10 Sundorne Avenue
Monday to Sunday: 9am - 5:30pm
Need a mortgage to buy your home or simply remortgage
Whether you are a first time buyer or a homeowner, it makes sense to shop around for the right mortgage. That doesn't mean you have to trudge around all the high street banks and building societies.
We will look further to find you the right mortgage to suit your individual needs saving you a lot of time and effort.
Not only will we find you the best deal, we will provide you a qualified adviser to guide you through the many pitfalls involved in house purchase.
We can arrange a remortgage for any lawful purpose including home improvements, debt consolidation and business purposes.
Buy To Let
Buy-to-let mortgages are for investment properties.
As with regular domestic home loans there are many products on the market ranging from special offer deals to fixed and variable rate loans. With a buy-to-let mortgage some lenders will only consider your rental income when offering a mortgage, while others will place more emphasis on your normal earnings, especially if you only have one or two rental properties.
We are here to help
More than any other type of mortgage you have to get the right buy to let mortgage if you are going to profit from your property.
Your expected rental income must exceed your mortgage repayments by a certain percentage. For example your mortgage lender may require a rental income of between 100% and 130% with the most common percentage being 125% at this time. Your lender will also want to establish whether the property you are buying is a good long term investment. Buy-to-let mortgages are subject to the usual status checks. Generally buy-to-let mortgages are available for between five and 45 years and for up to 80% of the property value or purchase price whichever the lower is.
When considering a buy-to-let it is also necessary to bear in mind any additional costs such as letting agent's commission, insurance premiums for building and contents cover and rental and legal expenses cover, the costs of keeping the property in a suitable condition for letting, service charges and ground rents if the property is leasehold.
Not all forms of mortgage are regulated by the Financial Services Authority.
We can even provide you a solicitor at very competitive rates.
Call us now on 01743 233422.
Life cover and insurance
There are still too many people that use one insurance company and do not shop around. These people lose hundreds of pounds each year on expensive insurance policies. Make sure you are not one of them. Call us now for an obligation free quote.
See below an example of some of the types of insurance we can provide you.
Level term life insurance (or assurance)
Provides a fixed lump sum payment should you die within a specified period.
Level term life insurance (or assurance) with critical illness
Provides a specified lump sum payment should you die or suffer a critical illness within a specified period.
Mortgage protection cover
Providing a decreasing lump sum payment to cover your outstanding mortgage, should you die within the specified period.
Mortgage protection cover with critical illness
Providing a decreasing lump sum payment to cover your outstanding mortgage, should you die or suffer a critical illness within the specified period.
Accident, sickness and unemployment insurance
Since 1995 if you became ill or redundant the social security does not offer any help to you for the first 39 weeks.
This plan (MPPI) provides sufficient income on a monthly basis to cover your mortgage payments.
In many cases a claim cannot be made on redundancy cover until the policy has been in force for at least 90 days, likewise 30 days for sickness.
For the self-employed there are policies around where you can't make a claim for illness until you've been ill for 30 or 60 days (depending on the policy that you have), but if you are ill for longer than the deferral period, then benefits are back dated to day one.
As with all other types of insurance there is the (it won't happen to me) chance, however, it will happen to someone probably right now, the old saying of "prevention is better than having to cure" is of paramount importance as we are all wiser in retrospect.
Commercial Property & Liability Insurance
Walker Finance specialises in business insurance products for a wide range of sectors including insurance for shops, pubs, restaurants, landlords block policies, offices, contractors, hotels, guest houses, manufacturers, wholesalers, property owners, clinics, dental surgeries and commercial vehicles. Also cover for tradesmen including painters, plumbers, tilers, electricians and plasterers. Policies can insure you against a range of risks including employers' and public liability, contents cover and optional extras such as buildings, business interruption cover, computer breakdown and theft by employees.
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