident or damage, but do enough of us protect our income, should we be unable to work for any length of time due to an injury or illness? Surely a lengthy period off work would be a concern for any household? Yet worryingly, more than one in five (23%) Brits with savings, say they wouldn t last longer than a couple of months if they were unable to work, yet less than one in 20 protects their income! (Source: Scottish Widows, November 2015 release) Of course, you might find that you re eligible for state benefits, of limited value. Also, your employer may pay you for a period of time, but how long will that last, and will that be enough? Works when you can t So it makes sense to have a back-up plan to help top-up any payments you may receive from elsewhere. One route is to take out some Income Protection insurance. This is designed to pay out a tax-free monthly sum in the event that you are unable to work due to illness or injury. In short, it works when you can t! It pays out until you can start working again, or, in some cases, until you retire. Each policy will have different conditions, such as not being able to work in your own occupation, or any occupation, and you would obviously need to disclose any pre-existing medical issues. Once you ve got an idea of what income you may need, you can then decide when you d like your plan to kick-in (called the deferred period). The longer you wait the cheaper the premium will be. And do be sensible about how much you require (up to a maximum amount) until you re able to return to work. Again, the less you need, the lower the premium. Over 90% of claims are paid out In the latest set of statistics, 93% of all Individual Income Protection claims were paid out in The average payout covered almost a four year period and amounted to about 39,000. (Source: Association of British Insurers, August 2015 release) The payout statistics shows that whilst policyholders might need funds for a considerable period of time, they are generally not opting for life-changing amounts, but simply enough to see them through until they re able to work again. So, although you may still think: it ll never happen to me, do remember that life s unpredictable, and surely it s better: to have something and not need it, than to need something and not have it! Please get in touch if you d like to find out more. If you take out an income protection policy and stop paying premiums you won t get any money back and you ll no longer be covered. As with all insurance policies, terms, conditions and exclusions will apply. Helping the First-Time Buyer The Help-to-Buy schemes have now enabled 130,000 people to buy their own home, with 94% of all completions taking place outside of London, and 80% of the take-up coming from first-time buyers. (Source: gov.uk, Help-to-Buy, December 2015) In the Autumn Statement, the Chancellor said that: people buying a home to let should not be squeezing out families who can t afford a home to buy, and put in place further initiatives, such as: Doubling the housing budget to 2bn a year, in order to build 400,000 affordable homes by the end of the decade. Included within this would be payments to developers to build starter homes for first-time buyers, who will get a 20% discount on property worth up to 450,000 in London, and up to 250,000 elsewhere. In England, the current restrictions on who can buy a home through the Help-to-Buy shared ownership scheme will be removed from April The parameters of the Help-to-Buy Equity Loan scheme will be enhanced for Greater London increasing the upper limit of the government s loan from 20% to 40%. (Source: gov.uk, November 2015) These are just some of the proposals that will come in from 2016 and, of course, various terms and conditions will apply. However, it demonstrates that improved options do exist for the first-time buyer (across the whole country), and as part of that process we can help identify the most suitable mortgage loan for your needs. Your home may be repossessed if you do not keep up repayments on your mortgage.
3 Buy-to-Let news The continued growth of Buy-to-Let has meant that it now represents over one in seven of all outstanding mortgage lending. (Source: Council of Mortgage Lenders, May 2015 release)»to some extent, the sector has now become the victim of its own success, with both the government and regulatory bodies seeking to apply more control. In one respect, the buy-to-let market is viewed as a decent revenue source for the government s coffers. At the same time it s seen by the Bank of England to be more likely to be cyclical in nature, which it feels could impact upon a measured recovery in the economy. Stamp Duty changes The Chancellor announced in November that purchases of buy-to-let properties (and second homes) would attract an additional 3% stamp duty above the current banded levels. Some of the detail may still be up for discussion, for example, it s thought that this may exclude landlords who already own 15+ properties. However, with this ruling being applied from April 2016, we may see some increased activity in the marketplace from those looking to purchase properties, who now want to complete ahead of this date. New European rules Elsewhere, there is a new EU initiative (Mortgage Credit Directive) which has to be in place by 21 March 2016, and relates to a differentiation of consumer and business buy-to-let. The former (which may represent around 11% of the marketplace*) will be affected by the new rules, which are designed to protect the borrower. (Source: *HM Treasury, January 2015) Examples of consumer buy-to-let include when the property has been inherited and either the borrower or a relation has occupied the home, or where the borrower is unable the sell the property and decides to rent it out instead. What it means Together with the tax proposals (see right) it s vital that both existing and potential landlords do their homework. However, what won t be lost on them is the continued demand from those that struggle (or are unable) to raise a deposit to enable a property purchase. Or the fact that we re not building enough homes, swiftly enough, to meet demand. So it will be interesting to see if the current initiatives put any dent in the projections that the private rented sector will grow from around 20% of all homes to about 35% by (Source: Intermediary Mortgage Lenders Association, May 2014 report) There is no guarantee that it will be possible to arrange continuous letting of the property, nor that the rental income will be sufficient to meet the costs of the mortgage. The value of your Buy-to-Let property and income from it can go down as well as up. You may also require advice on the legal and tax issues. The Financial Conduct Authority does not regulate legal and taxation advice, and most Buy-to-Let mortgages. Your property may be repossessed if you do not keep up repayments on your mortgage. Tax changes Higher tax burdens for Buy-to-Let landlords are being phased in from April with the full impact being felt by Currently, landlords are able to offset their mortgage interest and other finance costs against the property income, thereby reducing their tax liability. Those on higher tax rates are able to receive relief at their marginal rates of 40% or 45%. By 2020 the government s plan is to restrict relief to the basic rate of income tax (20%) for all individual landlords. Some basic rate taxpayers may also be hit, as the change might push them into the higher-rate tax bracket. Example scenario For a 40% taxpayer whose buy-to-let property earns 20,000 a year, against the annual cost of 13,000 for an interest-only mortgage, the current tax paid will be 40% of 7,000. A tax bill of 2,800. Assuming the same scenario in 2020, then it s 40% of 20,000, less 20% of 13,000, resulting in a tax bill of 5,400. Some options First off, there s always a chance that the proposals may be watered down. Second, remember that buy-to-let has generally proved to be a popular tax-efficient investment, delivering steady income and capital growth. Third, think about remortgaging onto a better deal, or look for the best possible deal if just starting up. Do talk to us regarding this. Thereafter, it makes sense to also liaise with your accountant, as there are numerous routes to consider - such as limited company status, looking for alternative ways to rent your property, and, of course, there s the option to raise rents, to help make up any shortfall. HM Revenue & Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen. BUY-TO-LET 03
4 04 REMORTGAGE off SVR There are currently 1.9m mortgage borrowers sitting on their lenders Standard Variable Rate (SVR), paying above 3% interest, and representing more than one in six of all mortgage borrowers!»according to the same research, homeowners on an SVR, could be paying an average of almost 4,000 a year ( 329 a month) more than if they fixed their mortgage now. For example, the average SVR is 4.82%, whilst a two year fixed rate mortgage could be over 2% lower. (Source: HSBC, November 2015) Therefore, and possibly irrespective of whenever the Bank Rate may start to rise, it could make sense for SVR borrowers to establish if they can take advantage of the deals currently on offer. Why not give us a call if you find yourself in this situation. But, not too sure if you could remortgage? We are also aware that, perhaps due to the financial crisis and the tougher lending criteria which now exists, a sizeable number of those on SVRs may be Mortgage Prisoners. In short, these are people that might feel they re unable to move house or remortgage. If you think that you fall into this camp, it makes sense to take professional advice, as we may be able to identify a viable remortgaging option, or consider alternative ways to raise the funds. Do remember, just because you may have been turned down by one lender, doesn t mean that you may not enjoy success elsewhere. Additionally, the lenders themselves will also Mortgage Calculator Here s how to use the mortgage payments calculator: A 100,000 mortgage over 25 years, charged at a 2.5% interest rate would cost 100 x 4.49 (for Repayment) = 449 per month. Monthly payments for a mortgage per 1,000 borrowed over 25 years Interest rate % Interest-only* Repayment * Excludes any payments to a separate savings scheme, to help pay off the capital amount borrowed. This calculator only provides a guide to monthly payments and does not guarantee eligibility for a mortgage. The actual amounts that you may have to pay may be more or less than the figures shown. Please contact us for a personalised illustration. be continually amending their own interpretation of the rules, which may also work in your favour. Issues that have created Mortgage Prisoners Personal circumstances - these may have changed for the worse since the borrower initially took out the loan, such as lower earnings or divorce. Lender requirements - the lender that happily provided a mortgage loan a few years back, is likely to have now tightened its lending criteria due to recent regulatory changes, with more being introduced from 21 March Mortgages that extend (or need to extend) into retirement - a current lack of desire exists with some lenders to lend into a borrower s supposed retirement years. However, moves are afoot (particularly from the Building Societies) to address this issue, recognising that many borrowers will now continue working into their expected retirement years, or may have access to a decent pension pot to assist mortgage payments. Self-cert and Interest-only - whilst these borrowing options would have been readily available a few years back - it s not the case today - resulting in possible difficulties for some, or the need to revert from interest-only to a repayment mortgage (see the chart to calculate the possible impact). Don t despair - positive house price growth? The average UK house price has risen by almost 20% (around 32,000) over the last three years to about 196,000, which may work to your advantage, and give you some wriggle room against the deal you previously took out. (Source: Nationwide, House Prices, Q vs. Q3 2012) Your home may be repossessed if you do not keep up repayments on your mortgage.
5 Published by BlueStone Publishing. Copyright: BlueStone Publishing Limited 2015/2016. TM32 05 THINK? outside the box Did you know that there are other borrowing options out there - such as Secured Loans?»If you re looking to undertake some home improvements, but feel that for the level of funding required, remortgaging isn t the most suitable route for you, then a Secured Loan may work for you. It is an increasingly popular option for assisting this need, along with meeting other borrowing requirements. In the secured loans sector the average amount borrowed sits at around 56,500, and the enthusiasm for this marketplace continues to grow, with lending in September 2015 exceeding 93m. If this growth pattern continues, then it won t be long before the annual lending hits 1bn+. (Source: Enterprise Finance, Secured Loans Index, November 2015) Over the years, the processes for the mortgage and secured loan marketplaces has been different, however, one of the factors behind the growth secured loans has been enjoying is the looming implementation date for the Mortgage Credit Directive on 21 March Which means it brings this sector onto a similar footing as standard mortgage loans. Whilst this may limit some lending flexibility for secured loans, at the same time it opens up new avenues for the sector. So it s likely that you ll be hearing a lot more about this form of borrowing over the coming months, but don t delay if you think you may benefit from a loan now. Situations where a Secured Loan may help... A large number of mortgage borrowers are deemed Mortgage Prisoners, who may find it difficult to remortgage (particularly if they want to increase the amount borrowed). Some mortgage borrowers may be sitting on an interest-only product, where remortgaging could require them to revert to a standard repayment loan (which may cost them more each month, Secured Loans explained... It is designed for homeowners who can use part of the equity in their property to secure a loan that would sit as a second charge on top of their mortgage, which may be with a different lender. even if they secure a better interest rate deal, as part of the capital needs to be paid off too). Other mortgage borrowers may simply not want to jeopardise the current deal they re sitting on. Or some may want to consolidate their debts. Although, taking out a longer term loan such as this may mean that the borrower ends up paying more in interest payments, than if they paid off any credit or storecard amounts over a shorter term. But as the repayments for a secured loan are set over an agreed timeframe, it does provide a disciplined way to pay off borrowings. The next step As the interest rate on a secured loan tends to be higher than an average mortgage one, we need to do the maths to see how it equates against the alternatives. Talk to us to find out more. THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. Your home may be repossessed if you do not keep up repayments on your mortgage. A typical fee of 1495 may be charged for arranging your mortgage. This will be payable on offer unless otherwise agreed with you in writing. Fresh Start Finance is a broker not a lender. All mortgages are subject to status. The contents of this newsletter are believed to be correct at the date of publication (December 2015). Every care is taken that the information in The Mortgage publication is accurate at the time of going to press. However, all information and figures are subject to change and you should always make enquiries and check details and, where necessary, seek legal advice before entering into any transaction. The information in this newsletter is of a general nature. You should seek professional advice tailored to your needs and circumstances before making any decisions. Do contact us if you d like to discuss your mortgage needs: Tel: or info@freshstartfinance.uk.com Web:
Make Plans. Mortgage. Protection. Time to. »As you may know, there are currently. news. Welcome... fish4mortgage.com
Winter 2016 Mortgage & Protection The newsletter from fish4mortgage.com Should you be assessing both your borrowing and protection needs? news»as you may know, there are currently some decent mortgage
news How it could affect you If rises do occur, then it may be a concern for many, and more immediately for the
Spring 2018 Mortgage & Protection The newsletter from Man 4 Mortgages news Rising interest rates for mortgages may well be an issue to consider this year.»in March, the Bank of England left interest rates
news Your route forward To make sense of all the developments in these changing times, it s essential that you take professional advice.
Autumn 2016 Mortgage & Protection news The bulletin from Mortgage Advice (Staffs) Limited Helping you meet your borrowing and protection requirements The current climate may be a time to assess both your
Mortgage. Protection. Welcome... Peter Simpson MME (FS) Ltd 7 The Granary Newtown Grange Farm Business Park Newtown Unthank, Leicestershire LE9 9FL
Winter 2018/19 Mortgage & Protection The newsletter from MME (FS) Ltd With ongoing changes across the political and economic spectrum, plus the rules and regulations applicable to funding needs, it s no
Your route forward. To make sense of all the developments in these changing times, it s essential that you take professional advice.
Summer 2016 Mortgage & Protection The bulletin from NMS Financial Ltd news Bank of England reduces its Interest Rate to 0.25%. The current climate may be a time to assess both your borrowing and protection
Your route forward. To make sense of all the developments in these changing times, it s essential that you take professional advice.
Summer 2016 Mortgage & Protection news The newsletter from Regency Mortgage Services Regency Mortgage Services Bank of England reduces its Interest Rate to 0.25%. First change to Rate The current climate
news 1. You re approaching the end of your mortgage deal period, and want to chat
Winter 2017/18 Mortgage & Protection The newsletter from Bristol Mortgages Online news More than 2.6 million* mortgage borrowers have never experienced an environment where the Bank Rate has risen!»the
news Your route forward
Summer 2016 Mortgage & Protection The newsletter from fish4mortgage.com The current climate may be a time to assess both your borrowing and protection needs.»the implications of Brexit will obviously affect
Your route forward. To make sense of all the developments in these changing times, it s essential that you take professional advice.
Summer/Autumn 2016 Mortgage & Protection news The newsletter from John Crabtree, Crabtree Consulting Bank of England reduces its Interest Rate to 0.25%. First change to Rate in over seven years! The current
Relax - leave it to us
Winter 2015 Mortgage & Protection The newsletter from HD Consultants news»much has happened in the mortgage marketplace over the last year or so. Schemes have been launched to assist the homebuyer, and
tests and affordability rules. and residential borrowers. (thereby making savings in the longerterm).
the mortgage Summer 2017 FRESH START FINANCE The newsletter from Fresh Start Finance The last few years have delivered a substantial period of change. That s why it s essential that you consider taking
news annual uplift in product availability by the touch to hear more.
Winter 2019 Updated issue Mortgage & Protection The newsletter from Your Name Here news Your Personalised Client Newsletter (compliance checked & cleared by most Networks) Generate Business, and assist
Mortgage advice you can depend on
Mortgage advice you can depend on Whether buying your first home, buying to let, or remortgaging it s a big commitment. This guide aims to help you understand what you need to think about making you feel
news tests and affordability rules. and residential borrowers. (thereby making savings in the longerterm).
Summer 2017 Mortgage & Protection news The newsletter from South Coast Mortgage Services Ltd The last few years have delivered a substantial period of change. That s why it s essential that you consider
news Your route forward To make sense of all the developments in these changing times, it s essential that you take professional advice.
Summer 2016 Mortgage & Protection The newsletter from True Cost Mortgages The current climate may be a time to assess both your borrowing and protection needs.»the implications of Brexit will obviously
BASE RATE. renovations to your existing property. current mortgage deal.
Autumn 2018 Mortgage & Protection news The newsletter from John Crabtree, Crabtree Consulting With both an increase in the Bank of England Base Rate, along with the excellent deals currently on offer,
GUIDE TO BORROWING INTO RETIREMENT
GUIDE TO BORROWING INTO RETIREMENT BORROWING INTO RETIREMENT Even if you ve been financially savvy throughout your life, there are still important decisions you ll have to make in your later years. Naturally,
ESSENTIALLY MORTGAGES
168 Birmingham Road Shenstone Wood End Lichfield WS14 0NX T 0121 323 2070 E clientsupport@fouroaksfs.com www.fouroaksfs.com ESSENTIALLY MORTGAGES Q2 2018 ISSUE 8 MORTGAGE TRENDS WHAT S CHANGED OVER THE
Mortgage advice you can depend on
Help to Buy Mortgage advice you can depend on Whether buying your first home, or a homeowner looking to move, Help to Buy schemes help people take steps to buy a home. This guide aims to help you feel
Mortgage advice you can depend on
Our Mortgage advice you can depend on Whether buying your first home, buying to let, or remortgaging, this guide tackles the main considerations. If you want to learn more and receive advice tailored to
Relax - leave it to us
Spring 2015 Mortgage & Protection The newsletter from Your Name Here news Helping you meet your borrowing and protection requirements Updated issue! Your Personalised Client Newsletter (compliance cleared
1. Remortgaging: The Basics
Remortgage Guide There are many reasons why you might want to remortgage your home, but have been hesitant to do it. We ve created this remortgage guide to show you that remortgaging your home can actually
A helping hand with owning your home
A helping hand with owning your home We understand how important it is to have the right information to help you every step of the way when you move home or remortgage. Our guide to buying, remortgaging
news 1. You re approaching the end of your mortgage deal period, and want to chat
Autumn/Winter 2017 Mortgage & Protection The newsletter from Man 4 Mortgages news More than 2.6 million* mortgage borrowers have never experienced an environment where the Bank Rate has risen.»the increase
How much will your property cost?
Our Mortgage advice you can depend on W hether buying your first home, b uying to let, or remortgaging, this guide tackles the main considerations. I f you want to learn more and receive a dvice tailored
A HELPING HAND WITH OWNING YOUR HOME.
1 OUR GUIDE TO BUYING, REMORTGAGING AND PROTECTING YOUR HOME 1 A HELPING HAND WITH OWNING YOUR HOME. WE UNDERSTAND HOW IMPORTANT IT IS TO HAVE THE RIGHT INFORMATION TO HELP YOU EVERY STEP OF THE WAY WHEN
Life and protection insurance explained
illness Life and protection explained A guide to personal and family protection This guide explains the types of life and protection available and how they can offer you valuable peace of mind. If you
news 1. You re approaching the end of your mortgage deal period, and want to chat
Autumn/Winter 2017 Mortgage & Protection The newsletter from Your Name Here news Helping you meet your borrowing and protection requirements Bank Rate rise! Your Personalised Client Newsletter (compliance
Information for mortgage customers. Mortgages
Information for mortgage customers. Mortgages Hello. This is your guide to TSB mortgages. This guide provides lots of information about our mortgages. Some of it is relevant to everyone but some of it
A GUIDE TO MORTGAGES. Talk to your local mortgage experts and get access to hundreds of mortgages under one roof.
A GUIDE TO MORTGAGES Talk to your local mortgage experts and get access to hundreds of mortgages under one roof. 72 Topping Street Blackpool FY1 3AD 01253 294480 01253 626620 admin@optionsmortgagecentre.com
GUIDE TO RETIREMENT PLANNING MAKING THE MOST OF THE NEW PENSION RULES TO ENJOY FREEDOM AND CHOICE IN YOUR RETIREMENT
GUIDE TO RETIREMENT PLANNING MAKING THE MOST OF THE NEW PENSION RULES TO ENJOY FREEDOM AND CHOICE IN YOUR RETIREMENT FINANCIAL GUIDE Green Financial Advice is authorised and regulated by the Financial
INFORMATION FOR MORTGAGE CUSTOMERS.
INFORMATION FOR MORTGAGE CUSTOMERS. WELCOME TO YOUR GUIDE TO HALIFAX MORTGAGES. Fold back this page for a brief summary of key mortgage features. YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP
Is your pension tax efficient?
Issue 20 Summer 2017 Financial Viewpoint Is your pension tax efficient? A run-down of the allowances and tax-efficient accounts which reduce your tax liability. Pension Advice Allowance A government initiative
INFORMATION ABOUT YOUR MORTGAGE: A GUIDE TO MORTGAGES ON PROPERTIES TO BE LET
INFORMATION ABOUT YOUR MORTGAGE: A GUIDE TO MORTGAGES ON PROPERTIES TO BE LET INTRODUCTION This guide gives details of our mortgages and is split into two parts: The first part is useful for customers
RELAX... Mortgage. Protection. We ll let you. »This advice could relate to the. news. Welcome...
Summer 2017 Mortgage & Protection The newsletter from The Mortgage Zone Ltd The last few years have delivered a substantial period of change. That s why it s essential that you consider taking professional
Life and protection insurance explained
protection? illness Life and protection explained A guide to personal and family protection This guide explains the types of life and protection available and how they can offer you valuable peace of mind.
A Guide to. Mortgages
A Guide to Mortgages Congratulations! You have made your first step towards getting the right mortgage to help you buy your first home, become a buy-to-let landlord or simply find a better deal on your
Keyline Financial Solutions Ltd
Keyline Financial Solutions Ltd Adviser Summer 2018 In this issue: Individual Savings Accounts (ISAs) Are you thinking about retirement? Tax relief reductions racing ahead Buy-to-let could still be a good
Ken MacDonald & Co Lawyers and Estate Agents Mortgages: A Guide
Ken MacDonald & Co Lawyers and Estate Agents Mortgages: A Guide Introduction A mortgage is a sum of money borrowed from a bank or building society in order to purchase property. The money is then paid
news tests and affordability rules. and residential borrowers. may want to overpay when you can (thereby making savings in the longerterm).
Autumn 2017 Mortgage & Protection The newsletter from Your Name Here news Helping you meet your borrowing and protection requirements Autumn issue Your Personalised Client Newsletter (compliance cleared
Unlocking the potential from your own home. How to leverage your equity to buy an investment property
Unlocking the potential from your own home How to leverage your equity to buy an investment property Presented by Momentum Wealth Momentum Wealth IP Pty Ltd 2014 Contents 3 5 6 8 10 11 What makes your
Guide to contractor mortgages
guides i Guide to contractor mortgages Obtaining a mortgage as a contractor or freelancer used to be a hassle. Learn about how this has changed and your options in this guide. people advice technology
Life and protection insurance explained
Personal and family protection Life and protection insurance explained This guide explains the types of life and protection insurance available and how they can offer you valuable peace of mind. If you
Equity Release Lifetime Mortgages. Making your property work for you in retirement
Equity Release Lifetime Mortgages Making your property work for you in retirement Contents 03 Getting more out of your retirement 04 What is a lifetime mortgage? 05 Some things to consider 08 Alternatives
tests and affordability rules. and residential borrowers. (thereby making savings in the longerterm).
Summer/Autumn 2017 Mortgage & Protection news The newsletter from John Crabtree, Crabtree Consulting The last few years have delivered a substantial period of change. That s why it s essential that you
ESSENTIALLY MORTGAGES HOW TO BE A WINNER IN A SLOWER HOUSING MARKET WHAT TO DO WHEN YOUR FIXED-RATE MORTGAGE DEAL COMES TO AN END
Lazenby s Financial Services T: 0113 322 0700 T: 0113 322 0702 E: advice@lazenbysfs.co.uk E: mortgage@lazenbysfs.co.uk W: www.lazenbysfs.co.uk Wira House, Wira Business Park, Suite 2, First Floor, West
GUIDE TO FUNDING HOME IMPROVEMENTS
GUIDE TO FUNDING HOME IMPROVEMENTS FUNDING HOME IMPROVEMENTS If you re a budding property developer, renovating your home is the perfect way to get the house of your dreams for a fraction of the price.
OUR GUIDE TO BUYING, REMORTGAGING AND PROTECTING YOUR HOME
1 AND PROTECTING YOUR HOME A HELPING HAND WITH OWNING YOUR HOME. Taking on the purchase of a house can be daunting. With this step-by-step guide, we hope to make the journey a little less overwhelming.
GET YOUR HOUSE IN ORDER
GET YOUR HOUSE IN ORDER Find out how remortgaging could make you better off REMORTGAGING FOR A BETTER DEAL Whether you re reaching the end of your current mortgage deal, or simply planning ahead, choosing
Guide to Self-Invested Personal Pensions
NOVEMBER 2017 Guide to Self-Invested Personal Pensions Putting you in control of your financial future 02 GUIDE TO SELF-INVESTED PERSONAL PENSIONS Welcome Putting you in control of your financial future
Self-Invested Personal Pensions Putting you in control of your financial future
NOVEMBER 2017 Guide to Self-Invested Personal Pensions Putting you in control of your financial future 02 GUIDE TO SELF-INVESTED PERSONAL PENSIONS GUIDE TO SELF-INVESTED PERSONAL PENSIONS Contents 02 Welcome
THE NTT EUROPE COMPANY PENSION GROUP PERSONAL PENSION. A guide to help you prepare for the retirement you want
THE NTT EUROPE COMPANY PENSION GROUP PERSONAL PENSION A guide to help you prepare for the retirement you want Your NTT Europe company pension is provided by Scottish Widows. SUPPORTING LITERATURE AND TOOLS
Do you know your credit rating?
Financial Viewpoint Do you know your credit rating? High inflation hits workers and savers A low credit score could impact your chances of a mortgage. Reduced spending power calls for a new investment strategy.
GUIDE TO OUR MORTGAGE & PROTECTION SERVICES. Affordable and sustainable solutions designed for you
GUIDE TO OUR MORTGAGE & PROTECTION SERVICES Affordable and sustainable solutions designed for you 2 GUIDE TO OUR MORTGAGE & PROTECTION SERVICES Contents Intrinsic shares our values and beliefs about being
Helping the unconventional with buy-to-let. Example scenarios
Helping the unconventional with buy-to-let Example scenarios Contents Buy-to-let range 4 Octopus Property, a property company with a difference 5 Client scenarios Helping foreign nationals obtain finance
Life insurance. Serious and critical illness insurance
protection? Life illness Life and protection explained A guide to personal and family protection his guide explains the types of life and p rotection available and how t hey can offer you valuable peace
The Mortgage Guide. Helping you find the right mortgage for you. Brought to you by. V a
The Mortgage Guide Helping you find the right mortgage for you Brought to you by V0050713a Hello. We re the Which? Mortgage Advisers team. Buying a house is the biggest financial commitment most of us
The Mortgage Guide Helping you find the right mortgage for you
The Mortgage Guide Helping you find the right mortgage for you Hello. We re the Which? Mortgage Advisers team. Buying a house is the biggest financial commitment most of us ever make. And it can be stressful.
Make one day today with
Make one day today with Contact us By telephone 08456 000 00 1 By typetalk (18002) 08456 000 00 1 By Minicom 08456 10 10 56 By post By web The One account, Woodland Place, Pinetrees Road, Norwich NR7 9EJ
A HELPING HAND WITH OWNING YOUR HOME.
OUR GUIDE TO BUYING, REMORTGAGING AND PROTECTING YOUR HOME A HELPING HAND WITH OWNING YOUR HOME. WE UNDERSTAND HOW IMPORTANT IT IS TO HAVE THE RIGHT INFORMATION TO HELP YOU EVERY STEP OF THE WAY WHEN YOU
Buy to Let Mortgages. 27 June We have two ranges of Buy to Let mortgages:
27 June 2017 We have two ranges of Buy to Let mortgages: Special Situations for landlords who want to buy and refurbish a property before letting it out, and for experienced British landlords currently
Choosing the right mortgage...
Choosing the right mortgage... There are many types of mortgages available on the market, and it can be confusing to know which one is right for you. We've outlined the basics in this guide, but our advice
ESSENTIALLY MORTGAGES
Lazenby s Financial Services T: 03 322 0700 T: 03 322 0702 E: advice@lazenbysfs.co.uk E: mortgage@lazenbysfs.co.uk W: www.lazenbysfs.co.uk Wira House, Wira Business Park, Suite 2, First Floor, West Park
BUY TO LET OWNERSHIP OPTIONS
BUY TO LET OWNERSHIP OPTIONS WE RE THE UK S LEADING FEE FREE MORTGAGE BROKER Should the property be owned personally or through a limited company? Contents p3 p9 Should the property be owned personally
All you need to know Optional Payment Lifetime Mortgage
All you need to know Optional Payment Lifetime Mortgage Contents Section 1 All about our Lifetime Mortgages 3 Section 2 Applying for a lifetime mortgage 11 Section 3 What happens if your circumstances
INFORMATION ABOUT YOUR MORTGAGE.
INFORMATION ABOUT YOUR MORTGAGE. WELCOME TO YOUR GUIDE TO HALIFAX MORTGAGES. Please read this booklet alongside your mortgage conditions and offer letter. It explains our most often used policies and procedures.
Equity Release. A guide to our Lifetime Mortgage products
Equity Release A guide to our Lifetime Mortgage products Introducing Retirement Advantage 2 A guide to our Lifetime Mortgage products Retirement Advantage is a wellestablished company that can trace its
Wealth. Your window on WINTER In this edition
Thomson Cooper Accountants Dunfermline: 01383 628800 Edinburgh: 0131 226 2233 E: info@thomsoncooper.com W: www.thomsoncooper.com Your window on Wealth WINTER 2019 In this edition What money rules would
ESSENTIALLY WEALTH ARE YOU A FINANCIALLY- AWARE FAMILY? LATER LIFE PLANNING WHAT YOU NEED TO KNOW MANAGING CAPITAL GAINS TAX Q ISSUE 10
ESSENTIALLY WEALTH Q4 208 ISSUE 0 ARE YOU A FINANCIALLY- AWARE FAMILY? LATER LIFE PLANNING WHAT YOU NEED TO KNOW MANAGING CAPITAL GAINS TAX ashwoodlaw wealth management Ashwood Law House Newton Road, Heather,
Use your property to your advantage. A guide to our Second Home and Buy to Let Products
Use your property to your advantage A guide to our Second Home and Buy to Let Products Introducing Retirement Advantage 2 A guide to our Second Home and Buy to Let Products Previously known as MGM Advantage
Limited product range? It s just not us.
Limited product range? It s just not us. This information is for use by FCA authorised intermediaries only and must not be distributed to potential borrowers. We believe in making life easier for our brokers,
Guide to trusts. A brief guide to Trusts and our Trustbuilder tool
Guide to trusts A brief guide to Trusts and our Trustbuilder tool A Brief guide to Trusts and our Trustbuilder tool Introduction This brief guide explains some of the main features and benefits of our
Taking charge of Shared Ownership
1 Taking charge of Shared Ownership What is it? It s a lot like buying any other home, except you don t have to pay the full price. How big is my share? It s up to you and the scheme. Most shared ownership
Guide to Buying Your House
Guide to Buying Your House Good Mortgage Solutions Limited 12 Halegrove Court, Cygnet Drive, Stockton. TS18 3DB 01642 671747 Email: paul@goodmortgagesolutions.co.uk Choosing a mortgage is one of the biggest
An introduction to the Cofunds Pension Account
Product guide for self-directed investors An introduction to the Cofunds Pension Account provided by Suffolk Life A straightforward way to plan for your retirement Contents Introduction 1 The experts behind
Workplace pensions Frequently asked questions. This leaflet answers some of the questions you may have about workplace pensions
Workplace pensions Frequently asked questions This leaflet answers some of the questions you may have about workplace pensions July 2013 Page 1 of 16 About workplace pensions Q1. Is everyone being enrolled
All you need to know about the Government s plans to restrict finance cost relief for individual landlords
All you need to know about the Government s plans to restrict finance cost relief for individual landlords What is the proposal and when was it announced? The proposal was announced in the Chancellor s
Mortgages. A mortgage from the Scottish. Opens lots of new doors
Mortgages A mortgage from the Scottish Opens lots of new doors Moving home made easy In branch experts Whether you re an existing customer or you re new to the Scottish, we value your business and we aim
Use your property to your advantage. A guide to our Buy-to-Let products
Use your property to your advantage A guide to our Buy-to-Let products Introducing Retirement Advantage 2 A guide to our Buy-to-Let products Retirement Advantage is a wellestablished company that can trace
SAMPLE ESSENTIALLY WEALTH ARE YOU A FINANCIALLY- AWARE FAMILY? LATER LIFE PLANNING WHAT YOU NEED TO KNOW MANAGING CAPITAL GAINS TAX
FINANCIAL LEGAL ACCOUNTANCY This is a sample please contact us on 0279 657555 for more information. ESSENTIALLY WEALTH Q4 208 ISSUE 0 The Outsourced Marketing Department Ltd. Studio F20, Allen House, Station
RIGHT UP YOUR STREET.
BUY TO LET LANDLORDS GUIDE RIGHT UP YOUR STREET. More and more people are renting. As a landlord you ve got enough to think about, without worrying if you ve made the right financial choices. Our advisers
years INTEREST ONLY MORTGAGES
HOMEBUYER S GUIDE Buying a new home can be a potentially daunting process so we ve prepared this step-by-step guide to help you. It outlines the buying process and gives a guide to the different types
Workplace pensions - Frequently Asked Questions
Workplace pensions - Frequently Asked Questions This leaflet answers some of the questions you may have about workplace pensions. Q1. Is everyone being enrolled into a workplace pension? Q2. When will
Helping your loved ones. Simple steps to providing for your family and friends
Helping your loved ones Simple steps to providing for your family and friends Contents 01 How can I take control of who gets what? 02 Inheritance Tax 05 Do you know how much you re worth? 07 Making lifetime
THE AURUM COMPANY PENSION GROUP PERSONAL PENSION. A guide to help you prepare for the retirement you want
THE AURUM COMPANY PENSION GROUP PERSONAL PENSION A guide to help you prepare for the retirement you want Your AURUM company pension is provided by Scottish Widows. SUPPORTING LITERATURE AND TOOLS TO HELP
SHEDDING LIGHT ON LIFE INSURANCE
SHEDDING LIGHT ON LIFE INSURANCE A practical guide LEARN MORE ABOUT Safeguarding your loved ones Protecting your future Ensuring your dreams live on Life s brighter under the sun About this guide We ve
Protection STAY ON TRACK. Your quick-start guide to state benefits. For advisers only
Protection STAY ON TRACK Your quick-start guide to state benefits For advisers only 01 WHAT S INSIDE 03 Introduction 04 The I don t need it challenge 05 State benefits are changing 06 What else has changed?
THE ARMED FORCES STAKEHOLDER PENSION SCHEME A GUIDE TO HELP YOU PREPARE FOR THE RETIREMENT YOU WANT
THE ARMED FORCES STAKEHOLDER PENSION SCHEME A GUIDE TO HELP YOU PREPARE FOR THE RETIREMENT YOU WANT The Official Armed Forces pension scheme is provided by Scottish Widows. SUPPORTING LITERATURE AND TOOLS
Meaningful financial planning. Putting you in the best place to achieve your financial goals
Meaningful financial planning Putting you in the best place to achieve your financial goals Helping you achieve your financial goals We believe having a financial plan in place will help you achieve your
Guide to trusts. A brief guide to Trusts and our Trustbuilder tool. Trusts the basics. Settlor makes a gift to the trust
Guide to trusts A brief guide to Trusts and our Trustbuilder tool This brief guide explains some of the main features and benefits of our trusts, and gives you some information to help you decide whether
An introduction to the Cofunds Pension Account
Product guide for self-directed investors An introduction to the Cofunds Pension Account provided by Suffolk Life A straightforward way to plan for your retirement Contents Introduction 1 The experts behind
Your guide to Releasing cash from your home. Lifetime mortgages that do more from
Your guide to Releasing cash from your home Lifetime mortgages that do more from Shouldn t there be more to life than worrying about money in retirement? That s what we believe and that s why more 2 life
Getting Lenders to Like You!
Getting Lenders to Like You! By Lisa Orme Property Finance Specialist Lenders have so much choice about who they lend to these days you need to make yourself as attractive as possible to give yourself
Buy to Let Mortgages. 20 February We have two ranges of Buy to Let mortgages:
20 February 2017 We have two ranges of Buy to Let mortgages: Special Situations for landlords who want to buy and refurbish a property before letting it out, and for experienced British landlords currently
SAMPLE ESSENTIALLY MORTGAGES HOUSE PRICE HISTORY HOW THE MARKET HAS CHANGED WILL YOU BE PAYING YOUR MORTGAGE AT 70? BUY-TO-LET DO YOUR HOMEWORK
FINANCIAL LEGAL ACCOUNTANCY This is a sample please contact us on 01279 657555 for more information. ESSENTIALLY MORTGAGES Q4 2018 ISSUE 10 The Outsourced Marketing Department Ltd. Studio F20, Allen House,
YOUR COMPANY PENSION GROUP PERSONAL PENSION. A guide to help you prepare for the retirement you want
YOUR COMPANY PENSION GROUP PERSONAL PENSION A guide to help you prepare for the retirement you want WELCOME TO YOUR SCOTTISH WIDOWS WORKPLACE PENSION Everyone needs a plan for their retirement. This guide
PROTECTION AND YOUR FINANCIAL PLANNING CONVERSATIONS
PROTECTION AND YOUR FINANCIAL PLANNING CONVERSATIONS CONVERSATION STARTERS This information is for UK financial adviser use only and should not be distributed to, or relied upon by, any other person. While
Help to Buy Buyers Guide
Help to Buy Buyers Guide Homes England http://www.homesengland.gov.uk/helptobuy Page 1 of 29 Contents Key information... 3 What is Help to Buy?... 4 Help to Buy overview... 5 How does it work?... 6 Who
THE IMPORTANCE OFPERSONAL PROTECTION
THE IMPORTANCE OFPERSONAL PROTECTION THE IMPORTANCE OF PERSONAL PROTECTION You re reading this leaflet because your Financial Adviser has identified you have a protection need. They ll help you understand
You should buy a house as soon as possible, because it s the
1 CHAPTER Buy a House ASAP You should buy a house as soon as possible, because it s the one investment you can make with money you have to spend anyway. After all, you have to pay money to live somewhere.