Your home may be repossessed if you do not keep up repayments on the mortgage.
The Financial Conduct Authority do not regulate buy to let mortgages.
Expert Mortgage Advice
For local financial advice on mortgages in Lichfield, or mortgages in the Tamworth and Sutton Coldfield area talk to one of our qualified mortgage advisers. We will give you advice and undertake whole of market mortgage research from across the UK mortgage industry to find the most suitable options for you. Many of which are not available on the high street.
At Four Oaks Financial Services we offer advice and arrange all kinds of mortgages for:
- First time buyers
- Buy To Let Mortgages
- Existing Mortgage Reviews
Is Your Existing Mortgage Costing You Too Much?
Not everyone knows that you can review your mortgage at any time, and it is wise to review your mortgage to make sure you are still getting the most suitable deal for you. We recommend every two years.
A review of your existing mortgage will be carried out by one of our qualified advisers who are adept at providing local people with local financial advice and can meet with you at our offices in Shenstone Wood End (onsite parking), which is just a short drive from Sutton Coldfield, Tamworth and Lichfield or we can visit you in your home throughout the Birmingham area.
According to figures released by the Council of Mortgage Lenders (now part of Finance UK), 2017 was a record year to remortgages, with 41,000 people finding a new mortgage deal in October 2017 alone.
Whether you live in Lichfield or anywhere in the local area when we talk to you about mortgages we take time to understand your exact circumstances and how the mortgage fits with your overall financial planning. Taking out a mortgage for a property in Sutton Coldfield or anywhere in the area is an important decision.
Are You On A Standard Variable Rate?
Lots of people have their mortgage on their lender’s Standard Variable Rate. These can rise or fall at the lenders discretion so although they offer flexibility there is little certainty as to what your monthly repayments will be in the future. Borrowers with fixed rates that are ending may automatically revert to the Standard Variable Rate without getting a mortgage review. The consequences are that you could be paying many thousands of pounds more than you need to over the life of your mortgage.
We highly recommend that you contact one of our Mortgage Advisers and talk to them about a mortgage review.
Mortgage Advice For First Time Buyers
Plan ahead, at least six months ahead is what we recommend. There is a great deal of mortgage regulation in force so lenders now use an affordability model rather than salary multipliers to establish what they will lend you for your mortgage.
We can research the mortgages available in 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.
But, 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
Tailored Mortgage Solutions
Every mortgage solution our qualified mortgage advisers suggest is tailored to your needs.
Whether you are:
- Looking for a first time buyer mortgage
- Interested in a help to buy mortgage
- Looking to remortgage
- Self employed and looking for a mortgage
- Interested in a buy to let mortgage
- Looking for an existing mortgage review
If you are looking for a new mortgage in Lichfield because you are moving house, or looking to fund some home improvements with a remortgage in Sutton Coldfield, or you want to review your current mortgage arrangements for a Tamworth property one of our financial advisers will be able to help you.
As well as arranging residential mortgages we can also assist with other types of funding for example bridging finance and second charge funding for your short-term financial requirements. Advice on this kind of funding is via referral to our network, Intrinsic Masterbrokers. If you are looking for a self-build mortgage we can advise on the requirements of different lenders and if you have multiple buy to let properties we can talk to you about limited company portfolios.
If you have a less than perfect credit history this doesn’t automatically mean you can’t get a mortgage. Talk to our mortgage advisers and we will advise you on your options.
Beware Of Lenders Arrangement Fees & Penalties
Mortgage lenders are in competition with each other for your valuable business. They are therefore willing to offer incentives to entice you. But beware some mortgage plans tie you in or carry penalties.
There are so many types of mortgage available that it is easy to become confused, possibly opting for the product offering the lowest headline rate of interest. But when booking and arrangement fees, conditional insurances, higher lending charges, lock-ins and early repayment charges are taken into account, the products may not be as attractive as you might have first thought.
Please contact us for a no-obligation consultation with one of our mortgage advisers. We can arrange a meeting at our modern offices to discuss your mortgage for Lichfield properties and Mortgages for Sutton Coldfield or Tamworth property mortgages,
Have You Made A Will?
Looking for a mortgage can indicate that you have a change in personal circumstances so perhaps reviewing or making a Will is also on your to do list. We share offices with Four Oaks Legal Services, visit their website to see what they can offer www.fouroakslegalservices.com
By clicking on the above link, you are now departing from the regulatory site Four Oaks Financial Services Limited. Neither Four Oaks Financial Services Limited nor Intrinsic are responsible for the accuracy of the information contained within the site.
Will Writing is not regulated by the Financial Conduct Authority.
Four Oaks Financial Services Limited is an appointed representative of Intrinsic Financial Planning Limited and Intrinsic Mortgage Planning Limited which are authorised and regulated by the Financial Conduct Authority. Intrinsic is not responsible for the activities provided by Four Oaks Legal Services Limited.