Mortgage Options
Mortgages have changed. The mortgage market is a very different place to how it was several years ago.
Read the latest research on mortgage advice. Click here to download the full article.
Only a mortgage advisor who is able to search the whole of the market - offering both commission and non-commission paying deals - can offer clients an increased choice of products. Neil Soundy Financial Services is such an advisor.
The four major benefits of 'direct to lender deals' as opposed to commission paying only deals are that they usually offer:
- Reduced deposits
- Increased choice
- More competitive rates
- Lower arrangement fees
Contact Us today to see what we recommend.
On mortgages where commission is paid (broker mortgage products) there is no charge for advice. On mortgages where we do not receive commission from the lender (direct to lender deals) we charge a fee. For arranging a mortgage up to £250,000 there is a fee of £395 and for a mortgage in excess of this figure the fee is £495. These fees are payable on completion.
It is your choice whether to select a mortgage that pays commission from the lender or to pay a fixed fee. If you choose to pay a fee you will typically find that you are more than compensated in the long term due to the lower rates that can often be obtained on 'direct to lender' mortgages.
If you have already spoken to an adviser, we would recommend that you check to see if they have offered you commission paying mortgages only - and if that is the case, perhaps consider arranging a free no obligation consultation with ourselves to see if we can propose alternative direct to lender deals which offer you more favourable rates. Contact Us today to see what we recommend.
We are able to source protection products from a range of insurers to cover your borrowing and can also make recommendations on solicitors and surveyors to enable you to complete your transaction smoothly and quickly. Please Contact Us for any advice you need on mortgage protection and property completion.
Your home may be repossessed if you do not keep up repayments on your mortgage.
At the meeting I can give you a maximum borrowing figure, monthly costs and a Mortgage Promise Certificate to evidence to Estate Agents that you have a mortgage approved in principle.