First Time Buyers
What an exciting time buying your first property! Many first time buyers despair of getting a mortgage. Although lenders are bound by the same general principles, there are variations in the way they apply them. It really pays to work with an adviser. Our market knowledge means that we can help with your application, saving time and stress.
So whether you're planning to get married or have even just got married, buying your first home shouldn't be a stressful or daunting experience yet sometimes not knowing which lender to turn to alongside all the different terminology and processes - It can be!
Of course there are the usual questions, such as the type of loan you should go for — fixed or tracker, for example — but in the current market lenders are far stricter with their lending criteria. Because of this, the knowledge and contacts of a professional mortgage broker such as King Mortgages can be the difference between a costly mortgage and a competitive one.
We will guide you through every single step and make the whole process very easy. Let us take away the strain and pressure of it all whilst we liase with the solicitors, estate agents and lenders to inform you of the progress of your first property.
Wills & Trusts
A Will is a set of instructions that deals with your dispursements of your assets in the event of your death. If you own a house or you have children, then it is recommended that you have a Will in place.
Will trusts are the legal elements which distinguish a basic Will from an advanced Will.
Will trusts are the way in which inheritance is deferred, or delayed, for somebody after your death. They are also known as testamentary trusts.
Will trusts are different from trusts made in a person’s lifetime, such as asset protection trusts, or pilot trusts, because they are activated upon your death. This means you can keep or own something yourself right up until you die, at which time the trust holds it. The trust holds it until the condition of the trust is met.
Most commonly, Will trusts are used to protect an asset such as the home, for which we use Protected Property Trusts; or to defer a child’s inheritance through a Discretionary Children’s Trust until such time as they are financially responsible.
You can have as many Will trusts in your Will as you wish. It is common to have a trust for each property you own and one for disposable liquid assets, such as cash savings.
At King Mortgages we have well trained, professional will writers who will ensure that your wishes are documented properly and correctly. We can:
Establish your needs and answer any questions you may have.
Meet you at your convenience to take your instructions and help to answer any inheritance tax questions.
Provide you with a well written, professionally bound will.
Offer you storage, witness and executor facilities if required.
Call us for a no obligation chat!
Buying your next property can be very stressfull and even more so when you have children.
Let us take the pressure off and help you through the steps swiftly.
Re-mortgaging shouldn't be a hassle and
in recent years, many borrowers have taken advantage of highly competitive discounted or short-term fixed rates. While these rates have served them well for two or three years, many will be coming to an end in the months ahead and the new lending landscape may seem more confusing and alien than before.
To avoid missing out on securing another good mortgage product, it is important that borrowers look into the possibility of remortgaging their property, possibly (but not always) to another lender. Doing so can save them a significant sum of money over time.
You may want to consolidate some debts or finally build that conservatory that you've been meaning to do for ages! We can help out work your affordability and see exactly what will fit into your budget.
Whether it's a Buy-To-Let or a Let-To-Buy mortgage that you're interested in we're here to help. Quite possibly as well, you may want to raise some extra capital to pay off some debts or build that extension that you've always wanted.
This type of mortgage allows a buyer to raise money on their existing property, which may then be rented out, to assist with the purchase of a new home.
For many buyers, finding their new home is not the main issue, but selling their existing one is the frustrating part. Therefore a growing number of people are looking at keeping their existing property and becoming landlords themselves as there are in some areas a growing demand for rental properties.
At King Mortgages we always aim to give you the best advice and a full explaination of the whole process to make it a stress-free process from start to finish.
Right, you've just taken out the biggest financial commitment of your lives - The next step is to ensure that both it and you have adequate protection so that you can remain in your home and ensure that your family are provided for in case of the worse.
King Mortgages offer a range of different insurance providers to ensure you are fully protected. We can give you the best advice and guidance on products such as;
* Level Term and Decreasing Terms
* Family Income Benefits
* Critical Illness Cover
* Income Protection
* Home Insurance
Please get in touch with us for free advice and to
make sure that you and your family are fully protected
Adverse (Bad) Credit
A lot of us have had some poor or adverse credit issues at some point in our lives. Depending on what that issue is does not necessarily stop us getting a mortgage.
If you've had a CCJ, missed payments, IVA or even been bankrupt then most high street lenders products will not be available. However, that's where we can certainly help as we specialise in this area and have lenders which some only deal with intermediaries and offer us great products to help you get your mortgage.
Obtaining your credit record is very helpful in this matter not only for you but for us too so we can make a proper assessment of your own situation. For more information and help on this topic please call us as soon possible!
*Wills are not regulated by the Financial Conduct Authority
*You may have to pay an early repayment charge to your existing lender if you re-mortgage.
*Think carefully before securing other debts against your home.
*As with all insurance policies, conditions and exclusions will apply.
*Not all buy-to-let mortgages are regulated by the Financial Conduct Authority.