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February 7, 2012
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Independant Mortgage Advice

We are Independant Financial Advisors who will search for the best product to suit your needs. Contact us today for your first initial consultation.

Hopefully within this section of our website we can explain many of these options in plain simple language and help you plan for your future. These downloadable booklets are purely intended as guidance and therefore if you require any specific advice please contact us directly for independent financial advice.

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

You can choose how we are paid: pay a fee, usually 0.5% of the loan amount, or we can accept commission from the lender.

The FSA do not regulate some forms of mortgage.

 

General Information

Not only do you need to consider which mortgage is best for you, you need to think about which interest rate options are most likely to suit your needs. This is a short guide to the interest rate options available on various mortgage products - Click here

Remortgages

Remortgages can be used for various reasons, most people simply switch mortgage because it will work out cheaper for them. This short guide provides more information on remortgages - Click here

First time buyers

If you are a first time buyer, good advice is important and understanding all the risks involved. Upfront Financial Services are here to help. - Click here

Buy to let mortgages

Becoming a private landlord should not be seen as an easy way of making easy money. It can be riskier and more complicated. It can also be very time consuming, more than most forms of investment, and there is no guarantee that house prices will continue to rise. That said, having a second property to let to tenants could reap considerable financial rewards over time. This short guide tells you what you need to know when considering Buy to Let - Click here

Self certification mortgages

A self certification mortgage is a mortgage in which you are able to declare your income without showing substantial proof that you earn it. There are many instances where a self certification mortgage would be beneficial which are looked at in this short guide - Click here

Adverse credit mortgages

Sometimes people get into debt through no fault of their own and, even if they have been to blame, want to sort things out. Fortunately, there are now a relatively large group of lenders willing to provide adverse credit mortgages and this short guide will help you understand what to expect - Click here

Equity release mortgages

Sometimes people want to release equity in their homes because they need cash for a particular purpose. This short guide looks at how certain types of mortgage will allow you to do exactly this - Click here

Current account mortgages

With a Current Account Mortgage, you run all of your finances through a single account - your mortgage, current account, savings and personal loans. This short guide explains how Current Account Mortgages might benefit you - Click here

Self build mortgages

The main difference between a self build mortgage and a house purchase mortgage is that with a self build mortgage money is released in stages as the build progresses rather than as a single amount. This short guide explains further - Click here

Flexible mortgages

A flexible mortgage is a product that can make the traditional British mortgage with its fixed and inflexible payment schedule over 25 years, look like a bit of a dinosaur. Most of us now assume that we will be better off opting for a flexible deal and this short guide explains why a flexible arrangement may benefit you - Click here

Further Information

For further information or a confidential consultation please contact us today. info@upfrontfs.co.uk

 

 

Announcements Minimize
Mortgage lending going to get even tougher, Bank warns - 01 October 2010

Getting a mortgage is going to become even harder, the Bank of England has warned.

In a new Credit Conditions Survey report, it said that lenders had tightened credit scoring criteria in the last six months and expects banks to tighten these up even further in the next three months.

The report says that lenders expect lending rates to drop in the last quarter of this year, for the first time since early 2009.

The Bank of England says that lenders are worried that higher unemployment will result in more borrowers defaulting on loans and will therefore make it harder for new borrowers, especially first-time buyers, to take out loans, and for existing borrowers to remortgage.

Yesterday, Bank of England executive director Paul Fisher said the lending crisis would not go away. Hesaid: "It is clear that the lending capacity of the banking system, in the UK and elsewhere, is impaired."

David Hollingworth, of brokers London & Country, said: "This is a step back."

Melanie Bien, of Private Finance, said: "Tougher criteria will mean that people won't be able to get a mortgage at all, or will only be offered higher rates when they remortgge. It is going to get really tough for borrowers."

Andrew Montlake, of broking firm Coreco, said: "Lenders are getting nervous that unemployment is going to see a rise in the number of borrowers who will experience difficulties meeting their mortgage payments.

"However, if lending criteria toughen and people are unable to remortgage on to attractive new rates, then this will just make the problem worse."

 
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