Think carefully before securing your debts against your home.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The Financial Conduct Authority do not regulate buy to let mortgages.
Whole Of Market Mortgage Service
We offer our clients a whole of market mortgage service. This means that our expert Mortgage Advisers in Sutton Coldfield and across the Midlands, have access to a wide range of lenders offering a wide range of home loans. This saves our clients time. It also prevents our clients later finding out they didn’t get the most suitable mortgage, which may ultimately result in penalties or frustrate their financial goals.
Our Advisers will take time to understand your financial circumstances and your financial goals and recommend the most suitable home loan for you. Please contact us.
Exclusive Mortgage Deals
We are part of the Quilter Financial Planning network. The largest network of Financial Advisers in the UK. In November 2019 Quilter Financial Planning was voted number 1 in the FTAdviser Top 100 Advisers Ranking.
Because of our affiliation with Quilter Financial Planning, we are able to offer exclusive deals, so by using our service you could secure a mortgage that is more cost effective than you could get by going direct to the lender yourself.
Over the longer term this can save our clients a considerable amount of money.
We Give Advice On Mortgage Lenders’ Arrangement Fees & Penalties
Our expert Mortgage Advisers will guide you through the maze of different kinds of home loans and highlight arrangement fees, as they are not all the same. They will also explain in full the pros and cons of each deal and if there are any penalties for you to be aware of.
Lenders are in competition to win your business and will offer lower headline rates to encourage you to take up your mortgage with them. Beware, there are sometimes penalties that you can overlook. This is especially important to consider if you want to pay off your mortgage early, or move house earlier than you anticipated at the time of taking out the mortgage.
Who We Arrange Mortgages For
We provide mortgages in Sutton Coldfield and right across the Midlands region. At Four Oaks Financial Services we offer advice and arrange all kinds of mortgages for all kinds of people at whatever stage they are at on life’s journey.
- First time buyers
- Buy To Let Mortgages
- Reviewing existing Mortgages
Will You Need Mortgage Protection?
Our Mortgage & Protection Advisers who give mortgage advice in Sutton Coldfield and all around the area, can also discuss what financial protection you will need in place. For example, life insurance.
Also, they will give advice on the protection you may need in place when arranging a buy-to-let mortgage. Buy-to-let properties won’t automatically be inherited by your family if you die. The lender can ask for the mortgage to be repaid in full regardless of whether the loan was in sole or joint names. The property may have to be sold to repay the loan and the future rental income lost.
Our Mortgage Support Team Is Here To Help You
We have a whole team of people who work along-side our Mortgage Advisers to help you get your mortgage agreed as quickly as possible.
If you have ever applied for a mortgage you know that getting all the paperwork together and chasing various parties can be onerous and can seem to take forever. Our in-house mortgage support team help our clients and will also liaise with solicitors and surveyors to save you time and hassle. Our aim is to help your mortgage application go through as efficiently as possible. Contact us.
Paying Your Mortgage Off Early, What You Need To Know
According to research from Santander an overpayment of as little as £10 per month can make an impact on the amount of interest you will pay over the length of your mortgage and will also reduce the term of your mortgage. They provide an example of a borrower taking out a mortgage of £200,000 over 25 years. They say that at current interest rates the borrower could save £1,146 in interest and repay the loan four months earlier. Using the same mortgage as an example but paying back and extra £100 per month could reduce the interest payment by £9,948 and shorten the length of the mortgage by three years.
On the surface this seems great. However, not all lenders allow you to overpay your mortgage and some restrict the amount you can overpay to a percentage of the amount owed. This is why we believe that you should always get tailored advice from a firm providing mortgage advice in Sutton Coldfield and the wider area.
Advice is essential especially if you have not reviewed your mortgage for some time and if you are on your lenders Standard Variable Rate (SVR), which could mean you are paying more for your mortgage each month than you need to.
How Do You Know If Your Existing Mortgage Is Costing You Too Much?
If you take out a mortgage or a remortgage with us, we will automatically review the mortgage after 12 months. Then we will continue to review it every two to three years because over time your circumstances will change, and lenders bring new mortgage deals to the market.
If you have already got a mortgage, we suggest that you review it regularly. Not everyone knows that you can review your mortgage at any time, and you don’t have to stay with your existing lender, so tell your friends and family!
What First Time Buyers Need To Know About Mortgages
We recommend that you plan at least six months ahead. There is a great deal of regulation in force so lenders now use an affordability model rather than salary multipliers to establish what amount they will give you for a mortgage.
We can research the mortgages available across the whole of the UK mortgage sector and advise you on competitive rates and importantly advise you on the most suitable mortgage option for your own financial goals and your personal circumstances. For mortgage advice in Sutton Coldfield or across the Midlands please contact us.
5% deposit mortgages are now available again, after most lenders withdrew them during the economic crisis of 2008. Some of them come with incentives such as free valuations or cashback options, but there may also be penalty clauses, so it is vital that you get expert local financial advice in Lichfield from our team of Advisers who work across the area.
You can do things to help us find the most suitable mortgage deal for you:
- Know what’s on your credit file. Knowing at an early stage of any errors or blips on your credit file will assist us greatly
- A minor error will stay on your credit file for six years and can seriously impact the lenders we can use
- We suggest not applying for credit in the months running up to taking a mortgage
- Make sure you are on the voters roll. This may seem minor, but it can cause problems when making an application to borrow
- Cancel any unused subscriptions as lenders will be looking at your expenditure record
Please contact us for a no-obligation consultation with one of our mortgage advisers. We can arrange a meeting at our modern offices to provide mortgage advice in Sutton Coldfield and beyond.