Financial Services

If you need some truly independent advice on mortgages, insurance or any other aspect of your finances, you’ve come to the right place … The Property Boom have a list of Independent Mortgages Advisors that are regulated by the Financial Conduct Authority and if you would like us to introduce any to you, please just let us know.

Fully Independent Mortgage Service provides information on:

  • Buy to Lets - If you’re planning on moving house and renting your home or wish to enter the world of property investment
  • First Time Buyers - Including Help to Buy
  • Home Movers - If it’s time for a new home
  • Re-mortgages - If you’re looking for a better rate, wish to borrow extra funds or fix your payments for ;the long term
  • Mortgages for the Self Employed If you are a sole trader, partnership or LTD company and have been trading for at least 1 year
  • Advice on all areas of Insurance for yourself, family and property

Broker Enquiries - The Property Boom is an independent online Estate Agent that acts solely as an introducer to FCA regulated companies. The Property Boom is not paid a fee for this service. If you would like more information please email us at smile@thepropertyboom.com and we’ll be happy to answer any questions you may have.

Mortgages Explained

A mortgage is a loan taken out to buy a property. Because homes are expensive, the loan is repaid over a long period – typically your first mortgage will be arranged over 25 years, but the period can be shorter or longer depending on your circumstances.

When you take on a new mortgage you will be given a number of options. Among the things you need to decide are what kind of rate you want, how you will pay off the loan and how much you need to borrow.

An IFA will search the market to find you the best mortgage deal.

To get a quote, book a home visit at your convenience or arrange a chat, please email and we can arrange for you to meet with an FCA Regulated IFA at your convenience with no obligation.

First Time Buyer Tips

As a first-time homebuyer, you have an exciting journey ahead. Applying for your first mortgage loan and navigating a complex housing market can be daunting, and want your first home purchase to be a rewarding experience and are here to help first-time home buyers any way they can.

What’s best for me ? Why buy instead of rent?

Home ownership may be many peoples' dream but it's also a big responsibility - after all, a house is the most expensive purchase most of us will ever make. Carefully consider your situation before deciding whether it's best to rent or buy.

  • Your monthly payments build equity and lead toward home ownership.
  • With a fixed-rate mortgage, your monthly payments will remain the same for the life of your loan.
  • Your mortgage interest may be tax-deductible.
  • If your home increases in value, you can make a profit when you sell.
  • A home can be passed on to children or other family members.
  • Home equity (the amount you own) can be used to finance educational expenses, home-improvement projects, small-business startup costs or other needs.
  • You can make changes or improvements at will.
  • A landlord can't decide to sell your house and force you to move.

Why rent instead of buy?

  • Monthly payments may be lower than mortgage payments. 
  • Compared with a mortgage, a lease is a short-term commitment.
  • Someone else performs (and pays for) repairs.
  • Rent payments may cover appliances, furniture, utilities and even cable/internet.
  • No significant down payment or loan closing costs are required to start renting.
  • Landlords might not scrutinize your credit history the way mortgage lenders will.
  • Rent payments that are a few days late typically won't hurt your credit score.
  • It's easier to sign a lease than to get approved for a mortgage.
  • There's no investment risk if the housing market changes.
  • You may be able to avoid home insurance premiums or association fees.

Benefits of Re-mortgage ?

A re-mortgage is where you take out a new mortgage on a property you already own - either to replace your existing mortgage, or to borrow money against your property.

Around a third of all home loans made in the UK are actually re-mortgages.

For anyone who has heard of a re-mortgage it may seem like a daunting experience filled with hassle. However, there can be benefits that can arise out of re-mortgaging.

Believe it or not, because re-mortgaging is such a popular option these days, more banks are making it easy to accomplish. Even if you think you do not have good enough credit to consider a re-mortgage, you may be able to find specialized institutions that will work with you and save you money.

However, re-mortgaging is not the perfect solution for everyone. So before you make a commitment to such a change in your finances, look at it carefully and make sure it really will benefit you.

Mortgage Refinance

Whatever your goal is for refinancing a home, an FCA Regulated IFA can help you find potential ways to:

  • Lower Your Monthly Payment Expense
  • Shorten the Term of Your Mortgage Loan
  • Switch to a Fixed-Rate Mortgage
  • Release funds from Your Home

Thinking of buy-to-let investment? You need to consider….

1 Target Your Tenants
Decide whether students, young professionals or families with children are your preferred tenants. This will help you choose where and what to buy.

2 Buy the Right Size Property
The vast majority of tenants want one or two bedrooms only. Big houses turned into bedsits — known as houses in multiple occupation — look good on paper but are subject to many health and safety rules which can reduce your returns and make management of the property a full-time job.

3 Location, Location, Location
Renters prefer their property to be near where they work — meaning that landlords should buy close to employment centres.

Move with the market

Know that, if the market softens, you will have to lower your rent in order to stay competitive, no matter how desirable your property. If you are in it for the long term this should not matter, as the important thing is that your property continues to generate a fee for you.

Complaints: FCA Regulated IFA's undertake to provide the highest standards of service, whilst acting responsibly at all times. If however, in the unlikely event that you do have a complaint regarding the service provided by an IFA on your account, please let them know in person, in writing, by phone, email or text message and they will seek to resolve your complaint promptly. If you are not satisfied with their response you may wish to take your complaint to the Financial Ombudsman Service. In order to contact the Financial Ombudsman Service, you should write to them at Exchange Tower, London, E14 9SR Telephone: 0800 023 4567  Email: complaint.info@financial-ombudsman.org.uk Website: www.financial-ombudsman.org.uk

 

© The Property Boom www.thepropertyboom.com Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. Broker Enquiries - The Property Boom is an independent online Estate Agent that acts solely as an introducer to FCA regulated companies. The Property Boom is not paid a fee for this service and this does not affect the charges made to any prospective client.

Request an Online Valuation

Get your completely free and instant online valuation for your property. Just enter your property address below for a detailed valuation or alternatively, contact us to arrange a home visit at your convenience.

We will never over value your property in order to gain your business. You can always trust BOOM to give you an accurate valuation backed up with detailed analysis as proof. Our fees are fixed which means you pay zero commission. For this reason, we will never give you an over inflated valuation as it is detrimental to your property sale. Our team are highly motivated to achieve the best possible price for your property as great customer feedback is essential to us.

FREE ONLINE VALUATION

Be Streetwise with Boom

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Mr P Henderson