Mortgage Adviser - Adam Newbold

📑DO I HAVE TO USE AN ESTATE AGENT’S MORTGAGE BROKER???📑

Short answer… no!

You DO NOT have to use the estate agent’s mortgage broker or any other in-house services, you can decide what is best for you! 🤔🤔

I had a call from a client this afternoon who said he has found the perfect house with XYZ estate agent! When looking to make an offer, he was being pressured to use their services! 🤬🤬

Whilst it may seem like the easiest and convenient option to use the services they have offered, it is not always the best solution! 👍🏻👍🏻

Downsides to using the estate agent’s mortgage adviser or solicitor:

❌You might not get the best deal!
❌They are not whole-of-market advisers!
❌They might not be acting in your best interests!

As whole-of-market mortgage brokers, we take time to understand the needs and priorities of our clients. We will find the mortgage deal that best suits your specific situation! 😇😇

If you are looking at getting your first mortgage, get in touch with a mortgage broker to discuss your requirements, to understand what property prices are within your budget and to act in your best interest! 🤝🤝

🏡WHY SHOULD YOU USE A MORTGAGE BROKER?🏡

I understand that when it comes to buying your first home or securing a re-mortgage on your existing property, everyone turns to their friends and family for advice! 🧑‍🧑‍🧒‍🧒🧑‍🧑‍🧒‍🧒

Making a decision on which mortgage product to go with can be difficult, stressful and confusing! 😶‍🌫️😶‍🌫️

2 or 5 year fixed rate mortgage deals seems to be the common question I am getting from my clients! 🙋🙋‍♂️

Some advice I’ve heard my clients receiving from their loved ones include:
❌ I took a 5 year option because my mum told me to.
❌ I took a 2 year option because Martin Lewis said it was the best option.
❌ Go directly to your bank because it’s an easier and cheaper process.
❌Don’t use a broker because they charge a fee.
❌Use a money savings expert calculator to avoid paying fees.

Whilst the above comments mean well, this has probably left the client more confused than ever with no definitive answers! 🤯🤯

My time as a Mortgage Broker has taught me that each client’s situation is different! We all have different circumstances, financial situations and future aspirations!🤷🏼‍♂️🤷🏼‍♂️

A recommendation can only be made once a mortgage professional knows the full picture! 🖼️🖼️

If you want a proper answer, seek professional advice. At least you will know that the advice is tailored to your own personal circumstances! 🗣️🗣️

This way you won’t be left confused by the number of different opinions around you and you can be absolutely certain that the decision you make regarding your mortgage is the correct one for you! 👍🏻

*your home may be repossessed if you do not keep up with your mortgage repayments*

⏰IS TIME RUNNING OUT ON YOUR PURCHASING YOUR DREAM HOME??⏰

Picture this… you find the dream home, you think about everything you want to do in it, all the memories you can make in it! 🖼️🖼️

You make an offer! 💸💸

Question, do you know how much you can afford for a mortgage? 🫤🫤

Have you secured a Decision in Principle before making the offer? 🫠🫠

Not securing a Decision in Principle (DIP) before house hunting is like going to a sold out football match without a ticket! 🎟️🎟️

You could miss out on your dream home because you weren’t ready to prove your purchasing power! 💪🏻💪🏻

When you are looking to purchase a property, please remember:

✅Plan ahead: get your DIP sorted early and ideally before you find the dream home!
✅Get documentation ready: Keep your bank statements, payslips, credit reports and any documentation required ready for a broker to review!
✅Keep up to date: the DIP is not a mortgage offer, only a pre-agreement before you submit the full mortgage application!

If you have any queries, get in touch! 📞💻

💸PROPERTY VALUATIONS… WHAT EFFECT DO THESE HAVE ON A MORTGAGE APPLICATION??💸

When submitting a mortgage or re-mortgage application, one constant that is needed is the property valuation! 📋

One question I’ve been asked by clients in the past, do I need a valuation when I’ve made an offer for XYZ? Answer… YES! ✅

The only way you can secure the property valuation when purchasing a property is by submitting the mortgage application to the lender and they will either do a desktop or a physical valuation on the property. This will confirm the valuation! 🤗

The value of your prospective property is just an assumption of what you believe or what an estate agent has told you the property is worth! 👨‍💼👨‍💼

Until the mortgage application has been submitted and verified by a valuer, nothing is set in stone! 🪨🪨

The valuation of the property can also have an effect on the Loan-to-Value when submitting a re-mortgage application as well. If the property is valued down, potentially you may land in the next 5% LTV bracket = higher monthly premiums! 🥵🥵

If you have any questions, get in touch! 📞💻

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

💳CREDIT CARDS WHEN SECURING A MORTGAGE💳

When you are planning to buy a house in the near distant future, can applying for a credit card affect your affordability for a mortgage?… Simple answer… YES!

I’ve had clients in the past looking to go on holiday and want to use a new credit card to purchase the holiday! 🏝️

Mortgage lenders will include your outstanding credit card balances when assessing your mortgage affordability. If your holiday balanced cannot be repaid before applying for a mortgage, it could impact the amount you could borrow! 😣😣

I have seen cases where a ‘harmless’ credit card balance has reduced the mortgage loan amount available, leaving them unable to secure the amount needed to purchase their new home! 👎🏻👎🏻

These steps will ensure that you are mortgage ready:
✅Prioritise paying off your credit card balance: clear your debts to improve your affordability assessment.
✅Review your finance regularly: make sure you know how your spending will affect your mortgage limit.
✅Seek advice from a Mortgage Professional: consult your mortgage broker to understand the full impact of your financial decisions.

Ask yourself: was the holiday worth it if it threatens your chances to buy the home you were looking at? Think twice about securing a credit card when you are looking to buy a house, as it can affect your credit score and potentially harm your long-term objectives! 🤨🤨

Try to avoid applying for credit in the 3-6 months before applying for a mortgage! Lenders will check your credit file every time you apply for a loan! 🏦🏦

If you have faced similar scenarios when applying for a mortgage, get in touch! 📞💻

🐶HAPPY FRIDAY EVERYONE🐶

As we near the end of the week and to help with all your mortgage enquiries before the bank holiday weekend, I have managed to take on an assistant to help with my administration! 👨‍💼👨‍💼

Gracie has been great at getting involved in phone calls and keeping me entertained with her humour! 😝😝

However, she does need to work on staying awake during working hours! 💤💤

If you want to discuss your mortgage requirements with myself and Gracie, get in touch! 📞💻

🔄READY TO BE GUIDED THROUGH THE MORTGAGE MAZE??🔄

Are you looking to make an offer on a property before contacting a mortgage adviser? 🧐🧐

Remember the mortgage game isn’t a one size fits all process and there are many factors that determine the amount of mortgage loan you can attain! 😶‍🌫️😶‍🌫️

It’s like buying a new suit without trying the perfect fit. You get home and you find it doesn’t quite match your requirements! 👔👔

Your financial situation is unique and finding the right mortgage deal involves understanding your monthly income/expenditures, credit history and future plans. Make sure that puzzle is pieced together because each detail makes a difference! 🧩🧩

Meeting with a mortgage adviser offers the opportunity to discuss your finances, your goals, your dreams and how the mortgage fits into the bigger picture! 🌅🌅

If you’re interested at looking into your borrowing capacity, let’s arrange a call! Invest your time in your mortgage journey as this will only be of benefit to you! 📞📞

👋🏻💰BUY NOW, PAY LATER? What are the issues?! 👋🏻💰

Buy now, pay later schemes like Klarna are very tempting! Sometimes you need that new dress for the wedding and pay day is too far away! 💃💃

They offer the illusion of affordability and instant gratification. However, what seems like a smart way to manage finances can be have hidden dangers! ⚠️⚠️

Failing to meet Klarna payment deadlines can negatively affect your credit score, a mistake that many are unaware of until it’s too late! 🙊🙊

A damaged credit score cannot only affect your mortgage applications, but can also lead to higher interest rates = higher monthly premiums = more money spent in the long run! 😩😩

What can be done to avoid these scenarios?
✅Monitor Your Credit: check your credit report regularly for any negative marks!
✅Avoid Unnecessary Credit: Think twice before signing up for ‘Buy Now, Pay Later’ schemes.
✅PAY ON TIME!: Always ensure you meet payment deadlines for any credit agreements.

Something you think might be harmless, you cost you hundreds! 💸💸

📙THE FOUR EMOTIONS OF THE HOUSE-BUYING JOURNEY📙

During your house purchase journey, they are many different stresses associated with buying a property:

✅The sheer amount of admin.
✅Finding a property you like and can afford.
✅Having to deal with solicitors.
✅Having little control of the slow process.

Buying a home is vested with more emotion than any other financial decision you may make during your lifetime! 😩

Many aspects of buying a home are beyond your control and just waiting for other people to make decisions can lead to a lot of anxiety!

Allow a Mortgage Broker like myself to offload that stress and help you during your house purchasing journey! 👍🏻

I can analyse your documentation, source the best mortgage product tailored to your individual needs and get the ball rolling with the application to ensure everything has been done correctly and efficiently! 🙌🏻🙌🏻

Why do all this alone during one of the most stressful experiences, when we have the expertise to help?! 🤔🤔

Get in touch! 📞📧

📈QUESTION: IS THE LOWEST RATE ALWAYS THE BEST DEAL??📈

Simple answer… not always!

As a Mortgage Broker, my goal is to help you find the best deal possible! Many times, my clients have said “what about this rate”, “what about that rate” 🗣️🗣️

When you’re looking for a mortgage, you might think that the best lender is the one with the lowest rate. This is just the tip of the iceberg! 🥶

The ideal lender is the one that understands your complete financial picture! 🖼️

Choosing a mortgage solely based on rate could lead you to offers that don’t match your lifestyle or budget, causing unwanted stress down the road! 🤯

Here’s now to ensure that you’re looking in the right direction:

🏦Assess your Finances: understand your income, outgoings and credit commitments.
✅Check your Eligibility: not every lender will view your circumstances the same way.
📞Consult a Mortgage Broker: use their expertise to match you with a lender that is tailored for your requirements.

The best lender is the one that is attune to your financial requirements, not just the cheapest/lowest rates 💪🏻

Get in touch if you are currently looking to buy a property or your current home is subject to a remortgage in the next six months! 📞💻

💭💭DREAMING OF YOUR FIRST PROPERTY??💭💭

Imagine this: It’s a Sunday afternoon and you’re sitting in your parent’s house listening to the same argument for three days straight! 😩

You’ve been saving for a number of years and after a chat with your partner, you decide it’s time to start looking for your first place! 🏡

You start scrolling through Rightmove and different estate agent sites, dreaming of your first home. It’s a common first step! 🪜

Only problem with this?… You don’t know how much of a mortgage loan amount you can obtain. Jumping into house hunting without knowing your budget is like driving to your destination without knowing how to get there! 🚗

It’s fun until you realise you might be lost and the dream home you’re looking at could be out of reach! 😕

How can you avoid this problem?? 🤔

✅Get your facts first: Know how much your borrowing limit is to give a realistic property budget!
✅Deposit + Mortgage Loan = Your Purchase Price! This gives you your shopping budget!
✅Property Within Your Range: Look at properties that suit your financial requirements!

Have you started your property search and need some assistance?! Get in touch! 📞💻

🔂PRODUCT TRANSFER SECURED🔂

Yesterday’s post generated a lot of queries regarding Product Transfers! 🙋‍♂️🙋‍♀️🙋

Basically, a Product Transfer is a process of switching from your current mortgage deal that has expired to a new deal within your existing mortgage lender.

I had a call with Mr and Mrs O yesterday at 2pm to discuss their current mortgage that is expiring in August 2024.

After taking their details, I did a full mortgage research assessment and cost-comparison to determine whether it was better to do a Product Transfer with their current lender or move to a new lender on a better rate.

Following my research, a Product Transfer was the best solution and I managed to secure them a new rate with their current lender at 12pm today (less than 24 hours), ready for August 2024 🙌🏻🙌🏻

I can continue to monitor the rates over the next couple of months to ensure Mr and Mrs O get the best rate possible on the 1st August 🖥️

If you’re mortgage is due for renewal and want to have a chat to discuss your requirements, get in touch! 📞💻

🏡Wondered if you’re getting the best mortgage deal when rates start to fluctuate? 🏡

Navigating the mortgage market is more than a numbers game – it’s about staying informed! 💁‍♂️💁‍♂️

Rates continuously change, and staying ahead of the game could mean the difference between saving precious £s every month! 💰💰

If rates dip and you’re none the wiser, you could miss out on savings hundreds/thousands. It’s the smallest changes that can have the biggest impact on your mortgage over time! 📈

Meet Mr and Mrs X, who were on the verge of locking in their product transfer with their current lender, when a rate drop came through. As their broker, I quickly adjusted their application, securing a new rate that saved them money for the long haul! 🙌🏻🙌🏻

Two weeks later… rate increases. Who won? Mr and Mrs X of course. Why? Because we locked them in at the lower rate and can continue to amend this if the rate reduces later down the line before their new mortgage product begins!

Best ways to stay on top of rate changes:

✅Be informed: Your broker keeps tabs on the market, so you don’t have to. We get emails from lenders daily to say that rates are increasing/decreasing and when.

✅Stay flexible: A broker will help you pivot when rates decrease.

✅Personal touch: A broker’s quick amendment can lead to substantial savings in mortgage monthly premiums.

We can do a cost-comparison against whole of market rates and see what the best recommendation is for you! 👍🏻

Get in touch if you want to know more! 📲💻

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

🏡Hi Everyone🏡

I have now ventured onto Instagram for all your Mortgage and Protection content!

Please like, share and recommend to all your friends and family!! 👍🏻👍🏻

Check out my story for more information!!!

Mortgage Adviser - Adam Newbold

🏠ARE YOU LOOKING FOR YOUR FIRST PROPERTY?🏠

When looking for your first house, the most daunting task is the mortgage process. A lot of first-time buyers I have spoken with in the past, when securing their re-mortgages have said that they went directly to their bank to acquire about a mortgage the first time around 😰😰

If I can recommend one thing... PLEASE DON'T GO DIRECTLY TO YOUR BANK!! 😬😬

This will eliminate all the alternative options available on the market. Your choice will be limited to the products in their range, which may not offer the terms or mortgage interest rates you're looking for! 😶😶

Best advice I can give... Speak to a mortgage adviser!!! 📞📞

WHY?? 🧐🧐

- Brokers are impartial, whereas a lender that you approach directly will be focused on selling you one of their own products.
- Mortgage brokers can help complete your application, the associated paperwork and the ongoing communication that is necessary throughout your mortgage application.

My sourcing systems will allow me to explore the market and find the best options that suit round your requirements! 😀😀

If you have any questions, or would like to book in for your free consultation, please get in touch! 📞⌨️

**🏠🏠PROPERTY LANDLORDS🏠🏠**

We are at the Buy-to-Let Mortgage Conference at the National Conference Centre in Solihull today, looking at the current BTL markets and exploring possible avenues for new and existing BTL landlords! 📝📝

There are currently 25 enquiries to one rental property at the moment, showing the demand for rented accommodation is still as popular as ever! 🏘️🏘️

If you are a BTL landlord looking to secure a re-mortgage or looking to get into this space and would like to discuss your requirements with a mortgage advisor, get in touch! 📞📞

📲| 07595 731335
💻| [email protected]

🏡🏡IS IT TIME TO RE-MORTGAGE YOUR PROPERTY??🏡🏡

Good afternoon to all my followers and I hope everyone had a lovely Easter break! It was amazing to re-charge the batteries ahead of a busy few weeks ahead! 🔋

Over Easter, I spoke with a couple of friends about their current mortgages. Both said exactly the same thing… “we stayed with *current lender* when we renewed our mortgage and didn’t explore any other options!” 🤦‍♂️

One question: Why❓❓

If you’re mortgage is currently set to expire within the next 3 months, give me a call to arrange a free consultation to go through your options in more detail 📲💻

Using my sourcing system, I can compare all other rates in the market against those offered with your current lender 📈

I will do a cost comparison between the rates offered by your current lender and the best rates on the market. I will recommend the best solution from there 🤷🏼

REMEMBER: Comparison is key! 🔑

Don’t pay more on your monthly mortgage premiums if you don’t have to! 👌🏻

☀️Have a good weekend everyone! ☀️

📲| 07595 731335
💻| [email protected]

Financial Design IFA Ltd

🎉HAPPY FRIDAY EVERYONE! 🎉

I hope everyone has had a great week! We get to that time again when we finish the working week and get to spend time with our families! 👨‍👩‍👧‍👦

As a mortgage broker, when we go through someone’s requirements, one of the main things we ask is… do you have protection in place? 🤔

This is one of the most overlooked aspects to our lives that should play a core part to our financial planning.

Having financial protection in place aims to give you that financial security needed, in the event of the unexpected happening 🔐

Remember: it’s not about you, it’s about them! 👶👧

Which protection products are right for you will depends on your circumstances and priorities.

Amongst the most common types of policies are:

✅ Life Insurance
✅ Critical Illness
✅ Income Protection

Main reasons for having protection in place:

⭐️ It provides piece of mind.
⭐️ It acts as a safety net when things don’t go to plan.
⭐️ It can give you time to get back on your feet.
⭐️ It can protect what’s most important to you.

If you have recently moved into a new home or maybe you’ve just started a family, get in touch for a free consultation and we can look at the best protection products that match your requirements🤝

📲| 07595 731335
📧| [email protected]

🥂 HAVE A GOOD WEEKEND EVERYONE!! 🥂

Yesterday I had the pleasure of attending the Bankhall PMS Connect 2024 conference at the NEC Arena in Birmingham 🤝

It was an amazing event, which allowed me to network with a number of different lenders and brokers to discuss the current mortgage market and anaylse what is on the horizon for 2024! 📈

These events are crucial for us advisers because it allows us to get an insight into lender predictions over the next 12-24 months in order for us to provide the most suitable recommendations to our clients! 👍🏻

If your mortgage rate is expiring within the next 3-6 months, give me a call and we can arrange a free consultation to look at your existing terms! 📲💻

Getting mortgage advice is paramount right now when it comes to remortgaging your property. It allows us to explore the market and compare rates offered with your existing lender!

If I can leave you with one thing today… If you’re buying a pair of trainers, ask yourself, do you purchase the first pair you see? 🤨

Get in touch!

📲| 07595731335
💻| [email protected]

🏠🩵IN OUR COVENTRY HOMES…🩵🏠

I had the pleasure to attend the PMS Mortgage Club 2024 ‘Kick Off’ event today at my spiritual home of the CBS Arena to discuss the latest mortgage market and the outlook for 2024 ⚽️

A fantastic network event, which allowed me to have many different conversations with other brokers and lenders to analyse the mortgage market for the next 12 months and beyond 📈

If you require any Mortgage or Protection advice, please get in touch and I am happy to go through all options, based on your requirements! 👍🏻

*FREE CONSULTATION**

Based in Warwickshire, Essex, Hertfordshire and London! 🚘

📲| 07595 731335
💻| [email protected]

Happy New Year everyone!! 🥳

We are all getting back into the swing of things after a relaxing couple of weeks away for Christmas 🎄

Thank you for your enquiries over the last couple of days, keeping me nice and busy! 😊

If you or a friend/family member require any mortgage advice going into 2024, please contact me and I would be happy to arrange a free consultation! 👍🏻

Mortgage rates are improving all the time and doing a full analysis of the market is vital to ensure that you are getting the best deal possible, ahead of your expiring rate 🏠🏠

📲| 07595 731335
💻| [email protected]

🏠🏠HAPPY MONDAY EVERYONE🏠🏠

This is the last week before Xmas and we are still hard at work to get these last few mortgage applications through before we finish for the Christmas break on Thursday 🎄🎄

If your mortgage rate is expiring at the end of the month and you are worried about going on the Standard Variable Rate (SVR), please give me a call 📲

I had a client have this very request last Wednesday evening. I did a full mortgage research analysis and I have secured a product transfer for them this afternoon, ready for start of January ✅

Get in touch if you have any queries 🎁🎁

📲 | 07595 731335
💻| [email protected]

Come and see us today at The Kenilworth Business Expo! We’re in the Kenilworth Room until 3.30pm talking all things Financial Design IFA Ltd
If you’re quick you might even get a free chocolate! 😉🍫
Kenilworth Chamber of Trade

✅🏠DONE DEAL🏠✅

Happy Monday everyone 👍🏻

A message from a very happy client who I have been dealing with over the past three months to secure her a re-mortgage ready for December 2023.

I always pride myself on delivering top-level service and a proactive approach when dealing with all my clients and these responses are a small token of appreciation that drives me to be the best I can be!

I’m dedicated to going above and beyond to building long lasting relationships, with the intention to produce one main goal… customer satisfaction ✅

If you are a first time buyer or if your current mortgage rate is due to expire within the next 6 months, get in touch 👍🏻