Wednesday, 30 November 2016

What is re-mortgaging?


Remortgaging is the process of switching to a new mortgage deal either with the same dealer or a different dealer. The ideal remortgage time is when the introductory or fixed tracker or the discounted rate on your mortgage ends.  It is at this point that your rate is moved onto a long-term variable rate usually the lender’s standard variable rate (SVR).

You can also remortgage when the interest rates keep changing. If you are on a fixed rate and the interest rates go down, you may find yourself paying over the odds.  If you are using a variable interest rate and there seems to be a likelihood of the interest rates rising, you might want to move to the fixed rates.

When opting for a remortgage, it is important that you first check if your current mortgage has any early repayment charges. You also need to find out how much your lender by asking them for a written redemption statement.

The next step is deciding whether you need to make changes to your loan’s terms. For instance, whether you wish to extend the term or borrow more money. Then consider what type of deal you want. If for example, you choose a new mortgage plan, you need to make a choice between a variable and fixed rate and consider what type of each you prefer. You then take into account what is available and ensure you allow plenty time before your current mortgage ends.

Once you have settled on a particular deal, compare the repayment terms with the current ones. Ensure that you take note of all the mortgage costs associated with this new deal including the arrangement fees. These rates should be included in the annual percentage rate (APR) as quoted by your lender.

There are several things that you need to consider while remortgaging.
•    What are the penalties for opting out of your current mortgage deal?
•    All the fees associated with the new deal
•    Fees you will incur if you deal with a mortgage broker
•    Any legal fee associated with remortgaging

Advantages
•    It offers you with the chance to borrow at a lower interest rate
•    You have the option of using your home’s equity for additional money
•    Opportunity to switch to a more deal that is fitting your current financial situation

Disadvantages
By stretching your debts to a longer time frame adds more to your overall cost
-The process can take much time
-There are fees that are attached to remortgaging
-When you use your home as collateral, it can be repossessed if you don’t make the payments as agreed

Expert advice is recommended when remortgaging. You can contact us at MAS anytime you have issues or need advice on remortgaging https://www.mortgageadviceservices.co.uk/remortgaging/

What will happen if I don't take out a will?


There are several benefits of making out a will and managing your estate. For one, you will be able to allocate your finances and possessions to surviving family members, loved ones, and friends. Since anything can happen at any time you need to ensure the well-being and financial security of your family. Failure to do so can result in a number of legal ramifications and entanglements; these include family members fighting for your possessions and estate, along with plenty of heartache and sadness for the entire family. When it comes to will writing advice, you truly need the professionals on your side. Mortgage Advice Services have and continue to help countless clients with Nottingham will writing and estate management. One phone call or e-mail is all you need to schedule a consultation or appointment today.

Getting the right will advice is imperative; the last thing you would want is for your estate and possessions ending up in escrow due to families contesting their shares and/or inheritances. With this in mind, MAS works with clients to formulate a will that is legally viable and easy to understand. We know that this can be a trying time for you and you want to do the right thing across the board. This is why we have simplified the process by having all essential paperwork and templates already in place. We also handle all legal will submissions to governing agencies, attorneys, law firms, and even banks and financial institutions. Remember, depending on what you want to leave behind – your attorney will be the main figurehead in the entire process. However, you need expert will writing advice courtesy of MAS to truly stay ahead of the process.

There are several things that can happen if you do not take out a will. For one, a court of law can seize your possessions and properties if too many people are claiming a piece or share. This is known as escrow, and your items and/or possessions can be sold off to pay for outstanding debts, bills, and expenses after expiration. Your family and loved ones can also be left with a large number of bills, as well as the household expenses to manage and carry. Furthermore, your businesses and other intellectual properties can be dissolved by governing agencies. With this in mind, you must work with a professional Wills and Estate Planner at MAS. We know how to protect your family after you are gone, as well as your properties, businesses, and all personal possessions.
For more information, simply contact us today and let us help you with timely will advice and estate planning services today.

Monday, 28 November 2016

What are the main reasons for remortgaging?


The main reason that people consider remortgaging is to save money. However, this is not the only reason as to why remortgaging is necessary. There are other considerable reasons for you to move your mortgage loan. Some of the remortgaging reasons include:

Debt Consolidation
For a homeowner having multiple debts and struggling to make the payments, it is often tempting to solicit funds using your home as collateral to clear the debts.It is, however, important for you to carefully think about it before borrowing with your property. This is because you will be putting your property at risk if you do not make the payments.

Changing Financial Situation
With the troublesome economic climate, many people are unable to keep up with their outgoings for various reasons.  When faced with a difficult situation like illness, loss of a job, it is possible that you will not be able to make any mortgage payments. If you are in such a situation, ideally, it is advisable that you speak to your mortgage provider and find out what other options they can offer.

Release Equity
If in any case you have lived in your home for quite some time, the equity you have built up can become a valuable asset. By remortgaging, you can release some of the equity to use on other things like making improvements on your current home, taking a holiday or furthering your education. The additional amount that you receive is added to your current mortgage deal and can be paid off in monthly installments that are affordable. Often the rate at which the remortgage is paid is lower as compared to the amount you would spend on a credit card or a standard personal loan.

Get a Better Rate
One of the reasons for remortgaging is due to the low rates. A low-interest rate does not only reduce your monthly payments but also allows you to add more money to your principal balance and eventually pay less to the bank. This is a quick equity avenue that gives you more financial opportunities.

Advantages of remortgaging
•    You can borrow at lower rates
•    You can use your home as collateral

Disadvantages
•    Has more overall cost
•    Time consuming
•    Extra fees attached

It is important to hire professionals to offer you re-mortgage advice. For the best Nottingham mortgage services, you can get help from Mortgage Advice Services. Contact them for any professional mortgage advice https://www.mortgageadviceservices.co.uk/remortgaging/

Get the right will writing advice


Mortgage Advice Services specialises in will writing advice for all clients. If you have not made out a will due to time constraints or simply not deeming it important at this time it is imperative to speak to an MAS will and estates specialist. It is mandatory to get covered – especially when anything can happen at any time. With a professional Nottingham will writing agency on your side, your properties and finances will be fully protected against escrow. In fact, our Nottingham will advice and services helps formulate legally binding wills that protect your assets. While this may seem emotionally exhausting, it is something we all have to do at one time or another during our lifetime.

Securing the right Nottingham will advice is incredibly important. In fact, this can prevent problems in the future at it pertains to financial and property allocation to loved ones or friends. MAS has the tools and expertise to help advise any client on the will writing and estate management process. This includes inheritances, along with legally binding documents that will hold up in any court of law. While this may seem trying and emotionally draining, MAS is always here to help you every step of the way. This includes explaining the will and estate planning process in detail. It also includes filing all pertinent paperwork, as well as correlating with your attorney, financial institutions, and more. While attorneys are usually the main figures involved in estate and will planning – MAS offers industry-leading advice, tips, and professional will writing services that truly exceeds all client expectations.

You probably know the ramifications of not taking out a will by now; for one, courts may seize your estate and properties if too many loved ones or friends are claiming shares or rights. If outstanding bills or expenses are owed, that too can also come out of your estate. Sadly, your loved ones can also be held responsible for medical bills, hospital fees, and other expenses if something suddenly happens to you. In fact, businesses that you own before expiration can also be closed and assets liquidated as well. There is so much to consider when it comes to writing wills. This is why you need the experts at MAS on your side to guide you through all the murky waters.
For more information, simply contact us today and let us help you with timely will advice and estate planning services today. You can also click on the link below for timely information on the wills and estate planning services we offer to one and all.
https://www.mortgageadviceservices.co.uk/willsAndEstatePlanning

Friday, 25 November 2016

We can advise you on how to get a loan for that dream holiday


You work hard but it seems you never have enough money saved up for your dream holiday. Whether it is a cruise around the world or a month or two on African Safari you don’t have to put it off any more. If you live in Nottingham you should go to Mortgage Advice Services. MAS will help you get either a secure or unsecure loan based on your current finances and assets.

Mortgage Advice Services are able to help clients secure financing because they are in touch with a wide variety of lenders. Over the years, they have come in contact with many lenders, both big and small and familiarized themselves with their terms. By analysing your income and finances they will be able to guide you to a lender that you can afford who will provide you with the money to go on that dream holiday.

Mortgage Advice Services are not just about helping secure Nottingham loans. The only way that they are able to put you in touch with a vendor is by scrutinizing your fin aces. Maybe with just a little rearranging you may find that you already have the money to finance your trip. Or maybe there are things that you are paying for right now that could cost less. In other words, they will take a critical look at your finances and rearrange them so that you are more liquid in the future.

Their process is designed to be simple for their clients. Once you get in touch with them one of their financial experts will come over to your home or office if you don’t have time to go to them. In fact, their services are not limited to Nottingham only – they can help you get a loan regardless of where you are in the UK. The financial consultant will request all the necessary documentation that will help him find you an appropriate lender. They will arrange a sit down with you a few days later so that they can tell you of their findings. Not only will they furnish you with a list of lenders, they will also discuss your finances at length and give you advice on how to make changes for better money management in the future.

Once you have settled on one of the lenders from the list the consultant will get you the necessary application forms and help you fill them. They will also advice you of any additional documentation that your lender will need such as pay slips for proof of income.

You can find out more about Mortgage Advice Services on their website, https://www.mortgageadviceservices.co.uk/loans/

Tuesday, 22 November 2016

Give your family the best Christmas by seeking out our reliable loan advice

 
Your family deserves the best Christmas that you can give them. Unfortunately, if you are like a lot of Nottingham families you don’t have the funds to throw a lavish party for them and even your friends – you cannot afford to spend extravagantly because money is always short. Well, this year can be different. If you go to Mortgage Advice Services for loan advice they can lead you to a lender who would be willing to give you the money that you need for an exceptional Christmas.

How does it all work? Many Nottingham residents are cautious because they find this too easy. You should not be concerned – Mortgage Advice Services are a legitimate service and their advantage is that through their mortgage work they have come to know most lenders in the market. This means that they can introduce you to a lender who is willing to give you money and they can also help you find an interest rate that you can afford. Better yet, they will be able to get you a lender who asks for payment instalments that you can afford.

Mortgage Advice Services have a simple process. Once you contract their services they will assign you a financial consultant. This is an expert who will work with you to get you the Christmas loan that you need. This Nottingham loan advice service employs highly trained and experienced experts so that their clients can get the best advice.

Your consultant will tell you the documents that you need to bring to the meeting. These documents will help him determine the best lender for you. They are also very important for another reason – the financial consultant wants to understand your finances so that he can give you advice on how better to manage your finances in the future. They will look for things that you can cut down so as to be able to save money in the future. They will also look at whether they can rearrange your monthly expenses so that you can save some money in the process.

Once they determine a list of lenders who are willing to work with you they will present it to you so that you can pick one – you make the final decision. They will help you fill out the necessary forms and advice you on the documents that the lender needs. You can be confident that the chances of you getting a loan are quite high.

You don’t have to skimp this Christmas – your family has been there for you all year and they deserve to know how you feel about them. Give them a big Christmas this time around by getting a loan through Mortgage Advice Services. You can find out more on https://www.mortgageadviceservices.co.uk/loans/

Monday, 21 November 2016

Are You Going Through Redundancy Consultations? Speak To Us about Income Support


Job redundancy can happen to anyone – companies and businesses change and they have to let people go. If it has happen to you it is not the end of the road. In fact, it is the time to gather your wits because what you do next will make a big difference. Obviously your biggest concern is income – how will you support yourself now that you no longer have a job? This can be even more stressful if you have a family to take care of.

One of the things that you can do is apply for income support. This is money that you are given by the government to unemployed people who don’t have enough income or no income at all. It is means-tested which means that the government will have to evaluate your circumstances in order to decide how big an allowance you will get every month. What this means for you is that you should find someone to guide you through the process. One of the best Nottingham income support advice services is Mortgage Advice Services.

Mortgage Advice Services is a group of consultants who are very well versed in different kinds of financial matters. They advise people on things such as mortgages, remortgages, loans and of course income support. They are able to look at your finances and tell you whether or not you qualify for income support. They will help you come up with a way to present your case such that you stand a better chance of receiving the support that you need from the government.

In addition to that they will advise you on what you need to do in order to get income support. You see, in many cases people who deserve it miss out completely because they make mistakes along the way. This will not happen to you if you go to Mortgage Advice Services. Once you contract them they will assign you your own financial consultant who will look at your income, how much you are making if anything at all, how much is in the bank, how much your assets cost and so on. The reason why they look at your financials is so that they can give you the best advice and advice you on which route to take.

Mortgage Advice Services are about more than helping you get income support. They will give you advice on how to manage your financial resources in the future – now that you are out of a job you need to be more careful than ever. They can help you pay less on things such as insurance premiums because they are in touch with many different insurance companies.

You can find out more on their website, https://www.mortgageadviceservices.co.uk/aboutUs/