Professional Mortgage Services

read moreProfessional Mortgage Services are pleased to be able to offer a number of complimentary services to our clients to fulfill our one stop shop for financial produsts philosophy. In order for us to ensure you receive the highest standards of services if you are interested in any of the services listed please let us know and we will be pleased to introduce you to our partner firms. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT Professional Mortgage Services is an appointed representative of HL Partnership Limited which is authorised and regulated by the Financial Conduct Authority.

read moreHow would you pay the bills if you were too ill to work? Income Protection is designed to pay a regular income if you are unable to work due to long term sickness or an accident. Income Protection is an insurance policy which provides you with a regular tax-free income if you can't work because of illness or disability. The benefit paid is up to a maximum percentage of your earnings - often 50% or 60%. Policies pay out after you have been off work for a period of time known as the 'deferred period', and will continue to pay out until you can get back to work or until the end of the policy term - usually retirement.

read moreThe most basic type of life insurance is called term asssurance. With term assurance you choose the amount you want to be insured for and the period for which you want cover. If you die within the term, the policy pays out to your beneficiaries. If you don't die during the term, the policy doesn't pay out and the premiums you've paid are not returned to you. There are two main types of term assurance to consider - level-term and decreasing-term insurance. Level-term policies can be a good option for family protection, where you want to leave a lump sum that your family can invest to live on after you've gone.

read moreSelf Build mortgages are generally for residential projects, self build, renovations, conversions and home improvements in England & Wales and allow you to build your own home. These types of mortgages by their very nature can be quite complex and can be used for land purchase and also for the construction element. Typically, you can borrow up to 85% of the value of the land purchase and then up to 85% of the build costs. Payments are released in stages as the project progresses. Depending on the type of mortgage chosen the stage payments can be released on completion of each stage of the work or under some circumstances in advance of each stage of the build.

read moreA will lets you leave clear instructions about how your estate is to be distributed. Without one it is subject to the intestacy rules and may not go to the people you would have chosen. 2. A will lets you choose your own executors. If you die without one, your closest relatives will need to apply for 'letters of administration'. 3. A will lets you appoint guardians to look after your children if they are under 18, until they come of age. You can also make financial arrangements for their benefit.

read moreYou may be coming towards the end of your fixed or discounted rate that you took out when you bought your property and its likely that the interest rate will revert to a variable rate option and quite possibly at a higher level. When you reach the end your mortgage you should examine your options and consider switching to an alternative mortgage with a new suitably preferential fixed rate, tracker mortgage, discount deal or capped rate mortgage. A remortgage can be an effective way of releasing equity (capital) from your property for virtually any legal use.