Sussex Mortgage Services
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Sussex Mortgage Services It is for this very reason that impartial Independent Advice from competent and qualified Advisers is essential. Whether you are a home mover, a first time buyer, looking to purchase a second home, or even simply looking to remortgage, our experienced expert Advisers are here to help you. An Equity Release mortgage is a type of mortgage for over 55s to enable them to release the cash (equity) in their property.

The most common form of Equity Release is called a Lifetime Mortgage, these make up over 99.5% of the Equity Release market. A Lifetime Mortgage offers a fixed interest rate for life. There are hundreds of products available, and many enable you to pay some, part of all of the interest. You are even able to pay back up to 10% of the initial capital borrowed each year if you choose to.

A mortgage guarantee scheme to help people with small deposits get on the property ladder was announced in the Chancellors recent Budget. The government will offer incentives to lenders, bringing back 95% mortgages which have "virtually disappeared" during the pandemic, the Treasury says.
Highlights

read more › As a local company, we mainly advise clients in the Brighton & Hove and Sussex Area. We believe you need to build relationships with clients to understand their needs and nothing beats face to face advice. We do however, have clients all over the country and are happy to discuss your needs wherever you are located and whatever your circumstances. We are also happy to travel to you if necessary and appropriate. We are dedicated to creating a meaningful, long-term relationship with you that is based on understanding, knowledge and commitment to progress.

read more › We offer a FREE initial 'no obligation' financial review and costs of moving consultation with unlimited advice & follow on calls/emails up to full engagement. Once you have found a property to purchase and decide to engage our services to make an application to proceed, there is a fee for our mortgage advice services of 595 for Residential mortgages, of which 350 is payable on application and 245 is payable upon successful issue of the formal mortgage Offer agreement from the lender. Our fee for Buy to Let mortgages is 795, of which 450 is payable on application and 345 is payable upon successful issue of the formal mortgage Offer agreement from the lender.

read more › SMS specialise in providing independent whole of market Mortgage Advice, ensuring that our clients receive the best advice at all times. Our fully qualified and experienced mortgage specialists have access to the latest online mortgage placing facilities, ensuring our advice is always up to date. Whether you are seeking a mortgage for your new home or investment property, or simply wish to review your existing mortgage to determine its competitiveness, we have the experience and resources to help you find the mortgage that best matches your needs and circumstances.

read more › Providing whole of market Independent Mortgage Advice; that is individual, tailored and unique to your specific circumstances and needs. It is for this very reason that impartial Independent Advice from competent and qualified advisers is essential. Whether you are a home mover, a first time buyer, looking to purchase a second home, or investment property, . Why spend your valuable time looking for a mortgage on comparison websites?, which do not take your personal circumstances in to consideration and are often misleading, when we can do all the hard work for you!

read more › Providing whole of market Independent Mortgage Advice; that is individual, tailored and unique to your specific circumstances and needs. You may be tempted to go back to your existing lender, however it is important to remember they will only be able to tell you about their mortgage products. There could be a better option for you with another lender potentially saving you money.

read more › Buying your first home can be a very exciting albeit daunting experience which is why it is important to get the right advice at the very start. There are many different mortgage products to choose from so it is important to get the solution that best meets your needs. How much deposit will I need to put down? When choosing a mortgage, you can see which deals you might qualify for based on the size of the deposit you have by looking at what is known as the mortgage 'loan to value' (LTV). For example if you are looking to buy a property valued at 100,000 and have a 5,000 deposit you will be looking to borrow 95% of the property value.

read more › Your existing mortgage deal may be coming to an end and your about to move onto the lenders standard variable rate which could result in an increase in your monthly mortgage payments. Remortgaging before your term ends could potentially save you money by switching to another deal or another lender. There are plenty of reasons why you might want to consider a remortgage, perhaps you want to cover the cost of home improvements or pay off more expensive debts.

read more › Whether you're becoming a landlord for the first time or you're looking to expand an existing portfolio you will need to take out a buy to let mortgage rather than a standard residential mortgage. A buy to let mortgage is specifically for people who are buying a property to rent out to a tenant or tenants. Whereas for residential mortgages your deposit could be as little as 5% of the property value you will have to pay at least 25% for a buy to let mortgage. Unlike a standard mortgage, where the amount you can borrow is linked to your income, with a buy to let mortgage, the lender will instead look at how much rent you could make from the property on which the mortgage is secured.

read more › Providing whole of market Independent Mortgage Advice; that is individual, tailored and unique to your specific circumstances and needs. If you take out a Lifetime mortgage, you are taking out a loan secured on your home which does not need to be repaid until you die or move into long-term care. Unlike other types of Equity Release scheme, your home still belongs to you but you are obliged to repay the loan when certain conditions are met - death, moving into long-term care or if the terms of the mortgage are broken.

read more › A commercial mortgage is probably the best way to finance the purchase of buildings and land for business purposes, it provides the most flexible and affordable finance solution. Commercial mortgages are specialised due to the fact that the lender has a legal claim over the property until the loan has been repaid in full. Mortgage loans of this type are tailor made for purchasing any commercial property used for business purposes including shops, factories, offices and warehouses. Commercial mortgages can also be used for taking over an existing business, purchasing a brand new building or buying land.

read more › With a secured loan you can usually borrow from 3000 to 100,000, some lenders will consider lending up to 500,000. The amount borrowed is repaid monthly over a term agreed at outset, which will usually range between 3 and 25 years. We understand that there are times when funding is required and due to our relationship with a wide network of lender's we are often able to arrange the finance or loan you are looking for.

read more › Thinking about the consequences should anything happen to the main income source isn't something any of us want to contemplate. However it is important when arranging your mortgage to take the time to protect you and your family should the unthinkable happen. Put simply; Protection products are policies that are arranged to provide you and your family with either a lump sum or a regular income should you become seriously or critically ill, lose your income, or in the event of your death. Life insurance, also known as term insurance or life assurance will provide a sum of money in the event of death during the term of the policy.

read more › A Term life insurance plan is the most basic form of life insurance and is usually the cheapest way to insure your life. It covers you for a fixed period and pays out a one off lump sum if you die during the policy term. With some term insurance policies you can add additional options, for instance critical illness cover. If you do add on critical illness cover, the plan will pay out once on diagnosis of a qualifying critical illness or if you die during the term of the policy. This type of plan is designed for those who want to leave a lump sum in the event of their death within a specified time period whilst keeping the cost to a minimum.

read more › A Critical Illness plan is designed to pay out a lump sum on the diagnosis of certain specified illnesses. It is often 'bolted on' to a life assurance policy as an additional benefit but can also be a standalone plan. This type of plan is designed for those individuals or families whom want a lump sum if they are diagnosed with a serious illness. As an example of where this lump sum could be used is to repay a loan, mortgage, or perhaps pay for time off work. The lump sum could even be used to pay for any necessary alterations to your home.

read more › An Income Protection plan is designed to pay out a regular income in the event you are unable to work due to an accident or illness. These types of plans continue to pay out an income as long as you are unable to return to work up until the end date of the policy (typically your normal retirement age). This type of plan is quite often seen as the foundation of any financial planning as it is likely that other plans will have to be given up if you do not have sufficient income coming into the household.

read more › Business Protection aims to reduce the financial impact of death or critical illness affecting key people within your client's business. Do you depend heavily on the skills and judgements of others within your business? Are these people vital to its effectiveness and profitability? If so, have you considered the financial impact that the death or critical illness of such a key person would have on your business? In some instances, the financial impact could be so great, that the business is unable to continue.

read more › If you have a mortgage, your lender will insist that your property (and their security) is protected by buildings insurance. It usually pays out if your property is destroyed by fire, floods or subsidence (although you will need to check if you live on a flood plain, for example). Damage to fixed fittings such as baths and kitchens are often included, as well as sheds, greenhouses and garages. You might be offered buildings insurance when you take out your mortgage, but you don't have to take what's on offer.

read more › It covers the loss of or damage to the contents of your home. This includes your furniture, electrical goods and other items within your home. Some policies cover you for items you take outside, for example cameras, jewellery and briefcases. Different policies offer different levels of cover but generally you'll be covered against theft and fire, and have the option to insure against damage you may cause by accident. It is always vital that you thoroughly read and understand the full policy terms and conditions.

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