Agentis Financial & Mortgage Solutions LTD

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📞01733 367800
⌨[email protected]
💻www.agentisfinancial.co.uk
*Your home may be repossessed if you do not keep up the repayments on your mortgage*

Agentis Financial & Mortgage

🥳🥳🥳We’re super excited this month as Agentis is turning 10!🥳🥳🥳

Get ready to celebrate with us and the team over the next month 😊we can’t wait to reminisce over the years with all our customers old and new.

📞01733 367800
⌨[email protected]
💻www.agentisfinancial.co.uk
*Your home may be repossessed if you do not keep up the repayments on your mortgage*

Are you looking to remortgage in 2024? 🏠

Speak to one of our expert advisers today to see if we can find you a better deal and research the whole of the mortgage market for you.

📱01733 367800
📧[email protected]
🖥www.agentisfinancial.co.uk

Although several fixed-rate agreements fell below 4% for a brief period, the state of the economy is ever-changing. Mortgage rates may be higher than they were a few years ago, but this, along with property prices, can change from week to week. It’s worth speaking to a mortgage broker, as they will closely monitor the changing mortgage rates and house prices and be able to advise accordingly. In fact, 90% of mortgages are currently secured through a broker. With that in mind, you may wonder if now is a good time to get a mortgage in Peterborough.

Current house prices in Peterborough

As housing costs continue to soar, an increasing number of people are looking to leave London and move to less expensive places. Peterborough is one commuter town that is sufficiently close and offers more reasonably priced houses.

The average house price in Peterborough was £250,859 over the last year, making it one of the most affordable cities to live in near London. In 2020, the average property price in Peterborough was almost £300,000, so prices are falling slightly, making this locality an attractive place to live, especially for first-time buyers.

Is Peterborough a good city for first-time buyers?
Compared to larger cities, Peterborough offers more affordable housing options, making it potentially attractive for first-time buyers. There are many shared ownership schemes in this city, making it an ideal place for house buyers to make their first step on the property ladder.

There are also various plans by property developers to expand shared ownership homes across and near Peterborough.

Is it a good time to get a remortgage?
You can apply for a remortgage if your mortgage is coming to an end, if you need to raise some money for home improvements, or if you need to consolidate some debts.

Remortgaging may not be a good idea if:
• Your financial circumstances have changed.
• You’ve experienced credit issues.
• There’s not much left for you to repay.
• You’re on a competitive rate.

Depending on these factors, the decision of whether you want to remortgage or not is yours. If unsure, you can always speak to a mortgage advisor to help point you in the right direction.

Peterborough’s house prices are competitively priced compared to London and the Home Counties, making it an attractive place to get a mortgage. It is a commutable distance from London, has many housing schemes and offers a variety of different types of houses.

However, it is important to note that it is also dependent on your current financial situation and whether the pros outweigh the cons.

There is never a bad time to buy a home. You just need the right approach to finding a mortgage and to be satisfied with your personal reasons for buying.

Need further mortgage advice? Contact us for further information.

If you feel like you need help and advice, please give us a call or send us an email. One of our expert brokers will be happy to help.

📞01733 367800
⌨️[email protected]
💻www.agentisfinancial.co.uk
*Your home may be repossessed if you do not keep up the repayments on your mortgage*

Some or all of your deposit may be a monetary gift from your close family.

Most lenders accept this form of deposit. And, if required, your broker will detail to you any additional documents your chosen lender may need for this.

Often there is a form that is required to be filled out or a letter to be signed by the donor of the deposit.

If you feel like you need help and advice, please give us a call or send us an email. One of our expert brokers will be happy to help.

📞01733 367800
⌨[email protected]
💻www.agentisfinancial.co.uk

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

Our main office will be closed from 5pm on August 23rd 2024, and will reopen at 9am on August 27th, 2024. We will be closed August 26th for the Summer Bank Holiday,

If any matters are urgent please contact your broker directly or use the 'Contact us' section of our website.

📞01733 367800
⌨[email protected]
💻www.agentisfinancial.co.uk
*Your home may be repossessed if you do not keep up the repayments on your mortgage*

Did you know you don't have to take the longest term available?

Check out this article from Mortgage Solutions, extending the term of mortgages on average with first-time buyers can cost them, on average, an additional £87k over the whole term!

Our brokers will always show you the full cost of your mortgage and its term. Sometimes you might find that it's not actually costing too much more for you to have a term difference of 5 years and may be affordable within your budget.

If you feel like you need help and advice, please give us a call or send us an email. One of our expert brokers will be happy to help.

📞01733 367800
⌨[email protected]
💻www.agentisfinancial.co.uk
*Your home may be repossessed if you do not keep up the repayments on your mortgage*

Extending a mortgage term by 10 years costs first-time buyers £87k Opting to extend to a longer mortgage term can mean more affordable monthly repayments, but it comes with a significant cost later down the line.

⭐⭐⭐⭐⭐ FIVE STAR FRIDAY! ⭐⭐⭐⭐⭐

Congratulations Lee Jeffrey Mortgage & Protection Consultant for getting another fantastic five-star review!

If you'd like to see how Lee can help you with your first or next mortgage, contact him on the following details:
📞01733 367800
📱07808164226
⌨️[email protected]
💻www.agentisfinancial.co.uk
*Your home may be repossessed if you do not keep up the repayments on your mortgage*

For an interest-only mortgage, the borrower is only obliged to pay interest for a certain amount of time. This is paid in monthly instalments, similar to a traditional mortgage. All you have to pay each month for an interest-only mortgage is interest on the loan amount.

Until the mortgage term has expired, you are not required to repay the entire amount. Unlike a repayment mortgage, which gradually lowers the debt until it is paid off in full by the end of the mortgage term, this one requires you to repay both interest and a portion of the loan each month.

What is a high-net-worth individual?
To be considered a high-net-worth individual, you typically will have:
• An annual income above £100K
• Net assets over £250K beyond your pension fund assets and your private residence

Interest-only mortgages can be suitable for high-net-worth individuals in certain circumstances, but it’s essential to carefully evaluate the advantages and disadvantages before deciding if it’s the right option. Below are some factors to consider.

What are the advantages of an interest-only mortgage for high-net-worth individuals?

Cash flow management
Interest-only payments allow borrowers to manage their cash flow more effectively, as they only need to cover the interest portion of the loan, leaving more funds available for other investments or expenses.

Investment opportunities
High-net-worth individuals may choose interest-only mortgages to free up capital for other investment opportunities that have the potential for higher returns than the cost of mortgage interest.

What are the drawbacks of an interest-only mortgage for high-net-worth individuals?
Principal repayment risk
With interest-only mortgages, the borrower is not making payments towards the principal amount of the loan. This means they don’t build equity in the property and are at risk if property values decline.

Interest rate risk
If interest rates rise, the cost of servicing the mortgage can increase, potentially leading to higher monthly payments.

Market fluctuations
High-net-worth individuals who depend on the value of their investments to cover the principal repayment at the end of the mortgage term may face challenges if market conditions are unfavourable.

Long-term costs
Over the long term, interest-only mortgages may cost more than traditional mortgages, since the principal amount remains unpaid for a longer period of time.
Things to consider

With all this in mind, there are certain factors to consider when taking out one of these mortgages.
These include:
• Financial discipline: High-net-worth individuals should have the financial discipline to invest the freed-up capital wisely to offset the risks associated with interest-only mortgages.
• Exit strategy: It’s crucial to have a well-defined exit strategy for repaying the loan amount, whether through the sale of assets, investments, or other means.
• Consultation with financial advisors: Seek advice from financial advisors and mortgage professionals who can assess your specific financial situation and help determine if an interest-only mortgage aligns with your overall wealth management strategy.

Conclusion
Interest-only mortgages can be a viable option for high-net-worth individuals, but they require careful consideration and a thorough understanding of the associated risks and benefits. Consulting with financial professionals is strongly recommended to make an informed decision based on individual circumstances. If you require additional advice on this matter, get in touch with one of our friendly mortgage advisors in Peterborough today.

If you feel like you need help and advice, please give us a call or send us an email. One of our expert brokers will be happy to help.

📞01733 367800
⌨[email protected]
💻 www.agentisfinancial.co.uk
*Your home may be repossessed if you do not keep up the repayments on your mortgage*

Our main office will be closed from 5pm on August 23rd 2024, and will reopen at 9am on August 27th, 2024. We will be closed August 26th for the Summer Bank Holiday,

If any matters are urgent please contact your broker directly or use the 'Contact us' section of our website.

📞01733 367800
⌨[email protected]
💻www.agentisfinancial.co.uk

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

🚨🚨🚨Introducing Agentis Specialist Finance!🚨🚨🚨

Our sister company is now open and ready to receive your specialist finance enquiries.

Agentis Specialist Finance can help you to arrange specialist mortgages including bridging finance, commercial loans, and business finance with jargon-free straightforward advice.

We support start-ups, SMEs and large enterprises by helping them secure suitable loans for their requirements.

If you would like some more information, contact us today!

📞01733 367800
⌨[email protected]
💻www.agentisfinancial.co.uk
*Your home may be repossessed if you do not keep up the repayments on your mortgage*

Every mortgage application and individual circumstance are different, but did you know you can have up to 4 applicants on a mortgage?

If you feel like you need help and advice, please give us a call or send us an email. One of our expert brokers will be happy to help.

📞01733 367800
⌨ [email protected]
💻www.agentisfinancial.co.uk
*Your home may be repossessed if you do not keep up the repayments on your mortgage*

Do you know what types of mortgage are available to you?

Offset mortgages are not commonly seen in today’s market but some lenders still offer them as a product.

Offset mortgages provide homeowners with a way to reduce their interest payments and pay off their debt sooner.

They work by linking your savings account to your mortgage, so any money you save can be used to reduce the amount of interest charged on your loan.

For example, if a homeowner held £20,000 in an offset savings account whilst also having an outstanding £100.000 mortgage balance, they would only be charged interest on £80,000 rather than the full amount.

Instead of the homeowner earning interest on their savings, the lender will reduce the amount of interest charged on the homeowner’s mortgage.
This generally results in a lower monthly payment for the borrower.

If you're unsure of what to do or think you could benefit from some advice please give us a call, we are happy to help.

📞01733 367800
⌨[email protected]
💻www.agentisfinancial.co.uk
*Your home may be repossessed if you do not keep up the repayments on your mortgage*

⭐⭐⭐⭐⭐FIVE STAR FRIDAY!⭐⭐⭐⭐⭐

Congratulations Paolo Maraio Mortgage Broker and Protection Advisor for providing the best possible five-star service for your clients! We think Paolo is a great guy too. 😊

If you'd like to get in touch with Paolo to see how he can help you, don't hesitate to get in touch with him on the details below.

📞01733 367800 – option 6
📱07711668242
⌨[email protected]
💻www.agentisfinancial.co.uk
*Your home may be repossessed if you do not keep up the repayments on your mortgage*

One of your goals for 2024/25 may be to purchase your first home. 🏠

With some lenders' decisions in principle being valid for 3 months, now could be the time for you to start looking into the mortgage market.

Finding the right mortgage for you is what we specialise in and our brokers can help you every step of the way.

If you’re looking to purchase your first home, please give us a call or send us an email. One of our expert brokers will be happy to help.

📞01733 367800
⌨ [email protected]
💻www.agentisfinancial.co.uk

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

Securing a mortgage is a significant financial decision, and the interest rate you obtain can have a lasting impact on your overall homeownership costs. While mortgage rates are influenced by market conditions, there’s room for negotiation to secure the right deal. In this guide, we’ll explore effective strategies for negotiating your mortgage rate and ensuring you achieve favourable terms for one of the most important financial commitments in your life.

What Gets You a Better Mortgage Rate?

1. Research Current Market Rates
Before entering into negotiations, research and understand the current market rates. Monitoring trends in interest rates and knowing what other lenders are offering will provide you with valuable information to leverage during negotiations.

2. Improve Your Credit Score
A higher credit score can significantly enhance your negotiating power. Lenders often reserve their best rates for borrowers with excellent credit. Take steps to improve your creditworthiness by paying bills on time, reducing outstanding debts, and addressing any inaccuracies on your credit report.

3. Compare Multiple Lenders
Don’t settle for the first offer you receive. Approach multiple lenders and gather quotes from various sources. This not only allows you to compare rates but also provides you with bargaining power when negotiating with your preferred lender.

4. Consider the Loan Term
The loan term can impact the interest rate offered. Generally, shorter terms come with lower interest rates but higher monthly payments. Longer terms offer lower monthly payments but typically come with slightly higher interest rates. Consider your financial goals and choose a term that aligns with your budget while negotiating for the most favourable rate.

5. Demonstrate Financial Stability
Lenders prefer borrowers who demonstrate financial stability. Provide a comprehensive picture of your financial situation, including a steady income, minimal outstanding debts, and a healthy credit history. This can instill confidence in lenders and contribute to securing a more favourable rate.

6. Bundle Services
Some lenders may offer discounted rates if you choose to bundle additional services, such as insurance, or open a savings account with them. Inquire about package deals and explore the potential for cost savings by consolidating your financial services.

7. Be Prepared to Negotiate Fees
In addition to the interest rate, be prepared to negotiate associated fees. Some fees, such as origination fees and application fees, may be negotiable. Clearly understand the breakdown of all fees and discuss ways to minimise or eliminate certain charges.

8. Use a Mortgage Broker
Whole of Market mortgage brokers can be valuable allies in the negotiation process. They have access to a wide range of lenders and can use their industry knowledge to negotiate on your behalf. While brokers may charge a fee, the potential savings they can secure may outweigh the cost.

9. Lock in Your Rate
Once you’ve negotiated a favourable rate, consider locking it in, especially if you foresee potential rate increases in the market. Rate locks typically have expiration dates, so be mindful of the timeline and ensure you finalise your mortgage application within the specified period.

10. Leverage Your Relationship
If you have an existing relationship with a bank or credit union, leverage it during negotiations. Your history as a customer may provide you with additional negotiating power. Inquire about loyalty programs or special rates for existing customers.

In conclusion, negotiating your mortgage rate is a critical aspect of the home-buying process.

By researching current market rates, improving your credit score, comparing lenders, and employing effective negotiation strategies, you can increase your chances of securing a mortgage with the best possible terms.
Remember, the mortgage rate you negotiate today can have a lasting impact on your financial well-being, so approach the negotiation process with diligence and confidence.
Speak to the expert mortgage brokers at Agentis today to arrange a free initial consultation.

If you feel like you need help and advice, please give us a call or send us an email. One of our expert brokers will be happy to help.

📞01733 367800
⌨[email protected]
💻www.agentisfinancial.co.uk
*Your home may be repossessed if you do not keep up the repayments on your mortgage*

If you are selling your home and buying a new one, it may not seem obvious where your deposit is coming from.

Most people use all of the equity or some of the equity from this sale to fund their deposit once their previous mortgage has been cleared down.

Similarly, you may wish to keep your existing property and let it out on a buy-to-let basis. You are able to re-mortgage your current home and raise your deposit funds from this re-mortgage instead, providing there is enough equity to do so.
Here at Agentis, we can help arrange all types of mortgage, your first, your next, and even a new buy-to-let re-mortgage.

Your conveyancer will help with the legal side of things to provide a simultaneous completion of the old mortgage, the start of a new mortgage, and release of funds with your chosen lender.

If you feel like you need help and advice, please give us a call or send us an email. One of our expert brokers will be happy to help.

📞01733 367800
⌨[email protected]
💻www.agentisfinancial.co.uk

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

Today we celebrate Luca Palumbo - Mortgage Specialist being with Agentis for 4 years!🎉🎉🎉

We're really proud to have Luca as part of our team.

Luca keeps smashing it with some of our best 5-star Google reviews (go check them out!). He really does provide his clients with the very best service.

Congrats Luca and here’s to many more successful years! 🏆

If you would like to see how Luca can help you, get in contact with him on the details below:

📱07976030425
📞01733 367800 - option 9
⌨️ [email protected]
💻www.agentisfinancial.co.uk
*Your home may be repossessed if you do not keep up the repayments on your mortgage*

You can switch your product with your current lender if your current rate is coming to an end.

However, you may find that your existing lender doesn't offer you the very best products.

Our brokers here at Agentis will research the whole of the mortgage market for you and find you the best product for your needs.

If you feel like you need help and advice, please give us a call or send us an email. One of our expert brokers will be happy to help.

📞01733 367800
⌨[email protected]
💻 www.agentisfinancial.co.uk
# #

⭐️⭐️⭐️⭐️⭐️ FIVE STAR FRIDAY!⭐️⭐️⭐️⭐️⭐️

Teamwork makes the dreamwork!

If you feel like you need help and advice, please give us a call or send us an email. One of our expert brokers will be happy to help.

📞01733 367800
⌨️[email protected]
💻www.agentisfinancial.co.uk
*Your home may be repossessed if you do not keep up the repayments on your mortgage*

Are you looking at a property that is marketed as a leasehold?

This is common for flats, shared ownership properties, and even some houses. There are a number of factors to consider when deciding whether or not to purchase this type of property. It means whilst you and the lender own the property, someone else owns the ground the property is built upon and this often means certain restrictions are in place.

There are often monthly service charges and ground rent to consider within your affordability and budget.

The lender may also need to know more details about the lease itself.

If you feel like you need help and advice, please give us a call or send us an email. One of our expert brokers will be happy to help.

📞01733 367800
⌨[email protected]
💻www.agentisfinancial.co.uk

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

Embarking on the journey to homeownership in the UK involves navigating through the intricacies of the mortgage application process. From gathering essential documents to understanding lender requirements, a well-prepared approach is key to a smooth and successful experience. Here’s the ultimate checklist to guide you through the mortgage application process and ensure a seamless journey to your dream home.

What Are the Stages of Getting a Mortgage Approved?
1. Know Your Credit Score:
Start by checking your credit score. Lenders use this information to assess your creditworthiness. A higher credit score can often result in more favourable mortgage terms. If your score needs improvement, take steps to address any issues before applying.

2. Assess Your Financial Health:
Evaluate your financial situation, including income, expenses, and existing debts. Understanding your financial health will help you determine how much you can afford to borrow and contribute towards a deposit.

3. Save for a Deposit:
In the UK, a substantial deposit is often required to secure a mortgage with favourable terms. Save diligently to ensure you have the necessary funds, typically ranging from 5% to 20% of the property’s purchase price.

4. Research Your Mortgage Options:
Familiarise yourself with the various mortgage products available in the UK, including fixed-rate, variable-rate, and tracker mortgages. Researching these options will empower you to choose the one that aligns with your financial goals and preferences.

5. Get Your Documentation in Order:
Compile essential documents such as proof of identity, proof of address, proof of income, and details of existing debts. Having these documents readily available will streamline the application process and prevent delays.

6. Budget for Additional Costs:
Beyond the mortgage and deposit, be prepared for additional costs such as legal fees, valuation fees, and stamp duty. Understanding these expenses upfront will help you budget more effectively and avoid financial surprises.

7. Seek Mortgage Pre-Approval:
Consider getting pre-approved for a mortgage before house hunting. Pre-approval involves a lender assessing your financial situation and providing a conditional approval for a certain loan amount. This not only strengthens your position as a buyer but also narrows down your property search to a realistic budget.

8. Compare Lenders and Mortgage Offers:
Shop around and compare mortgage offers from different lenders. Consider factors such as interest rates, fees, and terms. Consulting with mortgage brokers can provide valuable insights and help you secure the best possible deal.

9. Understand the Mortgage Terms:
Read and understand the terms of the mortgage agreement, including interest rates, repayment terms, and any associated fees. Seeking legal advice can be beneficial in ensuring a clear understanding of the terms and conditions.

10. Stay Organised Throughout the Process:
Maintain clear, consistent communication with your lender. Respond promptly to requests for additional information and keep track of important deadlines to ensure a smooth and efficient experience.

By following this comprehensive checklist, you’ll be well-prepared to navigate the mortgage application process in the UK. With a clear understanding of your financial situation and the necessary documentation, you can approach lenders confidently and increase your chances of securing the mortgage that best suits your needs.
For expert advice from professionals, speak to the Whole of Market mortgage broker team at Agentis. You can book a free initial consultation with us to get your questions answered and move one step closer to owning a house you can call home.

If you feel like you need help and advice, please give us a call or send us an email. One of our expert brokers will be happy to help.

📞 01733 367800
⌨ [email protected]
💻www.agentisfinancial.co.uk
*Your home may be repossessed if you do not keep up the repayments on your mortgage*