Pure Mortgage & Financial Planning

read moreNot everyone wants or needs cover for just their outstanding mortgage and many have very different needs dependent on their situation. Where people have children that are financially dependent on them Family Income Protection can be one of the most cost effective plans to consider. It is designed to pay a regular monthly or annual sum in the event of death or suffering a critical illness to provide a replacement income for the suffering spouse or children. On many occasions it can be used to cover the cost of childcare should one or both parents die or one needs to continue work in the absence of the homemaker.

read moreWe have access to a comprehensive range of mortgages, which spans over 80 lenders and hundreds of schemes. These schemes are updated daily and can change from one minute to the next, therefore we know how confusing it can all be. We can identify which schemes suit you best and ensure that time isn't wasted in locating the right lender first time. Discount: a rate that follows either a lender's variable rate or the Bank of England rate with a discount for a set period. Flexible: a rate that offers you options within the mortgage term to change your payments, make overpayments or use your savings to reduce the overall mortgage.

read moreWhereas Life and Critical Illness cover is designed to pay out a lump sum in order to pay off your mortgage Permanent Health or income protection works slightly differently. Rather than the total mortgage being protected, only a set monthly amount is covered so that in the event of being off work due to an illness or disability your income will be replaced by the insurer until you are able to return to work. You can cover yourself for just your mortgage payment or an amount that allows you to continue your standard of living.

read moreMortgage Payment Protection Insurance or ASU (accident, sickness and unemployment) works in a similar fashion to Permanent Health insurance / income protection. The major difference is that the amount of cover is normally the amount of your mortgage payments rather than your monthly income. Also the plan normally only pays out for a maximum period of 1-2 years so that even if you have not returned to work your benefit payments will cease after a specified time. This shortened payment term does have an upside as the costs are normally a lot less and can provide more short term cover at a more competitive premium.

read moreIt's never easy to cope when someone close to you dies. Grief is a natural reaction and coping with the pain and loss can be even more difficult if there are added financial pressures. Nobody really wants to think about dying but it makes sense to plan for what could happen and help make it easier for those left behind. It won't stop the grief but it can help support your family after you die. How will your family cope if one or more of the main earners dies? If you want to make sure your family can maintain a reasonable standard of living without undue financial concerns, it makes sense to prepare for both unforeseen- and foreseen circumstances - and protect your family.

read moreAt Pure we offer a wide range of insurance providers who offer policies that provide many options to ensure your Buildings and Contents policy is designed specifically for you. When arranging a mortgage for your property the lender providing the mortgage will normally insist that whoever you choose to provide the insurance has adequate cover for the property and has their name listed as an interested party on the policy document. However you can be assured that in most cases you can choose which insurance company you want rather than with your lender.

read moreBuy-to-let mortgages are different from residential mortgages in a number of ways. Firstly, the amount that can be borrowed is based on the property's value and the rent that is expected to be received each month from your tenant. Some lenders will however take into account your income as well. Secondly, the interest rates and fees are normally higher than for mortgages used to buy a property to live in. Finally, not all types of tenants are acceptable to all lenders so finding the right tenant can be critical.

read moreIf you're considering building your own dream home and need advice on what type of mortgage would assist with this then call us to discuss your requirements. We have access to a number of specialist schemes designed specifically for self build projects. Pure Mortgage & Financial Planning LLP Registered Office Stag Gates House 63-64 The Avenue Southampton Hampshire SO17 1XS Company No. OC318451 (registered in England and Wales). FCA Reg. 454722. Pure Mortgage & Financial Planning LLP is an appointed representative of PRIMIS Mortgage Network.