Arranging & Borrowing

Arranging & Borrowing

Buying a home is the largest purchase you’re likely to make. Before you arrange your mortgage, make sure you know what you can afford to borrow. Find out where to get a mortgage, the different types and how the process works. A mortgage is a loan taken out to buy property or land. Most run for 25 years but the term can be shorter or longer. The loan is ‘secured’ against the value of your home until it’s paid off. You can apply for a mortgage directly from a bank or building society, choosing from their product range. You can also use a mortgage broker or independent financial adviser (IFA) who can compare different mortgages on the market, as well as mortgages which are not offered directly to customers. Some brokers look at mortgages from the ‘whole market’ while others look at products from several lenders. They’ll tell you all about this, and whether they have any charges, when you first contact them.

Taking advice will almost certainly be best unless you are very experienced in financial matters in general, and mortgages in particular. It is sometimes possible to choose a mortgage without receiving advice – this is called an execution-only mortgage. These are offered under limited circumstances.

You’d be expected to know:

  • What type of mortgage you want
  • Exactly what property you want to buy
  • How much you want to borrow and for how long
  • The type of interest and rate that you want to borrow at

The lender will write to confirm that you haven’t received any advice and that the mortgage hasn’t been assessed to see if it’s suitable for you.

We can offer you effective solutions based on our wealth of knowledge and experience.

NB If you can’t keep up your repayments the lender can repossess (take back) your home and sell it so they get their money back.

SIMPLY PLANNING FOR YOUR FUTURE

At Sky Wealth Management, we firmly believe that having a financial plan empowers you to feel confident and secure about your financial future.
CONTACT US

What our clients say

Rob has acted as our financial advisor for several years now, and we are both very glad that this is the case. He has reviewed, advised and organised our investments, our wills, our insurance, and regular savings for our grandson.

We are extremely pleased with the results Rob has achieved in each of these areas and know that his knowledge and attention to detail has ended with us getting a great outcome!

I no longer spend my time and energy fretting about financial matters as I know Rob has it in hand. The bonus is that Rob has achieved this without any “hard sell”, “blinding with science” or “flavour of the month” tactics. He’s as straight as a die, solid as a rock, and has the skill of knowing the level, to pitch to his customers.

Mr & Mrs B, Reading

Rob has helped us manage our finances for more than 15 years now.

We have always found him to be friendly, personable and he always makes us feel relaxed.

In our meetings he has shown that he is at the forefront of changes in financial markets, tax initiatives, and potential savings which are not only beneficial but in keeping with our portfolio.

He has listened carefully to us and understands our preferences. He explains clearly the options open to us and we have utmost confidence in his advice.

Mr & Mrs E, Andover
Image

 

Sky Wealth Management is authorised and regulated by the Financial Conduct Authority FRN 978184.

Registered office: Glan Yr Afon Isaf, Brynberian, Nr Crymych, Pembrokeshire, Wales, SA41 3TG.

Registered in England & Wales as a Private Limited Company 11649598

MENU