We offer advice on a comprehensive range of mortgages from over 50 different providers and at certain times have exclusive schemes due to our affiliation with Openwork.
Mortgage Advice – Residential and Commercial Mortgages
We offer advice on a comprehensive range of mortgages and have exclusive products from the likes of NatWest, Halifax and Santander as well as countless other mainstream and niche lenders. Whether it’s residential, BUY TO LET or commercial that you require, we offer a combination of choice and stability.
Morgan’s Financial & Mortgage Services are an appointed representative of Openwork, who as a network placed £13.5 Billion of borrowing in 2017
Residential Mortgages – Help to buy, right to buy, first time buyer, home improvements
Buy to Let & Let to Buy – Houses in Multiple Occupation, Interest Only
Commercial Lending and some Buy To Let Mortgages are not regulated by the Financial Conduct Authority.
We can introduce you to third party in respect Commercial Mortgages
Here are just some of a number of other options available:
With a lifetime mortgage, you borrow a proportion of your home’s value. Interest is charged on the amount, but nothing usually must be paid back until you die or sell your home. The interest is compounded or ‘rolled up’ over the period of the loan, meaning your debt could double in 11 years at current rates.
Home Reversion Schemes
With a home reversion scheme, you usually sell a share of your property to the provider for less than the market value. You have the right to stay in your home for the rest of your life if you wish. When you die or move into long-term care and the property is sold, the provider gets the same share of whatever your home sells for as repayment. For example, if you sold 50% of your property to the provider, it would get 50% of the sale price.
You can take out some lifetime mortgages from the age of 55, but home reversions are available only to people aged 65 or older. Some enhanced products offer more favourable terms if you’re a smoker or have health problems that could decrease your life expectancy.
These would be a referral to Key Retirement Solutions.
To understand the features and risks, ask for a personalised illustration.