financial services

"...I simply don't have a big enough deposit"
You may not realise that there are plenty of mortgages currently available requiring smaller deposits. If you have a small deposit, there are lots of things that can be done to try and improve your position.

"...I cannot afford the mortgage repayments"
With mortgage interest rates at an all time low, you may be very pleasantly surprised by the cost of monthly repayments. If you are struggling to afford the repayments, there is a range of things that can be looked at to help.

"...I cannot get a big enough mortgage on my income"
With interest rates low and plenty of mortgage products available, hopefully with good advice you will find a suitable mortgage product. If however, it is still a stretch, there are things you can do.

"...After finding my deposit, I just cannot afford all the fees for buying and costs of furnishing a home"
We are well aware that it is extremely hard to scrape together enough money for just the deposit. On selected plots we are able to provide assistance towards various expenses.

"...I'd love to buy but I just cannot sell my own property"
We have vast experience in providing advice to people trying to sell their home.There is also a range of different schemes available that might just help.

"...I'd love to buy but I fear for my job in this recession"
Protection is available to cover the cost of mortgage repayments in the event of redundancy. Peace of mindthat mortgage repayments would still be made if the worst happened, may help take away some of the fear.

"...I'm worried in case interest rates rise"
There are a good number of lenders offering fixed rate mortgage products which will provide security for some time against interest rate increases. With the position changing daily, you need to take good advice.

"...I'm nervous of the housing market and would rather keep renting"
With mortgage rates as low as they are,many people are finding it is cheaper to buy than rent!The home is yours to do what you like with. Monthly repayments go towards buying something that will become yours. Renting is buying a house for your landlord! It is well worth finding out more.

"...I'd like to invest in property but I don't think any loans are currently available"
More specialist lenders have recently re-entered the mortgage market.With rates at an all time low and demand for rental property very high, many people are finding it is easier and cheaper to buy than rent! Now might be the time to invest.

Warners Financial Services are INDEPENDENT Mortgage and Financial Advisers which means that they can select products from the entire mortgage market.

They have been providing mortgage advice since 1987 and have helped thousands of homebuyers to buy their homes.There are a number of Advisers located throughout Norfolk and Suffolk who all have a wealth of experience on all types of mortgages (including Shared Ownership).

They can see you in your own home and their initial consultation is free

If you have seen a Lender or Mortgage Broker, already, and they are unable to help or their help is not sufficient; you would be well advised to consult Warners Financial Services who can select from the wholemarket.

The Let to Buy Facility

A number of our potential customers would love to purchase a new property but cannot as they are unable to sell their own house.

However, the facility of 'Let to Buy' could enable you to purchase a new property WITHOUT selling your current home. Instead of selling your house you could let it.The letting market is very buoyant currently, with a high demand for rented properties.

How it works

A number of lenders will ignore your current mortgage as long as the rent received is likely to cover the mortgage repayment.Therefore, you maybe able to obtain a new mortgage on the property you wish to buy despite your current mortgage which will be paid for by the rent.

Note: you can always refer to a local rental agency for an assessment of rental income on the current property.The cost of the existing mortgage may fall significantly as it is normally converted to interest only (eg a mortgage of £100,000 FOR EXAMPLE; at 4 percent over 20 years on repayment terms would be £614 whereas on interest only it would be £334).

Norfolk Homes recommend Warners Financial Services and are pleased to be in association with them

• Warners are independent Mortgage and Financial Advisers who can select mortgage products from the entire market; NOT just a limited panel (like many other mortgage brokers).
• Warners offer a wealth and depth of experience derived from 24 years of helping thousands of homebuyers to realise their dreams.
• Warners have a wealth of experienced Advisers located throughout East Anglia.
• Warners are specialists in all types of mortgage areas including shared ownership, buy to let etc;
• Warners offer a personal fee free service.

Common questions

How can I purchase the new property without the necessary deposit which I was expecting to take from the sale proceeds of my current property?

Answer

You could remortgage your current property in order to raise adequate funds for the deposit. (Provided you have sufficient equity and fit your lenders criteria). Check with Warners Financial Services first.

Tax question

Will I not be liable to Capital GainsTax when I sell the property I wish to let?

Answer

Not if you sell your original property within 3 years, thereafter a liability will exist and we suggest you obtain professional tax advice.

The benefits

Great for you as you benefit from being a cash purchaser of the new home which you can move into quickly. You can always sell your current home later when the market is more buoyant.