If you need to borrow more, or you are simply looking for a better deal, then friendly and independent advice from Seymour Mortgage Solutions Ltd can help.
Independent mortgage and protection advice is always given with your safety and security at the forefront of our minds. It’s very much business as usual for us, albeit from a temporary office at home. We are missing seeing clients in person in the office or in their own homes, but we are still doing everything possible to help clients to get better mortgage rates, borrow further funds and even purchase properties and move house during this unprecedented time.
Embracing new ways of working remotely with our clients to observe social distancing, using video conferencing and telephone appointments with our clients day and night, backed up by a secure encrypted email system to safely and securely send and receive documents and enable you to electronically sign and approve, means that no one has to leave the safety and security of their own home to get independent mortgage and protection advice.
If you are looking for a better deal on your mortgage, and are unsure about your options then we will find the solution that’s most appropriate for you, your family and your personal circumstances, even during lockdown. Our advice will take into account all the options available to get the best solution for you.
Product switching
If your current deal is coming to an end, switching products with your existing lender might be a good option for you. With our independent advice, you can be confident you are making the right decisions for now and for the foreseeable future.
Remortgaging
If your current mortgage deal is coming to an end, or if you’ve been with your existing lender for a while, this could be a very good time to think about switching lenders to get a better, more cost-effective mortgage deal.
In some cases, homeowners can save hundreds of pounds a year by moving their mortgage to a more attractive rate with a different lender. Remortgaging can also work if your property has increased in value and you want to free up some cash from the equity tied up in your home, or if you want to make higher repayments to shorten your mortgage term.
YOU MAY HAVE TO PAY AN EARLY REPAYMENT CHARGE TO YOUR EXISTING LENDER IF YOU REMORTGAGE.
Secured loans
Secured or second charge loans are separate from your existing mortgage. With this type of loan, you’re in effect taking out a new and separate mortgage in addition to your existing one, using your property as security for the repayment of the loan.
A further advance from your existing lender
If your current mortgage represents less than the maximum value that your current lender will advance you, then you could apply to increase the amount of money you borrow. Homeowners often consider this route if they want to fund home improvements, or to raise cash to provide a deposit for a second home, or to give funds to another family member to help them get onto the property ladder.
Protection for you and your mortgage
If this worldwide pandemic is making you think about how best to protect your family and home, financially as well as from a health perspective then you are not alone.
Having a mortgage is a huge responsibility. It brings with it a need to take a longer-term view of your finances, and think about what might happen if unforeseen events were to occur. This is where life assurance can play a major role in securing your financial future.
If your children, partner or relatives depend on your income to cover the cost of paying the mortgage and other living expenses, then it makes good sense to think about the protection and peace of mind that insurance can give.
There are a variety of plans available in the marketplace which can be tailored to your specific needs, and you can take out cover for critical illness and income protection for illness and accidents which mean you are unable to work too.
Seymour Mortgage Solutions are open, working remotely from our temporary home office, giving you independent mortgage and protection advice.
Existing and new clients can contact Rachel directly on 07767307193 or rachel@seymourmortgagesolutions.co.uk. Please like my facebook page @seymourmortgagesolutions, for the latest updates, guidance and information.
Rachel Seymour
A MORTGAGE IS A LOAN SECURED AGAINST YOUR PROPERTY. YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.