Why it is not always best to get Mortgage and Protection Insurance with your Bank
I have lost count as a Mortgage adviser of the number of times I have heard clients say that they have gone to their bank for Mortgage and Protection advice and feel they have got a good rate for their mortgage.
Many people believe that because they might have a long-term relationship with their bank that they could have access to preferential rates or are more likely to be accepted for borrowing.
This of course is a misconception and perhaps harks back to years gone by when people would open a building society account to stand them in good stead to benefit from membership of the society and give them the potential access to funds to purchase their property.
The reality of course is that by only going to your bank could limit your opportunity to get the most competitive rate for what is for most is the biggest level of borrowing they will have across their adult life.
At Asquith Financial Services, an award winning Colchester based Mortgage and Protection and lifetime mortgage specialist covering predominantly the Essex and Suffolk area, ensure they research the whole market to find the most suitable mortgage deal to meet their client’s needs.
Having access to the whole of the mortgage market, including the banks ensures you are not limited to one product or rate. Often Asquith Financial Services will also have access to exclusive mortgage products and rates that are not available to the general public sometimes with the very institution they bank with which they would otherwise be excluded from applying for.
Asquith Financial Services take the time to understand the things that are important to their client’s when looking at their borrowing requirements finding a lender that best matches their needs and requirements, whether it be a fixed rate, free legal fees, free valuation, cashback we are there to help.
Another benefit of working with us is that we can assist by reviewing your life assurance to help ensure your mortgage borrowing is covered, protecting you and your family in the event of death or critical illness ensuring your home is secure for you and your family whatever may happen.
This is also an area where we have seen many banks unable to assist their customers with when providing them with mortgage finance. Many banks have chosen to step away from providing advice in this area leaving a risk to financial stability of their borrower should death or serious illness occur.
Asquith financial services ensure that they provide advice to their customers to help ensure their customers are protected for their mortgage or family protection needs.
Again, with access to a select panel of leading protection providers, they can look to find the most suitable policy to your home and family. Whether this is term assurance cover or including Critical illness cover we can advise the best way to ensure you are protected.
Their service includes reviewing customers’ existing arrangements and ensuring they meet their new requirements not only for their borrowing but to ensure that their existing arrangements are still effective with changes in their client’s life in general.
Should you require a review your mortgage and protection needs you can contact us in the following ways.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
A MORTGAGE LOAN WILL BE SECURED AGAINST YOUR HOME OR PROPERTY.
A LIFETIME MORTGAGE WILL BE SECURED AGAINST YOUR HOME.
FINANCIAL PROTECTION POLICIES TYPICALLY HAVE NO CASH IN VALUE AT ANY TIME AND COVER WILL CEASE AT THE END OF THE TERM. IF PREMIUMS STOP, THEN COVER WILL LAPSE.
Email- [email protected]
Website- www.asquithfinancialservices.co.uk
Tel- 033 3303 4230 or 07500 969167
I have lost count as a Mortgage adviser of the number of times I have heard clients say that they have gone to their bank for Mortgage and Protection advice and feel they have got a good rate for their mortgage.
Many people believe that because they might have a long-term relationship with their bank that they could have access to preferential rates or are more likely to be accepted for borrowing.
This of course is a misconception and perhaps harks back to years gone by when people would open a building society account to stand them in good stead to benefit from membership of the society and give them the potential access to funds to purchase their property.
The reality of course is that by only going to your bank could limit your opportunity to get the most competitive rate for what is for most is the biggest level of borrowing they will have across their adult life.
At Asquith Financial Services, an award winning Colchester based Mortgage and Protection and lifetime mortgage specialist covering predominantly the Essex and Suffolk area, ensure they research the whole market to find the most suitable mortgage deal to meet their client’s needs.
Having access to the whole of the mortgage market, including the banks ensures you are not limited to one product or rate. Often Asquith Financial Services will also have access to exclusive mortgage products and rates that are not available to the general public sometimes with the very institution they bank with which they would otherwise be excluded from applying for.
Asquith Financial Services take the time to understand the things that are important to their client’s when looking at their borrowing requirements finding a lender that best matches their needs and requirements, whether it be a fixed rate, free legal fees, free valuation, cashback we are there to help.
Another benefit of working with us is that we can assist by reviewing your life assurance to help ensure your mortgage borrowing is covered, protecting you and your family in the event of death or critical illness ensuring your home is secure for you and your family whatever may happen.
This is also an area where we have seen many banks unable to assist their customers with when providing them with mortgage finance. Many banks have chosen to step away from providing advice in this area leaving a risk to financial stability of their borrower should death or serious illness occur.
Asquith financial services ensure that they provide advice to their customers to help ensure their customers are protected for their mortgage or family protection needs.
Again, with access to a select panel of leading protection providers, they can look to find the most suitable policy to your home and family. Whether this is term assurance cover or including Critical illness cover we can advise the best way to ensure you are protected.
Their service includes reviewing customers’ existing arrangements and ensuring they meet their new requirements not only for their borrowing but to ensure that their existing arrangements are still effective with changes in their client’s life in general.
Should you require a review your mortgage and protection needs you can contact us in the following ways.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
A MORTGAGE LOAN WILL BE SECURED AGAINST YOUR HOME OR PROPERTY.
A LIFETIME MORTGAGE WILL BE SECURED AGAINST YOUR HOME.
FINANCIAL PROTECTION POLICIES TYPICALLY HAVE NO CASH IN VALUE AT ANY TIME AND COVER WILL CEASE AT THE END OF THE TERM. IF PREMIUMS STOP, THEN COVER WILL LAPSE.
Email- [email protected]
Website- www.asquithfinancialservices.co.uk
Tel- 033 3303 4230 or 07500 969167
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