Our Mortgage & Financial Consultancy Services
Mortgage Advice
When moving home - whether you are a seasoned 'Mover' or a First Time Buyer, finding the right mortgage and arranging it quickly is essential. Our expert advisers can help you find an option that’s right for you and also help you with the following:
Discover how much you could afford to borrow and the fees you will pay
Obtain an Agreement in Principle to enable you to show interested parties that you can progress
Source the Best Options from a comprehensive range of lenders across the market
Confirm how much your monthly mortgage payments are likely to be
Provide our Advice, and Submit your Mortgage Application
Manage your Mortgage Application through to Completion
Your existing mortgage deal may be coming to an end and you're about to move onto the lenders standard variable rate which could result in a substantial increase in your monthly mortgage payments.
Remortgaging before your term ends could potentially save you money by switching to another deal or another lender.
At Lentune, we contact our Clients up to 6 months prior to the end of their present mortgage deal. This enables us, and our client, sufficient time to investigate and secure a new mortgage deal in advance.
Securing a new rate early could enable you to protect your payments should the available interest rates increase over time as your new deal approaches.
During a full remortgage review, we compare the options available from your current lender with those which could be achieved from moving the mortgage to a new lender.
Switching to another lender may incur additional cost.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Mortgages into Retirement
As borrowers get older, there can be many reasons why homeowners might want to release a lump sum from their property - they may have an existing Residential Mortgage coming to the end of its overall term, or the borrowers may wish to release equity for many purposes.
An equity release mortgage allows those who are aged over 55 to obtain a lump sum of funds without having to sell and move from their home - until either they choose to sell the property, move into long term care, or pass away.
There are no general rules about how the money should be spent, meaning that the lump sum generated can be used for anything from helping a family member, home improvements, general expenditure, going on a dream holiday, or even debt consolidation.
During our advised process we will explain how Equity Release works and how you can progress - taking into account your personal circumstances, we will investigate all available options available to you.
Equity release refers to home reversion plans and lifetime mortgages. To understand the features and risks ask for a personalised illustration.
Personal Financial Protection
We are within uncertain times for everyone, with Mortgage Interest Rates increasing and the Cost of Living rising we offer you a FREE review of existing Personal Insurance Policies.
Why is a Protection Review so important?
Our lives change over time - you may move home, your employment and income, your monthly expenditure and credit commitments, your family size, can all change and too often this can be overlooked as life moves on.
You may receive some 'employee benefits' as part of your employment, such as 'Death in Service' benefit for your survivors if you were to pass away, or a period of paid Sick Pay if you were unable to work for a period of time.
As Statutory Sick Pay is currently only £116.75 per week for up to 28 weeks – this won’t go far for an average household.
However, many people we speak to don't even know if they have these - so our free Protection Review holds great value.
If you are unable to make your mortgage payments due to unexpected events (such as loss of income, ill health, or damage/loss to your house or its contents) you are at risk of losing your home. There are insurance products available to protect you against these events - please ask us for more information.
Bridging Finance
Whatever kind of development you're planning, whether residential or commercial, part-built, renovation, conversion or new build, it pays to speak to experts. We can help you finance all types of development from a small single flat renovation through to a large commercial project. If the property is to be let, sold or a holiday let, we can help. And, once your development is complete, our team can help you re-finance it.
All projects considered:
Applications welcomed from experienced developers and inexperienced land-owners
Range of solutions, exclusive products and competitive fees
Excellent, long-standing relationships with funding providers
Intimate knowledge of lending policy and opportunities
Personal service from hands-on experts
Help to shape and present your plans to the lender, making sure they're right first time
Flexibility because we understand that every developer and development is different
Speed and reliability
For more information on how we can help, why not speak to us.
The FCA does not regulate Property Development Finance and we act as Introducers for it.
Secured Loans
Secured Loans are often used to borrow larger sums of money, typically more than £10,000 although you can borrow less, usually from £3,000.
The term ‘secured’ refers to the fact that a lender will require something as security in case you cannot pay the loan back. This will usually be your home.
Secured loans carry less risk for lenders, which is why they are normally lower in cost than unsecured loans.
They are however much more risky for you as a borrower because the lender can repossess your home if you do not keep up repayments.
For Secured Loans, we act as Introducers.
Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.
Buy to Let
Whether you’re becoming a landlord for the first time, have become an Accidental Landlord or you’re looking to expand an existing portfolio, you will need to take out a buy to let mortgage rather than a standard residential mortgage.
A buy to let mortgage is specifically for people who are buying or remortgaging a property to rent out to a tenant or tenants - this could be on a longer term basis (for six months or more) or for alternative styles of letting, such as a Holiday Let.
How do buy to let mortgages differ from residential mortgages?
Interest rates can be higher on Buy to Let Mortgages compared to Residential Mortgages.
Whereas for Residential Mortgages your deposit could be as little as 5% of the property value you will have to provide at least 15%-25% deposit to be considered for a Buy to Let Mortgage.
The majority of UK Residential Mortgages are arranged on a Capital Repayment basis, whilst many Buy to Let Mortgages are arranged on an Interest Only basis - lenders will normally offer both methods of repayment
Before considering whether to become a Buy to Let investor, you should take specialist advice from an Accountant or Tax Adviser, and a Conveyancing Solicitor.
Unlike a standard mortgage, where the amount you can borrow is linked to your income and monthly expenditure, with a Buy to Let mortgage, in addition to checks on your own circumstances the lender will also look at how much rental income you can generate from the property on which the mortgage is secured.
Further to this, lenders complete additional calculations to 'stress-test' the rental income received, should interest rates increase over time - this can affect the amount of borrowing the rental income can cover.
We can help you secure a Buy to Let solution that’s tailored to your requirements.
The FCA does not regulate some forms of Buy to Let and Bridging Finance.
Your property may be repossessed if you do not keep up repayments on your mortgage