introducing steve mears – independent financial advisor the money man
“ As Mortgage Brokers, we can look at standard re-mortgages, further advances and second mortgages, as a way of obtaining the deposit, or even the full amount of your proposed bid. Looking further afield… For the future though, with High Street lenders liking unusual properties and “doer uppers” less and less, we have had to look further afield to alternative lenders and specialist brokers, who can work with us towards a successful completion. Tonight therefore, we have teamed up with Auction Finance Direct and we are lucky enough to have one of their representatives with us. The idea is to give all of our clients access to funds at the best possible rates, and with the least amount of stress. They lend their own money from £25,000 to £2 million and specialise in auctions, with common sense decisions that are made with a minimal delay. Obviously, we may be a little late for tonight, but not in every case, so come and find us later! Limited companies Recently, we have been speaking with clients regarding setting up a limited company to purchase properties with, as there may be advantages. The terms for a limited company are slightly higher than a buy to let in a personal name, however, with tax changes announced at the end of 2015 the market will become more competitive and more lenders will start to lend in this area which will add increased competition amongst lenders resulting in more competitive rates and fees…we hope. Similar Loan to values, 75% and sometimes more, are available however, arrangement fees and rates are higher than with loans in personal names. Worth investigating? We are currently teaming up with some local accountants to give clients access to advice in this area, especially those staring out on their portfolio. It is always a busy evening for us, but we are happy to chat and make an appointment to see what we can do for you. Happy bidding!
7
” to contact Steve, email info@stevemears.com , telephone 0117 973 4300 or to find out more about Steve Mears Independent, visit www.stevemears.com “ Please remember Your home may be repossessed if you do not keep up repayments on your mortgage.
…high street lenders are liking unusual properties and ‘doer uppers’ less and less…
”
Made with FlippingBook - Online magazine maker