“What We Can Offer”
Tel: 01625 878242

 

Mortgages

Here at AMG Financial Solutions Ltd we can offer advice on all types of mortgages. Whether this is a residential mortgage for people moving home, a first time buyer mortgage, a buy to let mortgage or even more specialist loans such as for commercial property.

We offer advice on the most suitable type of mortgage for you and will make a recommendation not only on the best value for money but also the most suitable product tailored to your own requirements and individual circumstances.

We offer a comprehensive range of mortgages from across the market and often have access to exclusive products which are not available direct.

There will be a fee for mortgage advice. The precise amount with depend upon your circumstances but we estimate that it will be £499.

Once we have recommended the most suitable product we will assist you throughout the whole process, dealing with the lender, solicitors, surveyors and estate agents. You will find that us liaising with these parties for you is invaluable while at the same time giving you one point of contact should you need to ask any questions or need any advice along the way.

Residential mortgages – purchase or remortgage

These are mortgages on the residential home and can be to purchase the home or to remortgage the home away from the existing lender, for example when the current rate has come to and end and you wish to get better value for money, or you may wish to remortgage and raise extra capital. We will discuss the different options for you for example repayment type, product type – i.e. fixed rates, variable rates, capped rates, discounted rates as well as other features which may be important to you including an offset facility, a future reserve or flexible mortgages where you would like the option to make overpayments and take payment holidays.

First time buyer mortgages

Whilst the process for a first time buyer mortgage is similar to a residential mortgage for a next time buyer or someone who is simply remortgaging, the criteria can be different as lenders’ take into account the increased risk of customers who are new to the market. Dependant on circumstances there may also be a need for a guarantor on the mortgage, whether this is a full or limited liability and we can offer advice on the most suitable way of doing this.

Buy to let mortgages

These are mortgages for the purchase (or remortgage) of a rental property. There are many extra factors to consider when arranging a buy to let mortgage and deciding whether an investment property is the right step for you. There are many different rules in place when arranging a buy to let mortgage, for example the property type, the tenants, the amount of rental income etc and these rules will vary from lender to lender. For this reason, as well as the fact that these mortgages are on the whole not regulated by the Financial Conduct Authority it is imperative that you have the right guidance on this type of transaction. As authorised advisers of a market leading network you can rest assured that the advice you receive from us for these mortgages are treated with the same level of diligence as regulated mortgages. We have the experience and knowledge to ensure you are being given the most suitable advice. Advice is available for anyone from first time landlords through to experienced investors taking advantage of low house prices and the buoyant rental market by purchasing more property.

Commercial loans

This type of loan can be arranged when buying a commercial property for example a shop for your business, or even an existing business. This is a complex type of loan and we would recommend you contact us for advice. The terms and rates are very different to standard mortgages and are dependant on your requirements and circumstances. We have established relationships with commercial managers to ensure you access a suitable deal for you.

Overseas mortgages

Mortgages can be arranged on properties abroad, or for ex-pat clients living abroad wanting to buy property in the UK. The mortgages on offer will depend on the country you are buying in and from. We have access to lenders who can offer this service.
Changes in the exchange rate may increase the sterling equivalent of your debt.

Buy to let mortgages

These are mortgages for the purchase (or remortgage) of a rental property. There are many extra factors to consider when arranging a buy to let mortgage and deciding whether an investment property is the right step for you. There are many different rules in place when arranging a buy to let mortgage, for example the property type, the tenants, the amount of rental income etc and these rules will vary from lender to lender. For this reason, as well as the fact that these mortgages are on the whole not regulated by the Financial Conduct Authority it is imperative that you have the right guidance on this type of transaction. As authorised advisers of a market leading network you can rest assured that the advice you receive from us for these mortgages are treated with the same level of diligence as regulated mortgages. We have the experience and knowledge to ensure you are being given the most suitable advice. Advice is available for anyone from first time landlords through to experienced investors taking advantage of low house prices and the buoyant rental market by purchasing more property.

Residential mortgages:
purchase & remortgage

These are mortgages on the residential home and can be to purchase the home or to remortgage the home away from the existing lender, for example when the current rate has come to and end and you wish to get better value for money, or you may wish to remortgage and raise extra capital. We will discuss the different options for you for example repayment type, product type – i.e. fixed rates, variable rates, capped rates, discounted rates as well as other features which may be important to you including an offset facility, a future reserve or flexible mortgages where you would like the option to make overpayments and take payment holidays.

Commercial mortgages

We offer a range of bespoke commercial mortgages from across the marketplace. Our relationships with high street and private banks offer the best criteria and interest rates.

Protection

We will also offer you advice on protection. We offer a holistic approach to financial planning and aim to develop life long relationships with our clients, not only reviewing their present needs but also considering future possibilities and ensuring that regular reviews are undertaken to continually check the protection is relevant to you.

Life Cover

Whilst most people are aware of the need to have life cover in place to repay their mortgage in the event of their death, many people do not consider other factors which need to be considered. In the event of a spouses death you may also wish to account for the loss of the person’s income, because as well as the mortgage being paid off it is most likely that in order to maintain the standard of living and cover things like the household bills, there needs to be money available to cover this. There may be children who were previously cared for by the other parent, who now need to be looked after. This is where family protection comes into place.

Family protection

For a relatively low cost family protection can provide an income in the event of your death to the family on a monthly or annual basis to help with whatever is necessary, for example school fees, nursery and childcare costs and other general expenditure. This can be for a pre-determined term, for example many people like to set this at a 21 year term when covering a child as it is expected at this time the child will be financially independant.

Critical Illness Cover

Critical illness cover is designed to pay you either a lump sum or an income, in the event you are diagnosed with a critical illness. The type of illness and it’s severity will depend on the plan and this is something which will be determined by discussing your budget and your personal preference. There are plans which can be considered standard and cover the main illnesses through to more comprehensive plans which cover newer and less severe illnesses. There are various options to the cover, which can be arranged as stand alone cover or combined with a life cover plan.

Income Protection Cover

It is important to consider your sick pay/ income provision if you are unable to continue your normal duties at work. Income protection can extend the benefits you receive from your employer or supplement your savings if you are self-employed. There is income protection (also known as permanent health insurance) which is a longer term cover, typically covering around half of your salary. It is possible to set the cover to pay from day 1 of an illness and will provide an income until you return to work, retire or until death, whichever is sooner. This gives peace of mind that should the unfortunate happen, you are able to keep your home and maintain your standard of living.

Private medical cover

Private medical cover is often seen as an expensive luxury however can be very reasonably priced and can mean that at a time of worry due to ill health you are seen by recommended medical consultants without having to wait excessive time on the NHS. We are able to offer this cover and would be happy to provide a quotation for this as part of our protection review.

Family Protection

For a relatively low cost family protection can provide an income in the event of your death to the family on a monthly or annual basis to help with whatever is necessary, for example school fees, nursery and childcare costs and other general expenditure. This can be for a pre-determined term, for example many people like to set this at a 21 year term when covering a child as it is expected at this time the child will be financially independant.

Business planning and advice

One of our specialist areas is advice for businesses. We help companies of all sizes with Business protection and contingency planning, employee benefits, shareholder agreements and trust work.

Buildings & Contents Insurance

Buildings & Contents Insurance provides you with peace of mind by protecting your home, contents and personal belongings from damage or loss whilst also protecting your legal liabilities as a property owner or occupier. We have a panel of providers and are therefore able to offer the most suitable and best value for money product for your needs. Some of the providers we have access to are 5 star Defaqto rated products. Defaqto is an independent financial research company specialising in rating, comparing and analysing financial products. It is important to know that the cover you have is of a high standard and suited to your circumstances, which is something you should obtain advice from us on. There are various options to be considered including personal possessions, high value items, home emergency cover and legal expenses and again we can tailor the cover to suit your preferences. Landlord’s buildings and contents cover is designed especially for tenanted properties and has different terms to household cover. On this type of cover there is the option to include rent guarantee, to cover your rental income if your tenants do not pay you and also legal cover to help deal with tenants who do not leave the property when asked or leave the property in poor condition. Landlord’s portfolio cover can be arranged for clients with more than one property which can often create a cost saving as well as being convenient and offering ease of use. Properties can be added and removed when appropriate.

Income Protection

The keystone of most financial plans. This policy pays out if you can no longer do your job through ill health until you return to work, retire or die. At AMG we offer the most comprehensive income protection plans to suit most occupations whether employed or self employed.

Wills and trust work

You should consider, when the benefits of some protection policies are realised, it is possible that an inheritance tax liability could be created. This will depend on your circumstances at that time, but may be mitigated by placing such policies in trust. Putting your policies into trust will also mean that your estate will be dealt with according to your wishes by your appointed trustees, removing the need to wait for probate to be dealt with. Having a valid will is also something that is highly recommended and both the trust and will work is something we would be happy to advise you on, putting you in touch with one of our specialists.

Credit reports

We have access to a credit report company and can therefore help you to obtain your credit file. This is something which can be done either on an ad hoc basis or regularly to ensure your file us up to date and correct. The risk of identity fraud means that it is important that you keep an eye on your credit file to check for accuracy and obtaining your own report is not detrimental to your credit score.

Conveyancing

We have established strong relationships with local solicitors who we would be happy to recommend to act for you for any purchase or remortgage work.
Due to the relationship we have with them they can offer competitive rates, as well as the advantage of knowing us personally which should ensure the transaction is completely quickly and effectively as they can liaise with us where appropriate.

 

The Financial Conduct Authority does not regulate some forms of buy to lets, commercial loans, overseas mortgages, trusts, wills or conveyancing.

The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.

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