Plus Financial Group

Getting Mortgage Ready With Plus Financial ! #FinancesCheck #BudgetingWisdom #SavingForHome #PreApprovalProcess #DocumentPrep #CreditProtection #MortgageOptionsUK #MarketInsights #FutureMortgagePlan #UKHomeownershipTips - Plus Financial Group -   Empowering Your Future: Secure, Simplify, Succeed with Your Property and Protection Goals.   #EmpoweringYourFuture #SecureSimplifySucceed  #UKPropertyGoals  #MortgageMastery  #ProtectionPros #FinancialFreedom  #HomeownershipHub  #UKMortgageMagic  #IncomeProtection  #FamilyIncomeBenefit  #LifeInsurance  #CriticalIllness     YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH THE MORTGAGE REPAYMENTS

How Income Protection Can Safeguard Your Mortgage Journey When Buying A Home... #MortgageSecurity #HomeBuyingPeaceOfMind #IncomeProtection #FamilyIncomeBenefit #FinancialStability #SmartHomeInvestment #MortgagePlanning #ProtectYourIncome #HomebuyersJourney #SecureYourFuture - Plus Financial Group -   Empowering Your Future: Secure, Simplify, Succeed with Your Property and Protection Goals.   #EmpoweringYourFuture #SecureSimplifySucceed  #UKPropertyGoals  #MortgageMastery  #ProtectionPros #FinancialFreedom  #HomeownershipHub  #UKMortgageMagic  #IncomeProtection  #FamilyIncomeBenefit  #LifeInsurance  #CriticalIllness     YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH THE MORTGAGE REPAYMENTS

This Week We're Talking All About The Different Types Of Life Insurances! #FamilyIncomeBenefit #FinancialSafetyNet #CriticalIllnessSupport #IncomeProtection #TaxFreeIncome #BreadwinnerProtection #FlexibleInsurance #FamilySupport #OngoingExpenses #ChildcareCoverage - Plus Financial Group -   Empowering Your Future: Secure, Simplify, Succeed with Your Property and Protection Goals.   #EmpoweringYourFuture #SecureSimplifySucceed  #UKPropertyGoals  #MortgageMastery  #ProtectionPros #FinancialFreedom  #HomeownershipHub  #UKMortgageMagic  #IncomeProtection  #FamilyIncomeBenefit  #LifeInsurance  #CriticalIllness     YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH THE MORTGAGE REPAYMENTS

This Week We're Talking All About The Different Types Of Insurances ! #FinancialProtection #FamilySecurity #PeaceOfMind #LifeInsuranceMatters #LegacyPlanning #ProtectYourFamily #SecureYourFuture #EstatePlanning #IncomeReplacement #LifeCoverage - Plus Financial Group -   Empowering Your Future: Secure, Simplify, Succeed with Your Property and Protection Goals.   #EmpoweringYourFuture #SecureSimplifySucceed  #UKPropertyGoals  #MortgageMastery  #ProtectionPros #FinancialFreedom  #HomeownershipHub  #UKMortgageMagic  #IncomeProtection  #FamilyIncomeBenefit  #LifeInsurance  #CriticalIllness     YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH THE MORTGAGE REPAYMENTS

Big thank you to Vitality for our branded goodies! Riley the Dachshund loves them! Adam Saville Robert Harvey Vitality Adviser Andy Philo Ella Gardiner #vitality #dogdays #protection #onbrand #livewell

What are Mortgage Overpayments? Those of us on repayment mortgages pay off our mortgage by paying the lender back a certain amount each month, slowly chipping away at the balance and interest. If you are in a position to, you might want to reduce your balance by making a ‘Mortgage Overpayment’ in addition to your monthly payment. Regular or Lump sum? You can set up a direct debit alongside your mortgage payments and pay off a regular amount that you can start and stop as your budgeting allows. Or you may be able to pay off a lump sum – but you should carefully consider the following before making any overpayment decisions…. How much should I repay? Most lenders have a cap on how much you can overpay on your mortgage before incurring ‘Early Repayment Charges’. With most lenders you can pay off up to 10% of the balance before incurring these fees, but please check with your lender. What are the benefits? Overpaying your mortgage repayments means that you will more likely be able to reduce the term and pay off your mortgage quicker. You will pay less interest over time. You will own more of your home so this will potentially affect your loan to value and mean you can get access to better rates when you come to remortgage. Are there any disadvantages? If you overpay more than the lenders set amount you may incur ‘Early Repayment Charges’. If you have a great savings interest rate you might be able to earn more in interest than you could potentially save by paying off some of your mortgage – check your rates first before deciding to pay off a lump sum in particular. That money will be gone once it’s paid in – so its best to make sure you keep some emergency funds back just in case. Other things to consider… Before you start making overpayments make sure you have paid off any other debts – these will likely have a higher interest rate than your mortgage Paying into a Pension might be another thing to consider to protect your future financial health, before you make overpayments on your mortgage How do I do it? Speak direct to your lender about how you can best make overpayments and avoid any charges. #MortgageFreedom #FinancialFreedom #MortgageGoals #MortgageSavings #HomeOwnershipSuccess #FinancialEmpowerment #Mortgageoverpayment - Plus Financial Group -   Empowering Your Future: Secure, Simplify, Succeed with Your Property and Protection Goals.   #EmpoweringYourFuture #SecureSimplifySucceed #UKPropertyGoals #MortgageMastery #ProtectionPros #FinancialFreedom #HomeownershipHub #UKMortgageMagic #IncomeProtection #FamilyIncomeBenefit #LifeInsurance #CriticalIllness YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH THE MORTGAGE REPAYMENTS

"Unlocking the Door to Your First Home: Discover Our Innovative Mortgage Solutions for First Time Buyers!" For too long there's been limited options for First Time Buyers, especially those who don't have a big enough deposit to play with, so here’s to name but a few . When it comes to helping people onto the property ladder, we spend more time explaining the pros and cons , features and benefits and design a mortgage tailored to your needs.   From high LTV to longer mortgage terms to shared equity, we’re helping you think outside the box with: Track Record mortgage offers First Time Buyers with a track record of paying rent a mortgage for up to 100% LTV, to help you into your first home. Joint Borrower Sole Proprietor mortgages –up to 4 applicants and supporting borrowers don't have to be related to the main applicant to qualify. First Homes England and Shared Ownership schemes 40 year mortgage term available. Lending up to 95% LTV – including New Build houses (90% for New Build flats with some lenders) #mortgagebroker #sharedownership #trackrecordmortgage #loantovalue #firsttimehomebuyers #mortgagehacks #propertyfinanceuk - Plus Financial Group -   Empowering Your Future: Secure, Simplify, Succeed with Your Property and Protection Goals.   #EmpoweringYourFuture #SecureSimplifySucceed #UKPropertyGoals #MortgageMastery #ProtectionPros #FinancialFreedom #HomeownershipHub #UKMortgageMagic #IncomeProtection #FamilyIncomeBenefit #LifeInsurance #CriticalIllness YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH THE MORTGAGE REPAYMENTS

🏠 How long is a typical mortgage term in the UK? This is among the most frequent questions we, as mortgage brokers, receive. 📆 Historically, the norm was 25 years. However, times have changed. The current UK average is now 30 years, with 35-year mortgages steadily gaining traction. 👩💼👨💻 For younger borrowers, extending the term can be a strategy to reduce monthly payments. Conversely, those nearing retirement often lean towards shorter terms. 🔑 Remember, your ideal mortgage term will hinge on your unique circumstances. Always consult with a broker to find a term tailored just for you. Got more mortgage queries? Drop them below or send us a DM. 📩 - Plus Financial Group -   Empowering Your Future: Secure, Simplify, Succeed with Your Property and Protection Goals.   #EmpoweringYourFuture #SecureSimplifySucceed #UKPropertyGoals #MortgageMastery #ProtectionPros #FinancialFreedom #HomeownershipHub #UKMortgageMagic #IncomeProtection #FamilyIncomeBenefit #LifeInsurance #CriticalIllness YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH THE MORTGAGE REPAYMENTS

Decoding Mortgage Borrowing: How Much Can You Really Get? In today's housing market, one question persistently emerges for aspiring homeowners: “How much can I borrow for a mortgage?” As the landscape of lending evolves, so do the guidelines that dictate borrowing potential. Let’s shed some light on the factors at play. 1. Income – Your Stepping Stone The most direct influence on borrowing potential is, unsurprisingly, your income. Generally, lenders may be willing to offer between 4 to 4.5 times your annual income. While this provides a ballpark, every lender varies, and other factors interplay with this multiplier. 2. Monthly Outgoings – Every Penny Counts Before sealing the deal, lenders assess your monthly expenses against your income. This isn’t just about ensuring you can handle the mortgage repayments; it’s about ensuring you can manage it alongside life’s other financial commitments. 3. Interest Rates and Term – The Changing Tide A pivotal factor in the mortgage equation is the interest rate, set against the term of the loan. Rates may fluctuate, and it's imperative to be prepared for these changes that could impact your monthly repayments. 4. Deposit – The Bigger, The Better The adage rings true; size does matter, at least when it comes to deposits. A more substantial deposit can often tilt the scales in favor of a higher borrowing amount. 5. Credit History – The Report Card of Life A pristine credit score can open doors to favorable borrowing terms and larger loans. It’s a testament to one’s financial responsibility and is heavily weighted in the lending decision. 6. Stress Testing – Preparing for Rainy Days Lenders have become adept at future-gazing. They "stress test" to determine if you can handle repayments under changed circumstances, such as a potential rise in interest rates. Conclusion: Embarking on the home-buying journey can seem daunting. The intricacies of borrowing capacity, set amidst a changing financial landscape, can be overwhelming. But remember, you're not alone. Mortgage professionals exist to guide you through these waters, offering a wealth of knowledge and support. If you're on the precipice of this exciting journey, reach out. It's always better to navigate with a map in hand. #MortgageInsights #HomeBuyingJourney #FinancialGuidance #MortgageBorrowing #UKHousingMarket #CreditScoreMatters #LendingLandscape #StressTestingExplained #NavigatingHomeownership #MortgageTips - Plus Financial Group -   Empowering Your Future: Secure, Simplify, Succeed with Your Property and Protection Goals.   #EmpoweringYourFuture #SecureSimplifySucceed #UKPropertyGoals #MortgageMastery #ProtectionPros #FinancialFreedom #HomeownershipHub #UKMortgageMagic #IncomeProtection #FamilyIncomeBenefit #LifeInsurance #CriticalIllness YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH THE MORTGAGE REPAYMENTS

"Why Should I Have Life Insurance?" Life insurance isn't just a policy; it's a promise. Here's why it's essential: Peace of Mind: Life is unpredictable. Having life insurance ensures your loved ones aren't left with the financial burden should the unexpected happen. Mortgage Protection: If you have a mortgage, life insurance can cover the remaining balance, ensuring your family remains in their home even if you're not around. Protect Your Family's Future: Beyond just covering debts, a life insurance payout can help with everyday living costs, your children’s education, or even act as an inheritance. It's More Affordable Than You Think: Many overestimate the cost of life insurance. In many cases, it's a small monthly amount for a substantial benefit. Health Challenges: Should you develop a health condition in the future, getting a life insurance policy might become more difficult and expensive. Locking in a policy now can save hassle and money later. Your home is probably the most significant investment you'll make. Protecting your loved ones from unforeseen circumstances ensures they can keep it, no matter what. If you're considering a mortgage or already have one, let's chat about the best ways to safeguard your investment and your family's future. 🏡💼 #LifeInsurance #ProtectYourFamily #InsuranceMatters #PeaceOfMind #FinancialPlanning #MortgageProtection #SecureYourFuture - Plus Financial Group -   Empowering Your Future: Secure, Simplify, Succeed with Your Property and Protection Goals.   #EmpoweringYourFuture #SecureSimplifySucceed #UKPropertyGoals #MortgageMastery #ProtectionPros #FinancialFreedom #HomeownershipHub #UKMortgageMagic #IncomeProtection #FamilyIncomeBenefit #LifeInsurance #CriticalIllness YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH THE MORTGAGE REPAYMENTS