20 hours ago
#Alpacaoftheweek - This is Pharoah, in full fleece - hiding in the trees!
He doesn't look like this now - but hey it will grow back and at least he won't overheat in the summer
He has beautiful eyes and looks great with or without his coat on!.... the alpaca...obvs... ... See MoreSee Less
2 days ago
It's been a busy week!
Helping some lovely first-time buyers get on the ladder (stress-free)
Helping a property investor grow their portfolio whilst leveraging their money
Helping a multi-six figure entrepreneur buy her dream home
All done remotely, keeping our clients and staff safe.
And finalising the job advert for our new staff member!
Looking forward to a relaxing weekend 😎 ... See MoreSee Less
4 days ago
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5 days ago
There seems to be this myth that you can't get a mortgage if you're self-employed.
I 've heard it time and time again over the years, and I'd love to re-assure you that business owners can get access to exactly the same range of mortgages as employed applicants - subject to a few important points, and your application being correctly packaged.
1. You must be able to prove your income
This means if you're working cash-in-hand or not putting things through your books, the money does not exist as far as the lender is concerned, and they won't use it when working out how much they will lend you.
The days of self-certification of income are (thankfully) long gone - and a lender will want to see either your accounts, your SA302 (online tax return statement) or get an official reference from your accountant. You should let your accountant know that you are looking to buy a house, as their default working position is 'claim everything and reduce the tax bill' and in practice some costs and allowances can be deferred or not used so that your 'net profit' figure is higher - yes, you'll pay a bit more tax, but it will boost your borrowing capacity.
2. It’s all about the trend!
You normally need 2 or 3 years proof of income to get a mortgage, and to be showing a consistent income or increasing trend. You can do it on one year’s figures and an accountant’s projection with the right lender, but you’ll pay more per month for a special deal like this.
So, if you’re thinking about buying a home or re-mortgaging and you’ve recently set up a business, you need to make sure your figures look as good as they can, as soon as they can.
If you have an explainable dip in your takings, it’s not necessarily a problem, if you approach the right lender.
3. Present your case in the best light
A good financial adviser will be able to look at your accounts and SA302 and work out which makes your case more attractive to a lender. Unless you’re using 5th April as your year end, the figures will be different on paper.
Some lenders will let you use your share of the net profit ( and they don’t mind whether you actually withdrew it as income or left it in the company account for next year) – others will let you use your actual salary plus dividends. Others will let you use salary plus your share of net profit. Choosing the correct lender can be the difference between you getting the loan amount you need, or missing out on your dream home.
I’ve been arranging mortgages for business owners for more than 12 years, so if you have any questions – fire away!! ... See MoreSee Less
1 week ago
#alpaca of the week
Here are Yogi and Zach - our new babies - walking nicely on their halters!!
Hopefully when cv19 has passed I can go back to offering office based appointments, and some of you will get to come and meet them (whilst getting your money stuff sorted...obvs...)
How many other financial advisers can offer you that? Zero - according to google!! ... See MoreSee Less
Do you want your ex-husband to get your pension if you die? How about your parents? No?...
If you set a pension up when you first started work, you would have filled out a nomination form to say who was to benefit when you die. If you've not looked at it in years, it may not reflect your current wishes.
With modern pension freedoms, there are more choices as to who gets your money - it no longer has to be a spouse.
Some old company schemes can ONLY go to a spouse or civil partner, and if you're single or divorced - your pot dies with you! 😨😨
With the new schemes, you can leave it to a person (or charity) of your choice - even in the form of a pension - so that it is tax efficient - and they can't blow it all on junk in their youth! 😀
Who gets your pension when you die? Time to check❓❓❓ ... See MoreSee Less
This is Yogi - our other baby - he loves carrot, grass and most food really.... ... See MoreSee Less
3 weeks ago
What will this year bring? If only we knew - wouldn't that make life more simple? Not at all! As chances are we'd run away and hide!
Looking to last year - I bet you got through stuff that you never imagined you would, and that life took some unexpected twists and turns - me too!
But you survived it - and as they say - whatever doesn't kill you makes you stronger!
My friend never imagined that her fit and healthy husband (in his 30s) would have a stroke whilst out jogging and end up in hospital.
But 2 months later, although he can now breathe unaided and has retained his mental capacity (and brilliant sense of humour) he is having to learn to eat solid food and walk again.
Unexpected. Scary. And amazingly stressful for her and the children.
It could be weeks / months until he can return home and continue living the life he loves with his family.
The only thing they don't need to worry about it paying their mortgage.
They received their critical illness payment on Christmas Eve - and so despite all the other stuff, I can be sure they won't struggle financially.
This is why I do what I do.
It may be an awkward conversation to have - but what do you want to happen if you have a stroke, heart-attack or get cancer?
Message me to chat about options that fit your budget >> ... See MoreSee Less