Monthly Archives: June 2011

95% Mortgages available through park gate for purchase or remortgage customers.

With rates fixed at 5.99% for 2 years, low application fees. 95% mortgages are limited to £250,000 maximum loan amount.

Remortgage are also available 95% loan to value comes with a free standard valuation and free solicitors.

All applications are subject to the lenders criteria and affordability.

Why not call us now to see if you qualify for 95% mortgages for purchases or remortgages or you can email us on info@parkgate.net or alternatively you can complete the contact us page on www.parkgate.net/contact-us

I can only say “thank you” for your very prompt service – for explaining everything so well and chasing everything to ensure we kept to my original dates, brilliant service.

The amount of customers who do not use a mortgage adviser and apply for a mortgage direct either online or through the banks and get turned down for one reason or another, give up and do not try again. Whether looking to move, remortgage or to access additional funds for home improvements or for debt consolidation, doing nothing could have a detrimental effect on your finances and therefore using a mortgaged adviser could overcome this.

The benefits of a mortgage adviser is that once your finances have been assessed, your current and future requirements have been taken into account you will then be advised as to what is suitable or available.

As a mortgage adviser it is our duty to ensure that what is recommended is affordably now and in the future taking into account your current and future requirements. Being an independent mortgage adviser we are able to research the whole market.

What does “Whole of Market” mean?
As a professional mortgage adviser we charge a fee for the advice we give, whether you go direct to the bank or transact the business using our services. Banks and Building Societies offer rates for mortgages directly through them or though intermediary channels (ourselves). Rates can sometimes be more competitive through brokers and other times directly with the banks or building societies. Our job is to advise you accordingly and should that mean recommending a directly offered product then that is what we will do.

Advantages of going direct

Possible lower rate

Disadvantages of going direct

No advice given
Limited product rate
No Single point of contact

We have referred a number of clients to apply for low mortgage rate deals directly with banks or Building Societies only to find that they receive little or no customer service, slow processing times and lose the face to face service that we provide. They have then instructed us to deal with the submission of the application on their behalf to another lender.

The advantages of using a mortgage adviser

Receive advice & Recommendation
Single point of contact
Face to face service
Home or Office appointments
Whole of market choice
We take care of the whole process

The disadvantages of using a mortgage adviser

We charge a small fee for the advice, recommendation and service we provide, albeit we believe that even with this fee it is still more cost effective to use us and you will receive a quality service that at the end of the day is priceless.

Remember we only charge a fee on production of a mortgage offer, unless it is pure advice you require and nothing else.

A lower rate is not always the best rate to take. Check out the best buys table on www.parkgate.net to give you an idea of what is available, then

If you would like to discuss your mortgage requirements or would just like a financial review with a qualified mortgage adviser either in the office in park gate or in the comfort of your home. Please give us a call on 01489 580020 or email us at info@parkgate.net where we will be happy arrange an initial meeting.

I was very pleased with the service Louise provided and in particular the personal touch she gave it. I was completely in her hands and I felt like Louise acted in a way that she would have acted for her own mortgage by giving me the best service.

I have already recommended her to friends and I wouldn’t hesitate to use her services again in the future.

Junes monthly meeting sees the Bank of England’s Monetary Policy Committee keep interest rates at 0.5% for the 27th month in a row.

Recent data has underlined worries about the UK’s economic recovery, which analysts took as a sign that the Bank would leave rates unchanged.

Despite the annual rate of inflation rising to 4.5% in April, up from 4% in March, and well above the Bank’s 2% target. Continuing high inflation still makes a rate rise likely this year, although with speculation that inflation could rise to above 5% in the coming few months due to increasing food and utility prices a rate increase could happen sooner.

Our thoughts are that due to the still high unemployment numbers and the pressure of increased household costs, interest rates could be placed on hold until early 2012.

A definite diagnosis by the attending Consultant of an illness that satisfies both of the following:

The illness either has no known cure or has progressed to the point where it cannot be cured; and

In the opinion of the attending Consultant, the illness is expected to lead to death within [the earlier of] 12 months [and the remaining term of the cover].

Third Degree Burns involve damage or destruction of the skin to its full depth through to the underlying tissue and covering at least 20% of the bodies surface area or 50% loss of surface area of the face which for the purpose of this definition includes the forehead and ears.

Third degree burns are the most serious type of burn. They involve the destruction of the full thickness of the skin and can cause damage to the fat, muscle and bone beneath.

Traumatic head injury is  the death of brain tissue due to traumatic injury resulting in permanent neurological deficit with persisting clinical symptoms.

Damage to the brain tissue could be caused by an external trauma such as a severe head injury received in a road traffic accident.