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FAQ’s

Depending on your age, how long ago you were diagnosed and how well controlled it is yes, we can source a provider that may offer you protection which can include Life Cover as well as Income Protection.

Some providers offer conditions on their covers, such as requesting annual blood test results and others will underwrite your application based on the medical information provided from your GP. Most providers who offer cover to diabetic patients will request either a medical screening, GP report or in some cases both.

If you suffer from diabetes and would like to protect yourself or your loved ones, please do not hesitate to contact us.

This enables individuals to get private medical care when required, at a time and place which suits them, with a consultant or surgeon of their choice (this is not possible in the NHS) and the insurer covers all or most of the costs depending on the cover taken out.  Private Medical Insurance can help to avoid long waiting lists to see a specialist for treatment or diagnosis. This form of health insurance will typically only cover acute health conditions only.

 

The ability to make overpayments depends on the lender and type of product you have.

Typically, if you have a fixed rate product, the lender will have a restriction of overpaying a maximum 10% of the balance annually. If you have a Standard Variable Rate product, then there are usually no restrictions to the amount you can repay at any time.

We have access to special products giving your flexibility to make payments which exceed your 10% allowance without a penalty, as well as allowing you to clear the whole mortgage without incurring an early repayment charge. However, the lender may charge a small exit fee which is typically a few hundred pounds.

A handful of lenders have recently started offering loans at 80%. However, the majority of Buy to Let lenders will cap the LTV to 75%. The LTV will depend on the monthly Rental, tenancy type, personal income, experience, credit rating and property type, to name a few.

Based on your individual circumstances and requirements, we can obtain the best rate and mortgage product for you.

Yes, you do not necessarily need to own a property to obtain a buy to let mortgage. You can essentially be a first time buyer, first time landlord.

Yes, as if you own a property anywhere in the world, you are deemed to be a property owner and you may be liable to pay an additional level of Stamp Duty. You need to consult your legal & tax advisor to confirm your status on this matter.

The benefit of placing a life policy into Trust is that it does not fall as part of your estate and the money is paid directly to the trustees. If the life insurance policy is not in Trust, it would be added to the deceased person's estate and potentially cause an inheritance tax bill if the deceased nil rate band is fully used up.

For example, John is single and has a mortgage-free house worth £300,000 and a life insurance policy of £100,000 which is not in Trust. The value of his Estate is £400,000, minus his nil rate band of £325,000, means that £75,000 is potentially liable for Inheritance Tax (IHT). His beneficiaries would need to pay 40% tax on the £75,000 before they could inherit his estate.

As part of our advice and service, we do recommend that your policies go into Trust. The life insurers provide basic Trust forms which are free to use. If there is an existing policy, you need to request the relevant trust documents from your provider, and if you are setting up a new policy, this can be done at the time of application before the policy is put on risk.

Income protection insurance is an insurance policy that provides a monthly benefit if you are unable to work due to accident or sickness and pays out until you return to work, the end of the policy term (usually your retirement age) or upon death, whichever is sooner.

A decreasing term insurance policy is used to provide life cover for a Repayment (Capital & Interest) mortgage. With a decreasing term insurance policy, the sum assured reduces in line with the mortgage balance every month and is designed to last for the term of the mortgage.

A level term is used to provide life cover; the sum assured stays the same for the duration of the plan. This plan can be used to repay a mortgage debt and provide a legacy for loved ones.

We work with over 50 of the UK’s biggest Mortgage Lenders. Please see the full list in alphabetical order below for the lenders that we deal with directly:

Accord Mortgages, Aldermore, Axis Bank, Bank of China, Bank of Ireland, Barclays, Bluestone Mortgages, BM Solutions (Birmingham Midshires), Buckinghamshire Building Society, Chorley Building Society, Clydesdale Bank, Coventry Building Society, Cynergy Bank (Bank of Cypress), Danske Bank, Dudley Building Society, Fleet Mortgages, Foundation Home Loans, Godiva, Halifax, Hanley Economic Building Society, Hinckley & Rugby Building Society, HSBC, Hodge Lifetime, Interbay, Kensington Mortgages, Kent Reliance, Landbay, Leeds Building Society, Lendinvest, M&S Bank, Magellan Home Loans, Mansfield Building Society, Melton Mowbray Building Society, Metro Bank, Monmouthshire Building Society, National Counties Building Society, Nationwide Building Society, NatWest, Newcastle Building Society, Norwich and Peterborough Building Society, Nottingham Building Society, Paragon Mortgages, Pepper Money, Post Office, Principality Building Society, Progressive Building Society, Saffron Building Society, Santander, Scottish Widows Bank, Shawbrook Bank, Skipton Building Society, State Bank of India, The Family Building Society, The Mortgage Lender, The Mortgage Works, Together Mortgages, TSB, Vida Homeloans, Virgin Money, Zephyr Homeloans