FINANCE


Best Buys Initial Rate 1.14%


1.19% 1.29% 1.69%


Description 2 Year Fix


2 Year Fix Offset


2 Year Fix Large Loan 5 Year Fix


Who Has Time


For Meetings? The media has recently highlighted the delays and time consuming meetings clients are experiencing in order to prove affordability to obtain a high street mortgage. Two hour meetings where bank statements and spending habits are scrutinised are often the norm. We are able to arrange mortgages without the need for meetings thus saving time and money.


Moving House/


Remortgage If you are considering moving house or coming to the end of a mortgage product we will match your current circumstances and future aspirations with the most relevant of today’s mortgage products. An initial report will be produced free and without obligation, highlighting all the relevant costs and benefits.


Private Bank Mortgage


If you have your mortgage arrangements with one of the many private banks, the chances are you chose this option as your circumstances may have been a little outside the ordinary. Although extremely flexible, private banks tend to charge a premium over their high street rivals. Your circumstances


The Listed Property Owners’ Club has enjoyed a long standing relationship with Professional Mortgage Services who were founded in 1999 and have become one of the UK’s leading independent mortgage brokers. They specialise in arranging mortgages for


24 Listed Heritage Magazine September/October 2018


our members and have often been able to save many owners hundreds of pounds per month in mortgage payments. Their advice is always provided in the form of a report, which is initially ‘free and without obligation’.


Subsequent Rate


3.69% 3.74% 3.74% 3.69%


Overall Cost


for Comparison (APR) 3.40% 3.30% 3.40% 3.00%


Early Repayment Charge


2% in Year 1; 1% in Year 2 2% in Year 1; 0.75% in Year 2 3% for 2 Years


5% in Year 1 reducing by 1% annually


Maximum Loan


£5.0m £1.0m


£10.0m £5.0m


Fee £999


£1,499 0.25%


£999


may now have changed and it could be possible to achieve a considerable saving by remortgaging.


Large Loan Specialists


Many lenders have tightened their criteria and clients are now finding their existing lenders either unable to assist them or uncompetitive, especially for loans over £1,000,000. We have a number of mainstream and specialist lenders who are comfortable with large loans.


Top-Slicing For Buy To Let


Most banks have dramatically reduced the maximum borrowing on ‘Buy to Lets’ which usually affects high value properties where yields tend to be a little lower. We have lenders who will allow ‘top-slicing’, where personal income is used to top-up any shortfall in rent to achieve the level of loan required.


Interest Only


Traditionally, many clients have favoured an interest only arrangement where the regular monthly payments can be kept to a minimum and the capital can be repaid from lump sums or when the property is sold. Following the credit crunch many of these options were withdrawn, we are pleased to say we now have some excellent interest-only products available.


If you would like to find out more and speak with our personal financial advisor, please call the Club on 01795 844939.


Depending on your circumstances PMS may charge a fee, for example for a mortgage of £250,000 their fee would be £500. Your home may be repossessed if you do not keep up with payments on your mortgage.


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