Much more than just a ‘Mortgage Broker’…

Wednesday, October 24th, 2018

Many prospective homebuyers (or indeed those looking to remortgage an existing property) use the services of a professional mortgage broker to determine what is likely to be very best mortgage deal in all the circumstances.

That said, consulting an expert may prove advantageous in other ways too.

A Good Mortgage Broker Goes Beyond just Arranging a Mortgage

A great mortgage broker will want to make sure that the process is handled as professionally as possible from start to finish and that their clients are looked after in other areas of their financial lives at every turn. Many can provide established links with other trusted and independent professionals that may prove useful to prospects in areas such as financial planning (e.g. pensions and investments), accountants (e.g. tax planning), estate agents and solicitors (e.g. property conveyancing, and other legal advice such as will preparation).

Navigating the Buy to Let Regulations

By way of example, this has become more appropriate than ever in recent months with the changes in the Buy to Let market and with the removal of mortgage interest tax relief by the year 2020. Brokers currently advising clients on Buy to Let mortgages should, (if called upon to do so by their client) be able to make introductions to an expert tax adviser who will help determine the best tax planning approach for their mutual client. This is especially important given the impact that future tax payments could have on an inappropriate investment decision made in haste!

Additionally, as pensions, investments, wills and inheritance planning may also have an impact when buying a property, an expert mortgage broker can introduce those other trusted professionals at appropriate times throughout the process.

A Fully Integrated Approach

Put simply, an integrated approach is more likely to result in a seamless and relatively trouble-free transaction, but of course as any transaction can experience the occasional setback, it is always a great idea to undertake some planning in advance and a professional expert broker can help you facilitate the entire process.

Here at Caboodle Finance, of Sutton Coldfield, Birmingham we seek to do just that.

Call us on 0121 308 9114 or alternatively click HERE to contact us via our website to hear more about how one of mortgage broking experts could help you with your bespoke project.

We very much look forward to hearing from you.

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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. CONSOLIDATING DEBTS MAY INCREASE THE TERM AND TOTAL AMOUNT PAYABLE.

Your initial consultation is free and you are under no obligation to proceed with a mortgage we recommend. There will be a fee for mortgage advice. The exact fee will depend on your circumstances and may be reduced depending on the loan amount and any commission we receive from the lender. It is estimated that the fee will be £595, but it may range from £495 to 1% of the amount you borrow. The fee is only payable on completion and can normally be added to the mortgage. This will be discussed and agreed with you before you make an application. Please ask for a personalised illustration.

Secured loan rates from 3.95% APRC, although we have plans available up to 29.9% APRC which allow us to assist customers with the most severe credit problems. The overall cost for comparison is 7.65% APRC. For secured loans a broker fee up to 10% of the loan amount borrowed may be payable on successful completion. A lender fee may also apply. The actual APRC available will depend on your circumstances. All loans are subject to status. Please ask for a personalised illustration.

The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK.

Caboodle Financial Services Ltd, registered in England at SQ2 House, 240b Lichfield Road, Four Oaks, Sutton Coldfield, West Midlands B74 2UD (number 08044670).
Caboodle Financial Services Ltd is an appointed representative of PRIMIS Mortgage Network (PRIMIS), a trading name of Advance Mortgage Funding Ltd which is authorised and regulated by the Financial Conduct Authority. PRIMIS is only responsible for the service and quality of advice provided to you in relation to mortgages, protection insurance and general insurance products. Any other product or service offered by Caboodle Financial Services Ltd may not be the responsibility of PRIMIS and may also not be subject to regulation by the Financial Conduct Authority. The Financial Conduct Authority does not regulate some forms of Buy to Let.

© 2017 Caboodle Financial Services Ltd