House Prices And Mortgages In Sutton Coldfield

Mortgages in Sutton ColdfieldAfter many years of rising prices, the UK housing market is showing signs of a slowdown, but this is still a good time to look for mortgages in Sutton Coldfield. Figures from the Halifax House Price Index1 show that mortgage approvals are down and transaction levels have fallen.  Russell Galley, Halifax Managing Director has said that house prices remain broadly flat, and the annual rate of growth has slowed to 1.8% in February which is the lowest rate of growth since March 2013.

Although house prices are flat, if you are looking at mortgages in Sutton Coldfield you should still bear in mind that employment levels are remaining high, and mortgage rates low by historic standards. And, importantly, none of the major mortgage lenders is currently expecting prices to stage a major decline.

So if you already have a home loan and are looking to move the price you get for your house could well be balanced out by the price you pay for your new home.

As house prices are flat you may be thinking about home improvements or building an extension, so you might still be looking at mortgages in Sutton Coldfield. It is also worth pointing out that if you already have a mortgage we recommend that you review this from time to time to make sure you have the right mortgage for you, especially if over the years your circumstances have changed.

Your home may be repossessed if you do not keep up repayments on the mortgage.

At Four Oaks Financial Services our Advisers are experts in searching out the most appropriate mortgage for your specific individual circumstances. We work with a wide range of lenders, some of whom are not found on the high street.

Your first meeting with one of our qualified mortgage Advisers for mortgages in Sutton Coldfield is at our cost and without obligation. Please call us to discuss your requirements.

1 Halifax House Price Index, March 2018

Physical Pain, Endurance and Raising Money For Charity

L-R Martin Ward, MD and David Jones, Financial Adviser

The leader and organiser of The Long Walk Home, Mark Tonks has described the efforts of the walkers, including our own Managing Director, Martin Ward and Financial Adviser, David Jones as “Absolutely heroic”.

The 40 miles in one day walk for charity took place on Sunday 6th May and whilst this is difficult enough, this year the blistering heat of record temperatures for the early May Bank Holiday, soon made the walk into a mission for survival!  Martin and David walked for 11 hours non-stop, achieving the distance of 40 miles.  About a mile from the end Martin’s hands had swelled to three times their normal size, and David, who is a member of the Army Reserve, was helping to treat people for blisters and painful feet.

“The banter kept us going,” says Four Oaks MD, Martin Ward “But it was very hot which really slowed everyone down. The support-team kept having to go and get more water to help us keep going!  We are bruised and blistered, but delighted to be part of the 50+ group of walkers that have raised £10,000 for charity with more donations and sponsorship still to come in.”

The Long Walk Home is raising money for the Buddy Bag Foundation and Footsteps Counselling and Support. Buddy Bag Foundation is also Four Oaks Financial Services chosen charity.

If you would like to donate to these two very worthy causes please follow this link https://uk.virginmoneygiving.com/TheLongWalkHome2018

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Congratulations To Yomi On The Birth Of His New Son

Financial Adviser Sutton Coldfield
L – R Martin Ward, Lisa Arnold, Yomi Bashorun & Tobi, Ian Cleghorn, Simon Trevelyan

Financial Adviser, Yomi Bashorun has recently become a father for the first time. His son Oluwatobi, Tobi for short, is almost a month old, he had a water birth and weighed in at a healthy 7.7lbs.  Yomi’s wife is fine and there were no complications.

One month on Yomi said he was warned about the amount of work and lack of sleep that comes with the birth of a baby, he thought he was prepared, but it has still been a bit of a shock! After being present at the birth he also now has a new found respect for women and what they go through! Already Yomi can’t imagine life without Tobi and is sure he will be an avid Manchester United fan, just like his dad.

Charlotte Trueman Promoted To Head Of Client Support

Financial Adviser Lichfield
Charlotte Trueman Promoted to Head of Client Support

We are delighted to announce that with immediate effect Charlotte Trueman has been promoted to the position of Head of Client Support. Charlotte joined Four Oaks Financial Services in July 2017 and has been an extremely valuable member of our Client Support team.

Charlotte has a law degree and was previously the manager at an insurance company for 13 years. She is studying for her professional finance qualifications in our in-house training academy, with her next examination being on Taxation.

“I have a very personable approach to management,” says Charlotte. “In the role of Head of Client Support I will be using my managerial experience and knowledge to help the whole team to improve their knowledge and learn new skills.  This will enable everyone to handle all aspects of the wide variety of work that we undertake in support of the Financial Advisers and our clients.”

It is Charlotte’s intention to become a fully qualified Financial Adviser at some point in the future, and she sees this opportunity to learn all about the administrative and client support-side of financial planning as a tremendous opportunity.

As Head of Client Support, Charlotte has also become a member of our senior management team, and she is also looking forward to learning more about the business aspects of running a successful growing practice that supports our Financial Advisers in Lichfield and the wider area.

Remortgaging Is At Record Levels

Mortgages LichfieldData recently published by the Council of Mortgage Lenders (now part of UK Finance) says that remortgaging was at record levels during 2017 and in October alone 41,000 borrowers found a new mortgage deal. This trend is set to continue into 2018.

So what does this mean? It could indicate that more people are not moving house.  But these figures could also indicate that people are more aware that a mortgage doesn’t have to stay the same from the time you take it out, to the time you move or pay off the mortgage.

Having a mortgage review every 2 years gives mortgage borrowers peace of mind that they are not paying too much for their mortgage. On the other hand, a review could show that money could be saved by remortgaging.

Your home may be repossessed if you do not keep up repayments on the mortgage.

At Four Oaks Financial Services, our initial consultation is at our cost and we can quickly establish whether it is worth you considering switching your mortgage. Contact your qualified Adviser or our Client Liaison Team to make an appointment.