Trading as Nick Ball
Protection Inheritance Tax
Investments
Mortgages
Owning a property is a big investment and one that most of us make. Now, rather than solely turning to our own bank manager, we are faced with a number of choices. Unlike some companies Acuma Ltd is able to source from the Whole of Market, available to independent financial advisors, rather than a select few companies - this means that we are able to offer an unbiased opinion on what is best for you.
First Time Buyers - many companies offer a wealth of attractive deals to First Time Buyers, however it is important to make sure that you are not signing into anything that will hinder you long-term.
Remortgages - Many people choose to remortgage their property as a way of securing a better interest rate, restructuring their finances for home improvements, or perhaps change the term the loan is written over. A mortgage is a large investment and therefore needs to be treated as such - make sure that your mortgage arrangements are properly reviewed, preferably by an Independent Financial Advisor.
Offset - At Acuma, we have seen an increase in this type of mortgage arrangement. The general concept is the idea of a flexible repayment option, allowing you to overpay lump sums, or regular amounts, which then reduces the amount of interest or term of the mortgage. This option works particularly well for clients that wish to use the funds in a current account to offset the costs of the mortgage, reducing the total amount repaid. There are a number of companies that offer this product, each with different facilities, and as with any mortgage it is important to check all the details carefully.
Buy to Let - With the 'property boom' of recent years, this type of mortgage has enabled people to make further investments in property than just a personal residence. By becoming a Landlord/Landlady, many people feel that it is an excellent way to speculate on the property market. However, what many people do not realise, is that these mortgages can be moved to better providers - allowing you to secure better rates on your 'let' property.
Residential mortgages are now regulated by the Financial Services Authority, which means that the public is now offered a clear charging structure with options to pay by fee, commission from companies, or a combination of the two. Whilst we normally work on a commission basis, we are able to offer a fee option of normally 0.3%-0.5% of the loan amount, depending on your circumstances. This payment is however usually covered by the commission paid by the lender.
For further information about the Financial Services Authority "Key Facts" please click this link.
It is also important to consider that you have the necessary schemes in place, should you be unable to work due to accident, sickness or unemployment.
Contact us for further details using the online mortgage enquiry form or contact 01275 373555.
Acuma Ltd. is Authorised and Regulated by the Financial Services Authority. Your home may be repossessed if you do not keep up repayments on your mortgage. The Financial Services Authority does not regulate some types of buy to let mortgages.