Taking the stress out of freelance contracting

Moving home can be one of the most stressful times of our lives. At Genie Financial Services Ltd we are perfectly prepared to assist all of clients through every last piece of paperwork. Our job as your mortgage broker is to act as one point of contact for you. This means that we will liaise with the Lender, Estate Agent, Solicitor and Valuer on your behalf so that you can continue with your normal daily life. We can direct you to some of the best known property professionals in the UK. We have built a vast network of leading Solicitors, Accountants and Surveyors that can cater for your every need.

We work in close partnership with many Estate Agents and can further assist you with the arrangement of Home Information Packs (HIPS). HIPS are not regulated by the FSA. We have helped hundreds of people successfully negotiate purchases across the country and have a team of fully qualifed mortgage and insurance brokers on hand to help you to your new home.

In recent years remortgaging has become a much simpler and more common process. More and more lenders are offering specialist remortgaging services - often with free legal and arrangement fees. As well as reducing your monthly payments, you can also use remortgaging to release the equity that's built-up in your property over time.If you have owned your property for several years, it could be worth more than your outstanding debt therefore taking out a larger mortgage could release some extra cash for use on home improvements for example.

See what an expert has to say - complete our Enquiry Form or call us now on 01865 609011. To avoid paying higher rates, most borrowers switch their mortgage quite frequently - long gone are the days of staying with your lender forever! Re-mortgaging is a simple process that need not be complex, and the main reason to switch is to save money.

If you are not tied to your current lender there should be nothing to stop you shopping around for the best remortgage offer, to get the best value for your money. Greater competition has led to the development of mortgage products with greater flexibility to fit people's lifestyles. For example there are now products that allow payment holidays and overpayments without penalties. Some lenders offer specific remortgage packages where they pay for your legal and valuation fees, so all you need to do is compare monthly repayment costs (unless there are redemption penalties involved) and ideally, re-mortgaging should save you money immediately. The idea of switching mortgages can seem daunting for some. It shouldn't be and our advisors can assist you with the whole process from start to finish.

Here are just a few reasons for re-mortgaging:

1. Existing lender won't allow a further advance at a competitive rate or not at all.
2. To achieve a reduction in monthly servicing costs.
3. To obtain a more flexible product, such as an offset mortgage.
4. To raise capital for second property purchase.
5. To consolidate personal loans and credit cards which are being charged at much higher rates.

Buying a property is probably the biggest financial commitment that you'll ever make and we are specialists in providing Mortgage Advice to First Time Buyers.We're here to give you help and support every step of the way. Whether you prefer to get in touch over the telephone, by e-mailing or in a meeting one of our experienced mortgage brokers will always be on hand to assist you with your mortgage enquiry.Being a first time buyer can be especially daunting. There are many choices to make and you need to have you wits about you.

Often when looking for a property an estate agent will ask you if you have discussed mortgages with a mortgage broker or your bank. Some will require an Agreement in Principle, which essentially is an agreement that a particular bank will lend to you. This may come in the format of a certificate and will assist in your negotiations with an estate agent. So, rather than trawling the high street and agonising over your choice, you could save time and potentially a large amount of money, by contacting us and getting the very best mortgage deal for your situation.

Over the past few years, more and more people have taken to investing in buy to let property as a long-term opportunity to make profitable returns, as well as a way of securing finance for their retirement plans.

There are now plenty of competitive buy to let mortgages around that are specifically aimed at the Buy to Let market. However, becoming a private landlord should not be seen as an easy way of making easy money. It is risky, complicated and time consuming, more than most forms of investment, and there is no guarantee that house prices will rise.

When choosing a letting agent, try to choose one that is a member of the ARLA (Association of Registered Letting Agents). The reason being, all members of the ARLA must join in a bonding scheme to protect rent and tenant's deposits.
There are a number of tax issues that need to be looked at in order to maximise your tax position, such as being able to offset your maintenance costs, letting agent fees etc as well as any interest paid on a buy to let mortgage against your tax. 

Furthermore when you manage a property, it is quite time consuming and there are many costs involved in addition to the monthly mortgage repayments, such as:

1. Property upkeep - maintenance costs for the property.
2. Letting agent's fees - letting agents charge around 10% of the monthly rent for finding tenants.
3. Ground rent / service charges - applicable to leasehold properties.
4. Legal insurance - to cover costs from evicting tenants in the event of non-payment.
5. Insurance - buildings and contents for the items provided as part of the rental agreement.
6. Furnishings - the purchase of any furniture.
7. Gas / electrical appliances - cost of ensuring they comply with any regulations such as safety tests.
8. Decorating costs - the property may require work.
9. Time - you can easily find yourself spending a whole day looking after minor issues.
10. Remember if you have a mortgage - an empty property still has to be paid for! Some Buy to Let Mortgages are not regulated by the FSA.

A Let to Buy involves purchasing a new residential property whilst letting out your current home to tenants. This is usually achieved by re-mortgaging your main residence onto a Buy to Let Basis and releasing further equity to fund the deposit of the new residential purchase.

The remortgage part of a let to buy mortgage will usually be based on the potential rental income of the property, rather than your personal income, so keeping the property will not necessarily impair your ability to buy a new home although it may restrict the number of lenders that will lend on the new residential purchase.

Let an expert help you, call us now on 01865 609011 or complete our simple Enquiry Form and someone will contact you.

Advantages of a Let to Buy:

By letting out your current property you keep hold of one of your biggest financial assets. And if the cost of the mortgage on a repayment basis is always being covered by the rent, this could offer excellent returns over the long term.

By purchasing a new property without having to sell your current property, you can avoid the problems associated with bigger chains. This can make securing the new purchase that much easier.

Risks of a Let to Buy:

If you cannot find suitable tenants for your property you will be liable for both of the monthly payments. If property values decrease so that the value of your property is lower than the mortgage you owe, you could be left in a negative equity situation.
Although arranging Let to Buy finance is often possible, finding the most competitive solution can be a complicated task. Complete our enquiry form today and we will review your situation at no cost.

We can then answer all of your questions, we'll even call you back if you like. Using Genie Financial Services Ltd really is a simple and efficient way of speeding up the process of buying and ensuring that you get the best advice for your circumstances.

Your home may be repossessed if you do not keep up repayments on your mortgage. Think carefully before securing debts against your home.