Relocation, relocation...

What mortgage options do you have if you are moving to a different place in the UK? To get a mortgage you must evidence that you will have income in new place so you can service your mortgage payments.

Your employer may give you a letter of relocation to another branch. This will give lender the confidence that your income will continue. If your job involves working from home, lender will accept this as, naturally, your income won’t be affected by the move.

You could also find a completely new job and as long as new employment contract shows start date within the next

3 months, state the job role, confirm job is permanent (or in some cases fixed term too) and show salary details, some lenders will be ok with that.

Why is this important?

You wouldn’t lend someone thousands of £s without knowing that they will have income to be able to fully repay you, would you? That is why some evidence that you will have a job that is acceptable by mortgage lender is required when you are relocating.

Sometimes, depending on a job role, some lenders can accept that you will be travelling to and from other work locations, but this is assessed on a case by case basis.

Should you have any questions, do get in touch and we will be happy to help.

A ghost insurance broker.

If you have been offered an insurance policy for unusually low premium monthly, you may have fallen a victim of a GHOST INSURANCE BROKER.

Did you know that there are firms calling round and manipulating clients’ personal and medical information to lower the potential cost of insurance policy? They set it up for a customer and then they disappear... Client normally finds out that his insurance won’t pay out at the worst time – when they need to claim….

Their broker turns to be nowhere around then and there is no payout possible. A typical ghost broker method is to declare incorrect medical information at the time of application (smoker status, medical history or weight) so insurance provider offers the policy cheaper but then, when client needs to claim, their full medical records are checked and claim gets rejected.

Make sure you speak to a qualified adviser, don’t be shy to ask for their FCA registration reference to check their records. It’s also important to read the application summary when it is posted to you at the application stage as you will be able to detect any inconsistencies then. Be vigilant! if something seems too good to be true, it's likely it's manipulated.

If you did buy a ‘cheap’ looking policy, get in touch with us for a full audit of the case. We review your policy free of charge and for your peace of mind. #ScamAlert #insurance #fraudprotection

Spring clean your finances

• Is your mortgage deal ending in the next few months?
  

• Are you planning to buy your first home or move to another property in the next 12 months?
  

• When is the last time you have reviewed your insurance policies? Are you certain they meet your needs?
  

• Are your insurance policies in trust?
  

• Has anything changed since you last got your insurance? Got a new child, partner, or one of your children turned 18? Maybe you got married or got divorced?
  

• When is the last time you have reviewed your will? Or maybe you still don’t have one?!

Just like doing a spring-clean to our homes, it’s good to sort out our financial matters from time to time.

Make it a goal to have everything you need in place for the peace of mind of yourself and your family.