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Choosing a mortgage can be very
daunting if you don't know what to look for.. |
At Cambrian Associates we have access to literally
dozens of lenders and their products and once we have carried out an initial
consultation with you we will be able to identify the best
mortgage for you. |
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Having made our recommendation about the most suitable
mortgage for you, we will then liaise with the lender on
your behalf. We will also advise you about your insurance
needs and use our research facilities to identify the most
suitable and competitive cover. |
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We follow
your mortgage through from start to finish, This will
involve dealing with the lender, liaising with the
solicitor and providing any follow up services that are
necessary. |
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We don't only deal with purchases we have successfully
reduced many of our clients monthly outgoings by
remortgaging them to a different lender. |
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Changing your Lender. |
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Many people would not think of changing their lender. In
our experience, it is wise to review the suitability of
your lender regularly. In so doing, to help you identify
more competitive products. This can save thousands of
pounds in interest of help to reduce the term of your
mortgage by many years. Our clients often take advantage
of this service to raise additional capital. This can be
used to repay other loans, often resulting in a huge
reduction in monthly commitments. You may also decide to
fund other purchases in this way. |
Authorised and regulated by the Financial Services Authority.
Your home may be repossessed if you do not keep up repayments on a mortgage or
other loan secured on it. |
CASE STUDY (i). Sue hoped to retire at sixty but she had been sold an Endowment Mortgage to age sixty-seven! The
projections from her Endowment Provider suggested that
there was a serious danger that the Policy would not
achieve its target. She had sought advice previously
and she had been sold yet another Policy to deal with
the potential shortfall! We helped her to put
together her complaints and she received thousands of
pounds in compensation. This enabled her to reduce her
borrowing and we moved her to a new Lender where her
mortgage operates on the repayment basis and will be
repaid by her age sixty. She can also afford to
provide for the repayment of the mortgage if she or
her husband die or suffer a critical illness. Her
monthly commitments have reduced so she can now afford
to save. |
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Testimonial No: i I thank my lucky stars that I was introduced to Cambrian
by my daughter and son in law. My financial prospects have
been transformed. My mortgage will be repaid so I should
be able to afford to retire at sixty where previously I
was going to have to work until age sixty-seven or beyond.
I am so pleased that I was introduced to them and acted
upon their advice. I have recommended them to members of
my family and to work colleagues.
Sue G from Widnes. |
CASE
STUDY (ii).
Ruth was really
pessimistic about the prospects of being able to buy a
house. She had no deposit and some loans so the additional
cost of a mortgage would have been unaffordable. We
advised her to identify a property and we obtained a loan
of more than 100% of the purchase price. This meant that
she could buy the house without a deposit and repay all
her loans so that the new mortgage was affordable.
Initially, she was in negative equity but the mortgage
operates on the repayment basis so her debt is reducing.
House prices have risen sharply so she has created a
worthwhile amount of equity in the property. We are now
advising her to change her Lender to benefit from a lower
interest rate. This will give her the choice between
reducing her monthly costs and reducing the term of the
mortgage. |
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Testimonial No: ii
I was really
despondent about my prospects. I couldn’t see how I could
afford to buy a house and I was worried that property
prices would escalate. I would not be able to afford a
mortgage in future. I was introduced to Cambrian by a
colleague. With their advice I was able to obtain a
mortgage and repay all my loans. They warned me of the
dangers of negative equity but my debt is reducing and the
value of my property has increased. They also found the
most competitive life cover and critical illness cover so
my mortgage will be repaid if I died or suffered an
insured condition. Now that I have plenty of equity in my
property I can move to an even more competitive Lender and
I think that I will probably operate the next mortgage
over a shorter term. If I hadn’t been introduced to
Cambrian, I would probably still be living in a bed-sit
and paying my debts off.
Ruth from Chester. |
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