Areas of Advice
Mortgages
Mortgage advice
Mortgaging a property is one of the biggest financial decisions you’ll make, so it’s important to have the appropriate ‘top cover’ to help navigate this process.
We understand the nature of busy lives and 9-5 work schedules.
Our appointment system extends to evenings and weekends. In addition to our professional mortgage advice, Lympstone Financial covers the whole of the mortgage market, providing our clients with a wider breadth of service, and allowing us to always offer the most up-to-date products and services.
From first-time buyers to experienced portfolio landlords, we will find the product and provider that is most suitable to your needs; and don’t worry about the admin, we will work closely with the mortgage lender on your behalf, from submission of application through to mortgage offer and completion.
Think carefully before securing other debts against your home. Your home could be repossessed if you fail to keep up with the mortgage payments.
The Financial Conduct Authority does not regulate some Buy to Let Mortgages.
First-time buyers
Purchasing your first home is an exciting time, but it can also be a stressful and daunting process. Our mortgage advisers will guide you every step of the way, recommending the options that are right for you according to your individual budget, circumstances and requirements.
Re-Mortgages
Conducting a mortgage review can be an ideal time to obtain better interest rates, reduce monthly payments, release funds from your property, or increase/reduce your mortgage term.
With our state-of-the-art whole of mortgage market sourcing system, we can ensure that you get you the most suitable re-mortgage deal for your circumstances. Our specialist sourcing can also filter for:
- ‘lender fee free’ options
- free valuations
- free legal conveyancing
Depending on individual circumstances it may also be possible to consolidate existing debts through the funds obtained at re-mortgage**
**Securing short term debt against a long-term borrowing plan will invariably make the cost of this borrowing more expensive over the full term.
Buy to Let
If you are considering property as an investment through Buy to Let, we can help you to determine which products are right for you based on expected rental income and interest rates.
As a specialist buy-to-let mortgage adviser, we source from the whole of the market to find the most suitable deal to suit your individual requirements.
We can also arrange finance for:
- Auction finance
- First time buyers
- Homes of multiple occupancy (HMO)
- Refinancing a property within 6 months of purchase
- Limited company purchase and portfolio lending (England only)
First Time Buyer Landlords
While many lenders stipulate that you must be a homeowner before being a buy-to-let client, Lympstone Financial has access to products for first time buyer landlords.
Lympstone Financial will talk you through the range of deals we can source that are right for you.
If you are considering becoming a first time buyer landlord why not contact us today to find out more.
Shared ownership schemes
Shared ownership bridges the gap between renting and being able to buy. It is based on a partnership between you and the available providers in your area, enabling you to buy the property that you want, and one that you may otherwise be unable to afford if buying on your own.
How it works
With shared ownership, you buy between a 25% and 75% of a property (Excluding Northern Ireland).
You have the option to buy a bigger share in the property at a later date. Most of the homes available are newly built, but some are properties being re-sold by housing associations.
All shared ownership homes in England are offered on a leasehold only basis.
For information on Co-Ownership in Northern Ireland please click here.
Each UK country runs their shared ownership scheme slightly differently. For more information on which schemes apply in your area please get in touch.
Help to Buy
Help to Buy is a government scheme which can help first time home buyers get a property with just a 5% deposit (England only). The government lends first-time buyers and existing homeowners’ money to buy a newly built home.
You can borrow 20% of the purchase price interest-free for the first five years as long as you have at least a 5% deposit. If you live in London, you can borrow up to 40% of the purchase price.
For more information and other schemes outside England, please get in touch.
The help to buy scheme ends in March 2023
Family Protection
Why Protection is Important
Unexpected events can have devastating effects on lives and families, and this can be felt most poignantly by those who have experienced military life.
Having adequate protection in place is therefore vital, and can be the difference between keeping or losing your home, or maintain your family’s lifestyle.
Lympstone Financial offers advice on a range of protection products that can be tailored to meet and sustain your individual needs and circumstances. Lympstone Financial will advise you which product is most suitable to your needs and stage of life
Life Insurance
We’ll help you to ensure that your family has financial security in the event of your death. This can be structured in different ways through policies that enable you to create an inheritance for your heirs or provide funds to pay final expenses. Lympstone Financial will help you select which product is most suitable to your needs and stage of life.
Critical Illness
Lympstone Financial provides advice on Critical Illness insurance that is designed to help you or your family cope in the event of diagnosis of a serious illness. This cover is often written alongside life insurance or as part of a more comprehensive protection package. Our panel of providers offer some of the most competitive products on the market so that you get the support you need, when it’s needed.
Income Protection
Income Protection is designed to help support you if an illness or injury stops you from working or reduces your earnings. This can be arranged long term so that you know your income is always protected, or on shorter terms in order to ‘fill the gap’. Income Protection can often be more financially beneficial than a lump sum pay out and offers the peace of mind of knowing your income is supported.
Home Insurance
Lympstone Financial can advise you on a range of home insurance options to make sure that your property and possessions are covered in the case of accidental damage or theft.
Contact us today to find out if we can beat the quote from your existing provider.
Business protection
The most valuable asset to any business is its people. The sudden loss of key personnel could jeopardise a company’s financial security and place the jobs and lives of others within the company at serious risk.
Business Protection can ensure the continuity of a business’s day-to-day activities or uphold its profitability should the unforeseen occur. Regardless of whether your business is a limited company, a partnership, a sole trader or a corporation, Key Person Cover can be individually tailored for each.
Other forms of Business Protection can help to provide a death-in-service benefit and carry certain tax advantages compared to personal protection policies.
Speak to an advisor today to see what type of Business Protection is right for your business.
