Independent Mortgage Advice.

Complete our FREE, NO OBLIGATION form online, and we’ll compare quotes from the UK’s leading life insurance providers for you!


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We are a totally independent intermediary committed to finding you the most competitive mortgage price from the entire market – NOT, unlike many other providers, from selected affiliates. Once we’ve provided you with your tailored quote, there’s no pressure and no obligation. You decide whether you wish to proceed.

The Mortgage Calculator

About the calculator

Calculations are an indication only, based on annual salary. Lenders also consider your other financial commitments, and the size of your deposit, when making a decision.

Why choose Freedom to Insure?

Our priority is the happiness and security of our customers and their families. We are committed to finding the right mortgage for you, and will guide you through the entire process using terminology you can understand. If you’re remortgaging, we’ll work tirelessly to find you a better deal and will give you honest advice – even if that advice is that you stay with your current lender.

Many direct lenders offer attractive deals – but be wary of these, they’re often not what they seem. Our independent financial advisor can check out these deals and can advise if there are any hidden charges, tie-in periods or other technicalities that you didn’t know about in the small print.

Use the enquiry form at the top right of this page to seek advice from Freedom to Insure and, instead of providing you with an impenetrable list of lenders, prices and technicalities, we’ll find the deal that suits you best.

First-Time Buyers.

Mortgages for First Time Buyers

The prospect of buying your first home, the largest financial transaction you’re every likely to make, can be daunting and confusing. Our aim is to guide you through the process from start to finish, so you’re aware of exactly what the purchase entails and its cost.

Prior to the recession, the property market moved quickly, leading to significant increases in property prices. This made it very difficult for first-time buyers to afford a home. The recession saw property prices drop, making housing much more affordable in many regions of the UK.

However, since the end of 2013, house prices have begun to rise. However, the recession’s effect of global financial uncertainty still lingers, meaning affordable mortgages may be difficult to come by and borrowing criteria is likely to be stringent. There are, though, still a significant number of lenders to choose from, and we will search the market to find a mortgage best suited to your needs.

Getting on the ladder

First-time buying does have its advantages. Interest rates are currently very low, and first-time buyers can be appealing to sellers. As we have access to many lenders, we are well-placed to provide assistance in getting on the ladder. Substantial deposits are now required to get a mortgage (the absolute minimum being around 5%, though this is rare), so you might wish to consider getting further assistance from the government’s ‘Help to Buy’ scheme.

Help to Buy

The ‘Help to Buy’ scheme was launched in April 2013, offering equity loans to first-time buyers, as well as existing homeowners, by providing them with a loan of 20% of the property value. This scheme applies to newly-built properties only, and with the purchaser only being required to put down a 5% deposit, a mortgage of only 75% would be required from a lender. This scheme is available in England until March 31, 2016.

The second phase of the scheme came into effect in October 2013. This allows first-time buyers or existing homeowners to purchase a new build property anywhere in the UK with a deposit as low as 5%. A 95% mortgage is required, with the government guaranteeing a loan of 15% of the property’s value. This mortgage guarantee scheme is available for properties with a purchase price of up to £600,000.

Repayment.

Mortgages are repaid monthly over a negotiable period of time (usually 25 years). There is some flexibility with repayments, with overpayments, payment holidays and borrowing back previous overpayments all permitted.

Taking out an interest-only mortgage means you only pay off the interest on the amount you’ve taken out, so the borrower must be sure to save money to eventually pay off the capital. Monthly mortgage payments may be higher than interest-only mortgages covered by an investment/life assurance product to repay the capital. It’s also a good idea to be aware that you will only pay off a small amount of capital in the early years of repayment, as the monthly mortgage payment consists of a higher proportion of interest-to-capital repayment.

Commercial Mortgages.

If you’re looking to finance the purchase of land and/or buildings for your business, a commercial mortgage will probably provide the most flexible and affordable financing solution. A commercial mortgage is a specialised commercial loan and as such the lender has a legal claim over the property until the loan has been fully repaid.

As with a residential mortgage, the commercial lender can hold the title deeds to the property as security. In the event of arrears, the lender can repossess the property.

A business owner who wants to fund their premises may use an ‘owner occupied’ commercial mortgage.

A landlord can buy to let commercially – purchasing a commercial property for investment purposes (such as renting out office space) and rely on the rental income to provide a profit.

Buying Commercial Premises – Advantages and Disadvantages

Buying commercial premises can be a good investment, but before you commit, it’s important to carefully consider the pros and cons:

Advantages:

  • The acquisition of property adds stability to your business and the property can become a significant asset;
  • A fixed-rate mortgage means you will have predictable monthly repayments you can factor into your budgets;
  • You are protected from sudden rent increases;
  • Interest payments on the commercial mortgage are tax-deductible;
  • You are able to sublet any free space, bringing in more revenue;
  • The property’s value may rise, resulting in a good opportunity to profit down the line.

Disadvantages:

  • A substantial deposit will be required – would this money be better allocated elsewhere in the business?
  • Selling business premises can be difficult. What if you want to relocate?
  • A variable rate mortgage exposes you to rises in interest rates;
  • Ownership means responsibility for ongoing costs such as security, maintenance, insurance, etc.
  • A decrease in the property’s value could see you making a loss when you decide to move on.
Singlehurst Financial Services. S.H Financial Services