Joanne Pay CeMAP, CeRER’s Post

For young people, the thought of securing a mortgage can feel impossible. It can be tough to save up a deposit substantial enough to secure the best mortgage. You can get a 95% LTV mortgage relatively easily if you meet the affordability criteria for the loan amount you need. There is also some possibility for 100% depending on your circumstances. There are also guarantor mortgages, where a family member agrees to pay the mortgage if you are unable to, family assist mortgages, when a family member loans you the deposit for a certain number of years, and there are first time buyer schemes. If you feel like you securing a mortgage is impossible, feel free to get in touch and see how I can help you. If you would like to see if I can help you, why not send me a DM, or visit my website to book a free consultation. https://lnkd.in/eTmhKP8d YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON ANY LOAN OR MORTGAGE SECURED ON IT. Joanne Pay Mortgage and Protection is an appointed representative of Mortgage Saving Experts ltd, which is authorised and regulated by the Financial Conduct Authority - FCA number 779662 Joanne Pay Mortgage and Protection is authorised and regulated by the Financial Conduct Authority- FCA number 1014198 #mortgagemythmonday #mythbuster #jpmortgageandprotection #mortgages #remortgage #knowledgeispower #buytolet #incomeprotection #protection #insurance #educate #property #womeninfinance #home #family #mortgagetips #mortgageadvice #workingmum

For young people, the thought of securing a mortgage can feel impossible. It can be tough to save up a deposit substantial enough to secure the best mortgage. You can get a 95% LTV mortgage relatively easily if you meet the affordability criteria for the loan amount you need. There is also some possibility for 100% depending on your circumstances. There are also guarantor mortgages, where a family member agrees to pay the mortgage if you are unable to, family assist mortgages, when a family member loans you the deposit for a certain number of years, and there are first time buyer schemes. If you feel like you securing a mortgage is impossible, feel free to get in touch and see how I can help you. If you would like to see if I can help you, why not send me a DM, or visit my website to book a free consultation. https://lnkd.in/eTmhKP8d YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON ANY LOAN OR MORTGAGE SECURED ON IT. Joanne Pay Mortgage and Protection is an appointed representative of Mortgage Saving Experts ltd, which is authorised and regulated by the Financial Conduct Authority - FCA number 779662 Joanne Pay Mortgage and Protection is authorised and regulated by the Financial Conduct Authority- FCA number 1014198 #mortgagemythmonday #mythbuster #jpmortgageandprotection #mortgages #remortgage #knowledgeispower #buytolet #incomeprotection #protection #insurance #educate #property #womeninfinance #home #family #mortgagetips #mortgageadvice #workingmum

The short answer is no, you don’t need to make repayments on Later Life Lending. Usually, the interest is paid when the borrower dies, and the loan is paid in full. Lenders don’t specify that borrowers need to make regular repayments, but you have the option to pay if you choose to. Kelly Flanagan is our Senior Mortgage and Protection Specialist. She’s helped lots of homeowners over the age of 55 borrow money with a later life loan and can explain what’s involved. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. There may be a fee for mortgage advice. The precise amount of the fee will depend on your circumstances and will be discussed and agreed with you at the earliest opportunity. Typically, in most cases, our fee will be £495. We charge £595 for bridging and adverse credit cases; and £995 for Later Life Lending. Equity release includes Lifetime Mortgages and Home Reversion Schemes. We can advise and arrange Lifetime Mortgages and will refer to an approved specialist for Home Reversion schemes. #mortgage #mortgagebroker #mortgagebrokerbristol #mortgagestyle #mortgages #mortgageadvice #mortgageknowledge #mortgagesupport #mortgagehelp #awardwinning

The good news is, many mortgages have a porting option attached to them! This means that as long as the new property meets the criteria of your existing mortgage, you can move the mortgage to the new property. If you need additional funds because you are buying a more expensive property. Providing you meet the affordability criteria, you can apply for a further advance on your current mortgage. Using the porting and further advance options on your mortgage means that you do not have to pay any penalties as you have not paid off the mortgage in the fixed period. If you would like to see if I can help you, why not send me a DM, or visit my website to book a free consultation. https://lnkd.in/eTmhKP8d YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON ANY LOAN OR MORTGAGE SECURED ON IT. Joanne Pay Mortgage and Protection is an appointed representative of Mortgage Saving Experts ltd, which is authorised and regulated by the Financial Conduct Authority - FCA number 779662 Joanne Pay Mortgage and Protection is authorised and regulated by the Financial Conduct Authority- FCA number 1014198 #qandawednesday #hellowednesday #jpmortgageandprotection #mortgages #remortgage #knowledgeispower #educate #property #movehome

Many (not all) lenders include porting as a part of their products. If your mortgage includes porting, this means, providing the new property meets the criteria of the existing mortgage, you can take the mortgage with you. If you require additional funds to complete your onward purchase, your broker can apply for a further advance, this is of course subject to affordability criteria being met. Porting your mortgage can be cheaper than a new mortgage, and it will save you paying any penalties if you are still within your fixed rate period. If you would like to see if I can help you, why not send me a DM, or visit my website to book a free consultation. https://lnkd.in/eTmhKP8d YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON ANY LOAN OR MORTGAGE SECURED ON IT. Joanne Pay Mortgage and Protection is an appointed representative of Mortgage Saving Experts ltd, which is authorised and regulated by the Financial Conduct Authority - FCA number 1014198 #mortgagemythmonday #mythbuster #jpmortgageandprotection #mortgages #remortgage #advice #knowledgeispower #porting #movehome #newhome #insurance #educate #property #womeninfinance #home #family #mortgagetips #mortgageadvice #workingmum

🏡 𝐃𝐨𝐧’𝐭 𝐥𝐞𝐭 𝐲𝐨𝐮𝐫 𝐦𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐬𝐭𝐨𝐩 𝐲𝐨𝐮 𝐟𝐫𝐨𝐦 𝐦𝐨𝐯𝐢𝐧𝐠 𝐡𝐨𝐮𝐬𝐞. 🏡 ➡ 🏘 Often you can port your mortgage. 𝐓𝐡𝐢𝐬 𝐦𝐞𝐚𝐧𝐬 𝐭𝐡𝐚𝐭 𝐲𝐨𝐮 𝐭𝐚𝐤𝐞 𝐲𝐨𝐮𝐫 𝐦𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮 𝐰𝐡𝐞𝐧 𝐲𝐨𝐮 𝐦𝐨𝐯𝐞. 𝐖𝐡𝐲 𝐰𝐨𝐮𝐥𝐝 𝐲𝐨𝐮 𝐝𝐨 𝐭𝐡𝐢𝐬? If you are in a fixed rate, the chances are that there will be an early repayment charge for you to exit that deal; by porting your mortgage, you won’t have to wait until the fixed rate ends and you won’t have to pay an early repayment charge – you just take the mortgage with you! 𝐒𝐨𝐦𝐞 𝐭𝐡𝐢𝐧𝐠𝐬 𝐭𝐨 𝐜𝐨𝐧𝐬𝐢𝐝𝐞𝐫: 🟠Not all mortgages are portable 🟡You will have to reapply for your mortgage as port of the process 🟢You may be adding to your mortgage (for example if you purchase a more expensive property) 🔵If you borrow more, you may have two separate loans rather than additional borrowing on the current mortgage Porting may not always be the best option for you. But don’t worry, you don’t have to explore this alone – BeAdvised by us and let the experts talk you through your choices. We will work tirelessly to get you the most suitable mortgage. 📞 01793 613012 📧 hello@beadvised.co.uk YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. BeAdvised is a trading name of BeAdvised Ltd. which is an appointed representative of 2plan wealth management Ltd which is authorised and regulated by the Financial Conduct Authority. BeAdvised Ltd. is entered on the FCA register (www.fca.org.uk) under no. 795005. Registered office: 6 Broome Manor Lane, Swindon, SN3 1LX. Registered in England and Wales Number: 10553617. #PortMortgage #MortgageAdviceUk #BeAdvised #FinancialPlanning #FinancialAdviceUK #MovingHome #HomeOwners

What is a mortgage? A mortgage in the UK is a loan used to purchase a home or property. You borrow money from a lender, like a bank, and commit to repaying the loan over a set period, usually 20 to 35 years. The property acts as security, so if you can't make payments, the lender can repossess the property through a process called repossession. Your monthly payments cover both the principal amount (the borrowed money) and the interest (the cost of borrowing). Over time, the balance shifts, and a greater portion of each payment goes towards repaying the principal. #plymouthmortgagebroker #firsttimebuyerspecialist #plymouthmortgageadvice #plymouthmortgagebrokers #plymouthmortgagehub #instamortgage #instadaily #mortgagebroker #ukmortgageadvice #lifeinsurance #criticalillnesscover #incomeprotection #homeinsurance #landlordsinsurance #mortgageexperts #mortgageadvice Call us: 01752393299 Whatsapp: 07414741438 Email: enquiries@plymouthmortgagehub.com Your home may be repossessed if you do not keep up repayments on your mortgage.

Your credit score is a crucial factor in determining your mortgage eligibility and the terms you'll be offered. Here's why: 2. Interest Rates: * Better Deals: A higher credit score often qualifies you for lower interest rates. This can significantly reduce your monthly mortgage payments over the long term. * More Options: A good credit score opens up a wider range of mortgage products and lenders to choose from. #firsttimebuyer #yourpropertyfinancial #mortgageadvice #MortgageUK 👉🏽https://lnkd.in/edS6u5Sm THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. CONSOLIDATING DEBT MAY REDUCE YOUR OUTGOINGS NOW, BUT YOU MAY END UP PAYING MORE OVERALL. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Your Property Financial Ltd (FCA Number:942504) is an Appointed Representative of PRIMIS Mortgage Network, a trading name of Personal Touch Financial Services Ltd (FCA Number: 187834). Personal Touch Financial Services Ltd is authorised and regulated by the Financial Conduct Authority. We usually charge a fee for mortgage advice. The amount of the fee will depend upon your circumstances and will be discussed and agreed with you at the earliest opportunity. The Financial Conduct Authority does not regulate some forms of buy-to-let, overseas and commercial mortgages. * * * * * #yourpropertyfinancial #mortgageTips #firsttimebuyermortgage #creditscore#creditreport #creditworthiness #financialfitness #budgeting #improvecreditscore #buildcredit #fixcredit #knowyourcredit #youngadultfinance

Many (not all) lenders include porting as a part of their products. If your mortgage includes porting, this means, providing the new property meets the criteria of the existing mortgage, you can take the mortgage with you. If you require additional funds to complete your onward purchase, your broker can apply for a further advance, this is of course subject to affordability criteria being met. Porting your mortgage can be cheaper than a new mortgage, and it will save you paying any penalties if you are still within your fixed rate period. If you would like to see if I can help you, why not send me a DM, or visit my website to book a free consultation. https://lnkd.in/eTmhKP8d YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON ANY LOAN OR MORTGAGE SECURED ON IT. Joanne Pay Mortgage and Protection is a trading style of Mortgage Saving Experts ltd, which is authorised and regulated by the Financial Conduct Authority - FCA number 779662 #mortgagemythmonday #mythbuster #jpmortgageandprotection #mymortgagelife #mortgages #remortgage #knowledgeispower #porting #movehome #newhome #insurance #educate #property #womeninfinance #home #family #mortgagetips #mortgageadvice #workingmum