Mortgages for Life’s Goals

Mortgages for Life's Goals

For the eagle eyed regular readers, you will have noticed that we are sporting a smart new logo! This is going hand in hand with a slight refresh of the website, and a new strap line Mortgages for Life’s Goals.

Mortgages for Life’s Goals

As was the case for many over lock-down, it forced us to reflect on what is important to us and how we can come out of this stronger than we came in.

On a personal level, I am a very big goal setter and list writer. I love to get stuff done, and nothing gives me more satisfaction to cap off one of my goals, or score through a task that needs doing. The majority of people I know are the same, which is why I felt it was time to refresh our tag-line, which is now “Mortgages For Life’s Goals”.

It is so logical when you think of it. Depending on where you are in the property cycle, you could be buying for the first time which is a huge goal, whereas refinancing is just another task that needs to be ticked off.

Whatever the specific goal you are looking at right now from a mortgage perspective, we are here for you, and times like these just goes to show how valuable a broker relationship can be. In many cases you couldn’t even talk to a bank directly if you wanted to! (not that you ever would of course…).

Our goal is to help you at whatever stage you are at, or whatever need/challenge you are facing, to then guide you all the way to the point of being debt free. Surely there isn’t a better goal to share!

Embrace a positive system to achieve your goals

I could write volumes on this, but just very briefly for now as it is relevant – “goals” in and of themselves are actually a cause of much dissatisfaction if not handled correctly.

As you set your goal, have many days, weeks, months or even years as you build up to them, only to experience a brief high when achieved, then straight into an existential funk of “what do I do now…”.

That is why so few boxers become World Champion then retain their belts. Tyson Fury’s openness about this very cycle is to be applauded and worth looking up if you aren’t familiar with his story.

While Mortgages is hardly the same ‘rock n roll’ aspect of your life, none the less, care should be taken to understand that if you embrace a positive system to achieve your goals, you’ll enjoy the ride and come out the other end stronger for it (or debt free in this case!).

That is why we do embrace the financial ‘Wellness’ aspect of what we do, as your finances are such a personal thing. We are respectful of that and aim to be there for you through the whole ride, ups and downs. As moving home normally goes hand in hand with life’s big events.

Team back today

Lastly, I am very proud to have all of my staff back as of today. We did utilise the furlough scheme for some, which was a sensible step for us, as it has meant that no-one lost their jobs or had to take a pay cut.

I have some very clear long term goals, so building and supporting my team is fundamental to that, hence why I am so happy we have the band back together as of today. I said coming into this that everyone having a job and the company not taking on any new debt would be a huge win, so I am quite proud of that achievement and even prouder of every member of the team who played their role.

While it is still a bumpy road ahead, we will do our very best for all our existing and new clients to try and make this one aspect of your life much less painful than it would have been otherwise.

Market update 3.8.20 Rose Capital Partners Mortgages for Life's Goals

Rate Corner

Money Markets pretty much flat last week, which is respite from the recent falls we have seen of late.

We are still in that very perverse environment where market rates for funding are decreasing, while the headline rate on many mortgages are INCREASING.

This is particularly felt if you have less than a 25% deposit. This is largely down to decreased capacity within lenders, so while they are busy, they are often pricing themselves out of deals with ‘smaller’ deposits. That does directly reflect some nervousness around house prices, but it is too early to tell if the stamp duty holiday has done enough to balance off that risk. Early indications are good, but this is something we will track closely.

In the last week:
3 Month Sterling Libor = up by 0.001% at 0.082%
2 Year SWAP = down by 0.003% to 0.101%
5 Year SWAP = down by 0.013% to 0.151%

Best Rates:

2 Year Variable from 1.29%
2 Year Fixed Rates from 1.06%
5 Year Fixed Rates from 1.34%
BTL Rates from 1.14%

The actual rate you will be offered will be dependent on your personal circumstance and deposit level. Please speak to one of our advisers so that they can guide you through this process
Source: Twenty7Tec July 2020

Referrals

Our business is built from referrals. If you know anyone that can benefit from our service, please do refer them onto your adviser, or contact us directly. You can see why we are one of the UK’s most highly rates mortgage brokers on our Google Page

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Should you wish to speak to one of our mortage brokers or protection advisers, Click Here and you will find everyone’s contact details.

Your property may be repossessed if you do not keep up repayments on your mortgage.

This firm usually charges a fee for mortgage advice. The amount of the fee will depend upon your circumstances and will be discussed and agreed with you at the earliest opportunity.

Rose Capital Partners Limited is an appointed representative of PRIMIS Mortgage Network, a trading name of Advance Mortgage Funding Limited which is authorised and regulated by the Financial Conduct Authority.


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