Poole Family Financial

Are you a Ltd company director?

Do you plan on applying for a mortgage now or in the future?

Want to know how to position yourself to maximise your lending as a director?

Then this workshop is for you 🫵🏼

Join us live on zoom.

Monday 20th May 2024 at 7pm

Spaces are limited.

Pop a yes in the comments if you’d like the link👇🏼

I’ll be covering off

✅ Understanding the mortgage application process

✅ Strategies for Ltd company directors

✅ Case studies from recent clients

This is a one off event, don’t miss out!

Do you have Life Cover? If your answer is no, why not? If your answer is yes, have you reviewed this recently?

You may have a current policy that was a perfect fit when you got it, but as we know, circumstances can change quickly. Therefore, it is crucial to ensure that your life insurance is reviewed to make sure you and your loved ones are fully protected in the event of any unexpected circumstances.

Here are a few reasons why a life insurance review is so important:

• Family Protection: Ensuring that your family are financially secure in your absence is the main purpose of life insurance. Our review will help you determine if any current cover is adequate in providing for your loved ones.


• Cost Efficiency: You may be paying more than necessary for your cover or not be receiving the full benefits you could be. We can help find cost-effective solutions that meet your needs and budget.

• Policy Updates: Life Insurance policies have evolved over the years and can offer additional features and benefits. You may be missing out on valuable policy enhancements that can further safeguard your family’s future.

• Life Changes: As your life changes, so do your insurance needs. Our review will ensure that your policy reflects your current financial situation, lifestyle and goals.

• Peace Of Mind: Knowing that your life insurance is up-to-date and sufficient provides peace of mind for you and your family allowing you to focus on enjoying life!

We are here to help you navigate through the jargon of life insurance and work with you to understand your needs and goals. We will then recommend a tailored plan based on your circumstances to ensure you are fully protected should the worst happen.

If you would like to have a review of your life insurance then please either drop us a message or book an appointment at https://calendly.com/poolefamilyfinancial. If you cannot find any suitable times, contact us and we will fit you in at a time convenient for you.

Are you ready to take the next step towards homeownership?

Understanding:

✅ Your financial situation

✅ Market knowledge

✅ Budget planning

✅ Credit score

✅ The benefits of homeownership

These are all crucial factors in making this life changing decision.

If you’re unsure about where you stand, we have a tool that can help.

We’ve devised a ‘Homeownership Readiness’ Quiz.

Answering 20 yes/no questions will generate an individual report based on your answers.

Your answers will give you pointers and tips on where you can improve.

It will also confirm your strong points 💪🏼

Want to know your score?

Pop onto our story for the link 👌🏻

Great working with local businesses 👌🏻

💫 🩷 Ashwater Close 🩷 💫

Happy Completion Day to the vendors and purchasers. Sold on the first viewing with an over asking offer from a first time buyer.

Massive thanks to Matt from who helped the buyer with his mortgage and Bannister Preston who completed the conveyancing.

Good luck in your new homes 🏠 🔑

Proud day in the Poole household 🥳🥳

It’s been a tough start to the year, but we have cause for celebration.

Poole Family Financial is growing and Jennie is now authorised to give protection advice 🙌🏻

So proud of the hard work Jennie has put in already.

It’s like she’s been doing the job for years and we can’t wait for her to be up and running properly.

If reviewing your personal insurances and making sure your family are looked after financially then look no further 👌🏻

Pop us a message and we’ll get you all sorted.

What a brilliant night out for our Christmas do last night.

A night spent with 2 of our closest friends and fellow business owner of

Another year of hard work for us both, it’s so important to celebrate just how far you have come.

Thank you for an amazing night guys 🍻🎶

Great to be working together with local businesses 🙌🏻

Ashwater Close, M23 📍

🩷 SOLD 🩷

What a great result for the vendors and purchasers of this wonderful home !!

Sold within a week of being listed 🪧

A huge thanks to Matt at who’s sorted out the mortgage for the buyers all within a couple of days work !!!

Let’s get the ball rolling and get everyone moved 🏡 🔑

Local businesses working together, great outcome for all involved 🏡🍾🥂

🔑 💫 COMPLETED 💫 🔑

🥳Congratulations to both the vendors and purchasers on this fantastic home!!!

Huge thanks to Matt and the team at who help every step of the way !!!

Where the hell has the last 3 years gone⁉️

3 years in business and we’re still here 🙌🏻

✅ Still working hard

✅ Still doing our best for our clients

✅ Still providing as much value as we can

✅ Still working around our boys

✅ Still working on ourselves

✅ Still a long way to go to where we want to be

✅ Still work to do on our business

✅ Still

These last 9 months have been the toughest I’ve known it, since working as a broker.

It’s been tough, stressful and a huge challenge.

We’re still here and we’re not going anywhere 👊🏻

Mortgage deal expiring in the next few months?

This post is for you 🫵🏽

Lenders are making a pledge, that you can secure a new mortgage deal up to 6 months in advance.

‼️YOU NEED TO TAKE ADVANTAGE OF THIS ‼️

✅ Get a new deal locked in as soon as you can - this will then be your worst case scenario

✅ This deal sits in place until your current deal ends

✅ You’ll have 6 months to prepare yourself for the new outgoing

✅ If rates go up - you know you got the best deal available at the time

✅ If rates come down - happy days, you can switch to the lower rate

✅ If rates continue to fall, you can change as many times as you need to before your current deal ends

✅ This gives you the best of both worlds

I’m sure there will be a lot of volatility over the coming months.

Make sure you’re in as much control of this as possible.

Uncertainty causes so much stress and anxiety, especially when it comes to finances.

By being in control of this you can at least take away some of the uncertainty.

My dm’s are always open if you need any guidance 👌🏻

Huge thanks to Kourtney Kardashian for spreading the news of another base rate rise for us!

A 0.5% rise this time with the base rate now sitting at 5%.

The highest it has been in the last 15 years.

With inflation remaining high and rising core inflation, pressure has been put on the Bank of England to further increase rates.

The trouble with consistently increasing the base rate is that it takes time to have the desired effect on the economy.

The latest rise is a further attempt to dampen economic activity in the hope that it will bring down price rises.

It's another huge blow to homeowners who are facing a remortgage in the coming months.

Who will no doubt be coming off a much lower rate than what is currently being offered.

What are your thoughts on the continuing rises?

Recession on the way?

Absolutely brilliant day out at Old Trafford on Saturday.

Huge thank you to Virgin Money.

A day that me and my boys will never forget.

✅ Amazing hospitality

✅ Delicious 3 course meal

✅ Q&A with United legends

✅ Drinks on tap

✅ Brilliant company

✅ Best seats in the house

✅ A 2-0 win

All set for Manchester United today! Thank you to Virgin Money for the tickets to the Ambassador Lounge!

All the talk this week has been about 100% mortgages.

Here’s some calculations to show potential borrowing, based on current rates with Skipton Building Society.

✅ Skipton are offering a 5 year fixed rate at 5.49% (correct at 11th May 2023)

✅ A maximum term of 35 years is available, depending on age at the end of the mortgage term

The figures below are based on a 30 year term:

👉🏻 £750 monthly rental payment - potential max mortgage of £132,237

👉🏻 £1,000 monthly rental payment - potential max mortgage of £176,317

👉🏻 £1,250 monthly rental payment - potential max mortgage of £220,396

👉🏻 £1,500 monthly rental payment - potential max mortgage of £264,475

👉🏻 £2,000 monthly rental payment - potential max mortgage of £352,633

———————————————————————

On top of this you will also need to meet Skipton’s standard affordability checks.

With this being a 100% mortgage, naturally there will be a high threshold to pass the credit check too.

This is a brilliant concept in theory and the minority will be eligible rather than the majority.

Definitely a step in the right direction, in helping first time buyers onto the property ladder.

Will we see more lenders coming up with similar concepts in the near future?

100% mortgages are back 😱

Specifically aimed at those currently renting.

Are Skipton Building Society about to change the game for first time buyers?

There are some key points of criteria that you must hit to be eligible:

✅ You must be able to show a track record of maintaining rent and household expenditure for a minimum of 12 months, in the last 18 month period

✅ The monthly mortgage payment must be equal or lower than the average rental payment over the last 6 months

✅ Maximum of 4.49x income

✅ You must be a first time buyer over the age of 21

✅ Credit profile will need to be immaculate with no missed payments

This isn’t a free for all where you can lend what you want.

Affordability still needs to be assessed in the usual way.

Along with assessing affordability based on the current rental payment being made.

Great to see a lender with an innovative idea, to help these with high rent costs who struggle to save a deposit.

This isn’t something that is going to open the doors to irresponsible lending and is definitely a step in the right direction.

The big question is - will those renting be able to borrow enough to buy their own property, based on what their current rent payment is?

Looking forward to helping more clients get on the property ladder 🙌🏻

I will never get tired of receiving feedback like this.

This one was a tricky case where an original purchase fell through.

Meaning I had to continually review the mortgage market to ensure we were getting the best deal for the client.

“I would recommend Poole Family Financial to anyone.

Matt was an absolute breeze to work with- he made applying for the mortgage and guiding me through the different products really straightforward.

He was able to correspond at times/ via means that suited me. I also felt I got much better deals than with other brokers.

Don’t waste your time going anywhere else.”

We got there in the end and after a couple of tough years, this client is now settling into her new home with her children 🤩

Customer service is always at the forefront of what we do.

Always striving to improve and get the right result for our clients 🙌🏻

First gymnastics competition for Alfie yesterday -

First Gold medal in the bag🥇😍

Amazing day yesterday watching Alfie and his partner Isobel, compete in their first competition.

They were faultless with their routine and took the Gold medal.

Beating a couple 3 years older than them to the Gold medal 😮

They’ve only been working together since June and have made huge progress.

We’re so proud of him, the dedication and commitment he shows is inspirational.

Can’t wait to see what the future holds for these superstars 🤩

Topped off with a win in the derby for United, if Carlsberg did weekends 🤣