MORTGAGE & PROTECTION
Whether you’re buying your first home, remortgaging or purchasing an investment property, we will be on hand to help.
As part of The Openwork Partnership, one of the UK’s largest, award winning mortgage introducers, we have access to thousands of mortgage deals. Many of them you won’t be able to find on the High Street.
The Openwork Partnership continually review the market to ensure that you have access to a market leading range of products.
Professional advice is more important than ever as lenders are now more careful that they lend appropriately to the right applicants. The aim is that this will reduce the number of people falling behind with their payments.
Our Fee for this service is between £399 and 1% of the loan, amount payable on application.
YOUR HOME/PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Some Buy to Let mortgages are not regulated by the Financial Conduct Authority.
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Home insurance provides you with financial protection in the event of a disaster or accident involving your home.
There are three main types of home insurance: Buildings Insurance; contents insurance and buildings and contents insurance combined.
Building Insurance
This covers the building itself against things like fire and flood damage. It will also cover permanent or fitted fixtures and fittings in your home and garden, and any outbuildings that form part of your home.
Most policies have standard level of cover ( eg 300,000). This sum should be sufficient to cover the full cost of rebuilding your property. It is important to realise that the rebuilding cost is not always the same as the market value of your property.
Contents insurance
This protects your household goods and personal possessions such as electrical goods and jewellery, clothes and furniture.
The standard level of cover for contents is usually between £30,000 to £50,000. This might be sufficient for some households but it is important not to underestimate the value of your possessions.
Other things to consider when choosing your policy
Accidental damage
This is something that is not always covered as standard. Accidental damage will cover you if you spill paint on your carpet, break an ornament, or put your foot through the ceiling whilst clambering around in the loft! At some point or another, most households suffer this kind of mishap! This might be a feature you decide you can’t do without.
Personal possessions away from the home
If you take valuable items away from your home regularly, you might want to consider covering these possessions on your home insurance policy.
Legal Expenses
The cost of defending or pursuing a legal case could soon mount up and most home policies usually provide the option of adding legal expenses for a small additional premium.
‘You get what you pay for’
It might be tempting to go with the cheapest premium you can find, but are you confident you have the right level of cover for your needs? Your home is more than just bricks and water, if your unfortunate enough to have to have a claim on your insurance, the last thing you’ll want is a nasty surprise when you contact your insurer.