Paul Neal First Choice Financial Services

Did you know we specialise in 999 mortgages

Having either worked in or have family that do

Means we know how your pay works, making the mortgage process smoother and easier for you.

For 999 workers we also don’t charge a fee!

Not only that, we donate £25 of every completion to the ambulance charity!

#999

Happy Father’s Day to all the dads, step dads, dads to be and all those men pulling their weight.

Enjoy today

What makes you a specialist in 999 mortgages?

It’s what we do.

#999

Did you know we specialise in 999 mortgages

Having either worked in or have family that do

Means we know how your pay works, making the mortgage process smoother and easier for you.

For 999 workers we also don’t charge a fee!

Not only that, we donate £25 of every completion to the police charity!

#999

Why are we the 999 mortgage experts?

That’s because we are 999 workers ourselves

🚓 We understand the way the services work
🚑 We understand the complexities of how your paid
🚒 We understand how busy you are

That’s why we are the right company for us 999 workers

We understand you

🔑 First-Time Homebuyer in Derby?

Unlock the door to your new home with confidence! Buying your first home is an exciting journey, but it can also be overwhelming. That's where we come in.

Our expert mortgage advisors will guide you through every step of the process, from getting pre-approved to closing the deal. We'll help you understand how much you can afford, the best mortgage options for your situation, and what to expect along the way.

Whether you're looking for a cozy starter home or planning for the future, we're here to ensure you make informed decisions and get the best deal possible.

🏡 Ready to start your journey? Contact us today and let's make your dream home a reality!

Its quick and easy to book an appointment with Paul.

Just visit this link and you can book a meeting straight into his diary!

https://calendly.com/yourfirstchoice

What Happens if I don't "Fix"

The dreaded SVR

Once your fixed rate ends, you will fall onto your lenders SVR or Standard Variable Rate

This is usually a much higher rate than any of their fixed deals and could work out considerably more expensive with some lenders SVR being 9%+

But what can I do?

Plan early, with some lenders you can secure a new deal up to 6 months in advance

We can secure your deal up to 6 months in advance, and with some lenders if rates go down, we can move you onto the lower rate, however if they go up, you have already secured the lower rate!

Its quick and easy to book an appointment with Paul.

Just visit this link and you can book a meeting straight into his diary!

https://calendly.com/yourfirstchoice

3 Reasons NOT to use your Bank for a Remortgage

Lack of Choice
Your bank only has access to 1 lenders products
We have access to over 90 lenders, all with multiple products, giving you a much better range of products and rates

One Size Fits All
As your bank only has access to their products, if you circumstances have changed you may no longer be eligible to their products
As we have access to multiple lenders, we can help you find the right lender to access the most suitable deals to your circumstances.

You could pay MORE!
As your bank only has access to 1 lenders products, they may not be the lowest cost deals available to you

We have access to over 90 lenders, all with multiple products, giving you a much better range of products and rates, which could end up saving you money

Its quick and easy to book an appointment with Paul.

Just visit this link and you can book a meeting straight into his diary!

https://calendly.com/yourfirstchoice

The exact reason you should use a reputable Estate Agent

Estate agents are 'manipulating property sales' by failing to pass on offers to sellers - Property Industry Eye Estate agents are 'manipulating property sales' by failing to pass on offers to sellers - Breaking news for estate agents and the residential property industry. Independent, unbiased, and factual reporting. A forum for discussion and debate of topics of the day. Subscribe for our free daily newslett...

Happy International Nurses Day

Well, were a little late to the party (it was yesterday)

But to celebrate our heroes, i'm now offering FREE mortgage advice to all Nurses, plus a donation of £25 to your chosen charity on completion.

So TAG a Nurse who this may help

As a Broker, these are the TOP 3 mistakes we hate to see people make!

Its quick and easy to book an appointment with Paul.

Just visit this link and you can book a meeting straight into his diary!

https://calendly.com/yourfirstchoice

Not only do we help you secure a mortgage

We also help you to protect it should the worse happen

Here are a few of the most common ways we protect your mortgage

Its quick and easy to book an appointment with Paul.

Just visit this link and you can book a meeting straight into his diary!

https://calendly.com/yourfirstchoice

May the 4th be with you

May 4th was chosen as International FireFighters’ Day as it is the feast day of St Florian, the Patron Saint of Firefighters.

St Florian was the first known commander of one firefighting squad in the Roman Empire. He lost his life, as well as those of his colleagues, for protecting the same humane ideas which Firefighters all over the world share even today.

Happy International Firefighters’ Day to firefighters and their supporters all around the world. We thank you for the courage, commitment, and dedication you show every day by serving your community. Stay safe.

To find out more about St Florian, check out our website:
https://www.firefightersday.org/about-iffd/







www.firefightersday.org

TAG A FIREFIGHTER...

Did you know we are an Emergency Service Specialist when it comes to mortgages. 🚓🚑🚒

Did you know that all 999 frontline and call centre staff get FREE residential mortgage advice from us, not only that every mortgage completion we donate £25 to the Firefighters Charity

Fire Service Staff can face unique challenges in the mortgage process due to their distinctive pay structure and work schedule. As frontline emergency service professionals often work irregular hours and may need to travel significant distances from home.

These factors can make it difficult to secure a mortgage through traditional avenues.
However, there's no need to navigate this process alone.

By connecting with a specialist lender experienced in serving frontline emergency service workers, you can access tailored mortgage products designed to meet your specific needs

#999

Are you hoping that 2024 is going to be the year you buy your first home?

First Time Buyers often get overwhelmed by the confusing jargon when starting their journey to homeownership.

But wait – there really is nothing to be wary of – indeed, the odds can be stacked in your favour – especially, if you have a good deposit.

For starters, you have no home to sell, placing you in a strong position with sellers because there is less chance the chain will collapse.

Secondly, there is always competition between lenders for first-time buyers increasing mortgage deals – the means there are good mortgage deals to be had.

Its quick and easy to book an appointment with Paul.
Just visit this link and you can book a meeting straight into his diary!

https://calendly.com/yourfirstchoice

Don't let bad credit get in the way of you getting a mortgage.

Here's a few tips that will help you get on the road to home ownership

Its quick and easy to book an appointment with Paul.

Just visit this link and you can book a meeting straight into his diary!

https://calendly.com/yourfirstchoice

Brokers have been warned to stand by for a raft of rate increases tomorrow, as HSBC, Barclays and Leeds all issued alerts.

Did you know you can lock in a new rate up to 6 months before your current deal ends

This is the latest from Mortgage Strategy

Advisers wanting to lock down current deals could face a busy evening ahead Advisers wanting to lock down current deals could face a busy evening ahead as increases at NatWest, Co-op and Accord have already been announced.

HSBC
HSBC emailed brokers to say it would be increasing rates on a large number of products including residential first-time buyer, purchase, home mover, switcher and further advance deals as well as across its buy-to-let range.

The lender has not yet revealed the scale of the increases, but says brokers wanting to secure its current rates must get applications in by midnight tonight.

Barclays
In an email to advisers Barclays says: “Following a further review of our offering against market funding, please be advised we are changing rates on a selection of products across our residential purchase, residential remortgage and reward ranges, effective from tomorrow, Tuesday 23rd April.”

It adds: “Therefore, for new lending applications you will need to ensure the product has been selected and saved in the application today (you then have until Wednesday 1st May to secure a case booking and submit).”

But Barclays has not confirmed what exactly the reprice will mean for borrowers.

Leeds Building Society

The lender is increasing selected fixed rates on its residential, interest only and retirement interest only products by up to 20 basis points.

It is also withdrawing its 75% LTV five-year fixed rate portfolio buy-to-let products.

It says existing products will be withdrawn at midnight tonight.

John Charcol mortgage technical manager Nicholas Mendes says: “Lenders have recently adjusted their positions in response to market uncertainty, signalling a significant change.

“While mortgage holders are unlikely to experience the same level of volatility and high rates as last year, many may find themselves pondering their next steps as their current deals approach expiration.

“Meanwhile, anticipation mounts at each Monetary Policy Committee (MPC) meeting, with hopes for a rate reduction to provide markets with some stability and respite

But Life Insurance never pays out...

LV have just released their claims stats for 2023 and it makes some interesting reading

In 2023 they:
Paid out over £135 million supporting over 8,100 members and their families*

94% of individual Protection claims accepted including 97% for Life insurance claims**
85% of Critical Illness claims and 92% of Income Protection claims*

The most claimed for conditions by product were:
Income Protection*
Musculoskeletal, including fractures (33%)
Cancer (23%)
Mental Health (15%)

Critical Illness
Cancer (59%)
Heart attack (10%)
Stroke (5%)

Life insurance**
Cancer (36%)
Heart related (23%)
Respiratory (8%)

So the next time you are told life insurance doesn't pay out, tag them in this!


*Includes Income Protection claims already in payment in 2023
** Our Life Insurance figures include claims paid for Life Insurance, Terminal illness and Whole of Life products (including some non-underwritten guaranteed whole of life products). Our whole of life products are no longer available.

Are you thinking about getting a mortgage in the UK but not sure where to start? Here are some key points to consider:

1. Types of Mortgages: There are various types of mortgages available in the UK, including fixed-rate mortgages, variable-rate mortgages, and tracker mortgages. Each type has its own pros and cons, so it’s essential to understand which one suits your needs best.

2. Deposit Requirements: Most lenders in the UK require a deposit when applying for a mortgage. The size of the deposit can vary, with some lenders accepting as little as 5% of the property’s value. Saving up for a deposit is an important step in the home-buying process.

3. Affordability Checks: Lenders will conduct affordability checks to ensure you can afford the mortgage repayments. They will assess your income, expenses, and credit history to determine how much they are willing to lend you.

4. Interest Rates: Keep an eye on interest rates as they can affect your monthly repayments. It’s crucial to understand how changes in interest rates could impact your mortgage payments over time.

5. Mortgage Terms: The length of your mortgage term can vary, with common terms being 25 or 30 years. Shorter terms may mean higher monthly payments but less interest paid overall, while longer terms can result in lower monthly payments but more interest paid over time.

Remember, getting a mortgage is a significant financial decision, so make sure to do thorough research and seek advice from financial experts if needed! 📊💰

Feel free to ask any questions or share your experiences with mortgages in the comments below!

TAG A FIREFIGHTER...
Did you know we are an Emergency Service Specialist when it comes to mortgages. 🚓🚑🚒
Did you know that all 999 frontline and call centre staff get FREE residential mortgage advice from us, not only that every mortgage completion we donate £25 to the Firefighters Charity
Fire Service Staff can face unique challenges in the mortgage process due to their distinctive pay structure and work schedule. As frontline emergency service professionals often work irregular hours and may need to travel significant distances from home.
These factors can make it difficult to secure a mortgage through traditional avenues.
However, there's no need to navigate this process alone.
By connecting with a specialist lender experienced in serving frontline emergency service workers, you can access tailored mortgage products designed to meet your specific needs
#999

Is Equity Release Safe?

Lifetime mortgages have had a bad rap over the years, but much has been done to make them a much better option for those who are in need.

Its quick and easy to book an appointment with Paul.
Just visit this link and you can book a meeting straight into his diary!
https://calendly.com/yourfirstchoice

This new product has raise a huge amount of interest.

So here is a little more about the £5k Deposit Scheme, before you get to excited please read the full post as you may not be eligible.

We’re excited to announce the launch of our new and innovative £5K Deposit Mortgage. Available from 9am today, this unique product is designed to help your first time buyer clients purchase their first home faster with just a £5K deposit and is available for LTVs over 95%, up to a maximum of 99%.

We understand that raising a deposit is a key challenge for many wanting to step onto the property ladder for the first time, and we're committed to supporting you to help more first time buyers open the door to their first home.

Who's it for?

At least one applicant must be a first time buyer (defined as never having owned a property in the past) and no background properties on the application
Applicants with a minimum £5K deposit
Applications that achieve the higher credit score required for lending above 95% LTV

What else do you need to know?

5 Year Fixed Rate product
Maximum age of 70 at the end of the mortgage term
Available for LTVs between 95.01% LTV and 99% LTV
Available for house purchases above £100K up to £500K
Minimum loan above £95K
Maximum loan £495K
Maximum LTI 4.49
Only available for Capital & Interest
Available for new house purchase business only
Subject to affordability, criteria and credit score

Excludes:

Purchases of flats, new builds and properties in Northern Ireland
Not available for applications where any applicant does not have permanent right to reside in the UK
Not available for Joint Borrower Sole Proprietor, Cascade Score or Boost LTI

5 WAYS TO HELP REDUCE YOUR MORTGAGE PAYMENTS

1. Shop around and look for the best deal

2. Borrow less, a higher LTV usually brings with it a better deal

3. Make Overpayments, this will reduce the amount of interest you pay over the term

4. Look for a fixed rate, this can help ensure your payments don't change throughout the fixed term

5. Remortgage early, to help take advantage of any lower rates that are available.

Its quick and easy to book an appointment with Paul.

Just visit this link and you can book a meeting straight into his diary!

https://calendly.com/yourfirstchoice

Interest rates remain at 5.25%

Interest rates have been held for the fifth time in a row by the Bank of England, remaining at 5.25%.

The widely expected decision means the cost of borrowing stays at its highest level for 16 years.

The Bank has been keeping interest rates high to try to slow sharply rising prices.

But after inflation fell to its lowest level in two and a half years last month, economists expect rates to start falling in June.



*Source BBC News

Interested in a Lifetime Mortgage but don't know where to start

Let us guide you

Can you get a mortgage with bad credit?

Yes you can, but it may not be a straight forward process.

Read more to find out how


mortgages

TAG A AMBULANCE WORKER...
Did you know we are an Emergency Service Specialist when it comes to mortgages. 🚓🚑🚒

Did you know that all 999 frontline and call centre staff get FREE residential mortgage advice from us, not only that every mortgage completion we donate £25 to the Ambulance Staff Charity

Ambulance Staff can face unique challenges in the mortgage process due to their distinctive pay structure and work schedule. As frontline emergency service professionals often work irregular hours and may need to travel significant distances from home.

These factors can make it difficult to secure a mortgage through traditional avenues.
However, there's no need to navigate this process alone.
By connecting with a specialist lender experienced in serving frontline emergency service workers, you can access tailored mortgage products designed to meet your specific needs

#999