Santander will increase its standard variable from 4.24% to 4.74% on the 3/10/2012.

This is a 0.5% increase, even though Bank of England Base rate has not changed for the last 3 years.

Someone with a £150,000 mortgage in Cardiff would see their payments increase by £516 a year

Santander has also changed its rules to allow it to increase its SVR even more.

There are better rates out there that only require 15% equity in your property. A good example of this is the Britannia. They offer a tracker rate for term of the mortgage of Bank of England Base Rate currently 0.5% plus 3.69%. Making a current pay rate of 4.19%. Included in this package is free legal and free valuation. There is no arrangement fee charged by the lender. The drawback is that you have to switch your banking

WHY USE NEIL SOUNDY FINANCIAL SERVICES FOR YOUR REMORTGAGE IN CARDIFF?

The vast majority of mortgage brokers and advisers still restrict their advice to mortgages that pay them commission.

What makes us different is that we give expert impartial on commission and non-commission paying mortgages.

View the video on our homepage that explains how we can offer at least twice the choice of mortgages compared to a standard mortgage broker.

Useful website

Neil Soundy Financial Services Ltd is an appointed representative of HL Partnership Ltd which is authorised and regulated by the Financial Services Authority.

The Financial Conduct Authority does not regulate some forms of buy-to-lets.

We do not give or imply legal or taxation advice. We recommend you contact a solicitor or accountant for advice in these areas.

Think carefully before securing other debts against your home/property. Your home/property may be repossessed if you do not keep up repayments on your mortgage.

Request Call Back

We can discuss your current situation and the options available to you before arranging a free no-obligation meeting.

It is very important you understand whether you are getting information or advice when looking for a mortgage.

Some sales representatives in banks and building societies (and some mortgage brokers) will talk you though different mortgage options then leave it for you to decide which you’d like based on the information they have provided.

If opting to buy through your bank or building society, ask to buy based on advice. And always check with your mortgage broker or estate agent adviser whether you are being offered information only or advice.

Your adviser is obliged to make it clear to you what type of service you are getting and this will be set out in the document ‘Key facts about our service’. If you buy based on information only, you have few rights of redress should your mortgage turn out to be unsuitable for you.

The majority of lenders in Cardiff who offer mortgages do not offer advice. These include Principality Building Society, Natwest, Royal Bank of Scotland (RBS) Santander, C&G and HSBC.

At Neil Soundy Financial Services Ltd we are proud to offer advice on the mortgage market.

At our Cardiff offices we offer a free no obligation 1 hour meeting to discuss your mortgage requirements.

View the video on our homepage that explains how we can offer at least twice the choice of mortgages compared to a standard mortgage broker.

Giving local mortgage advice to all of Cardiff including, Pontprennau, Cathays, Roath, Cyncoed, Lisvane, Radyr, Lakeside, Whitchurch, Heath etc.

How Much Will It Cost Me For Your Advice?

A fee of £495 is payable on completion of the mortgage and Neil Soundy Financial Services Ltd will keep the commission received from the lender for arranging the mortgage.

Neil Soundy Financial Services Ltd is an appointed representative of HL Partnership Ltd which is authorised and regulated by the Financial Services Authority.

The Financial Conduct Authority does not regulate some forms of buy-to-lets.

We do not give or imply legal or taxation advice. We recommend you contact a solicitor or accountant for advice in these areas.

Think carefully before securing other debts against your home/property. Your home/property may be repossessed if you do not keep up repayments on your mortgage.

Request Call Back

We can discuss your current situation and the options available to you before arranging a free no-obligation meeting.

I would seriously consider remortgaging if you are on a standard variable rate with the following lenders.

Britannia @ 4.74%

Principality @ 4.99%

Coventry @ 4.74%

Chelsea @ 5.69%

Yorkshire B/S @ 4.99%

Santander @ 4.74%.

N/Rock @ 4.79%

Monmouthshire B/S @ 4.99%.

The Nottingham on an eye watering 6.14%.

There are great rates out there especially on 5 year fixed. Most lenders will also offer free valuation and cover your legal costs.

View the video on our homepage that explains how we can offer at least twice the choice of mortgages compared to a standard mortgage broker.

How Much Will It Cost Me For Your Advice?

A fee of £495 is payable on completion of the mortgage and Neil Soundy Financial Services Ltd will keep the commission received from the lender for arranging the mortgage.

Neil Soundy Financial Services Ltd is an appointed representative of HL Partnership Ltd which is authorised and regulated by the Financial Services Authority.

The Financial Conduct Authority does not regulate some forms of buy-to-lets.

We do not give or imply legal or taxation advice. We recommend you contact a solicitor or accountant for advice in these areas.

Think carefully before securing other debts against your home/property. Your home/property may be repossessed if you do not keep up repayments on your mortgage.

Giving local mortgage advice to all of Cardiff including, Pontprennau, Cathays, Roath, Cyncoed, Lisvane, Radyr, Lakeside, Whitchurch, Heath etc.

Useful link : https://www.moneyadviceservice.org.uk/en/articles/choosing-a-mortgage-shop-around-or-get-advice

Request Call Back

We can discuss your current situation and the options available to you before arranging a free no-obligation meeting.

When it comes to finding the most suitable mortgage deal for your residential or buy to let property, it is easy to go on comparison sites or best buy tables and become fixated on just the rate, assuming that the lowest is the best.

However this is not always the case!

Many lenders use high arrangement fees as a way to offer lower initial rates. Adding these fees to your mortgage will increase your payments only slightly, but it will be for the entire term, even though the reduced rate could be for just 2 years.

At Neil Soundy Financial Services we focus on the total cost not the lowest rate.

This means that we use professional software to research the best overall product taking into account the combination of the rate, the length of the preferential rate, arrangement fees and incentives. Many lenders offer free valuation, cash-back or help with legal costs. It is important that the values of these benefits are included in the total cost calculation before making a recommendation.

Why use Neil Soundy Financial Services for your mortgage advice in Cardiff?

We will give you expert impartial advice on the mortgage market.

View the video on our homepage that explains how we can offer at least twice the choice of mortgages compared to a standard mortgage broker.

How Much Will It Cost Me For Your Advice?

A fee of £495 is payable on completion of the mortgage and Neil Soundy Financial Services Ltd will keep the commission received from the lender for arranging the mortgage.

Neil Soundy Financial Services Ltd is an appointed representative of HL Partnership Ltd which is authorised and regulated by the Financial Services Authority.

The Financial Conduct Authority does not regulate some forms of buy-to-lets.

We do not give or imply legal or taxation advice. We recommend you contact a solicitor or accountant for advice in these areas.

Think carefully before securing other debts against your home/property. Your home/property may be repossessed if you do not keep up repayments on your mortgage.

Useful link:

https://www.moneyadviceservice.org.uk/en/articles/choosing-a-mortgage-shop-around-or-get-advice

Request Call Back

We can discuss your current situation and the options available to you before arranging a free no-obligation meeting.

Tesco have recently launched their own bank and are now offering mortgages. They state you get great rates and clubcard points.

Now the bad part

“You will not receive advice or a recommendation from us. We may ask some questions to narrow down the selection of products that we will provide details on. You will then need to make your own choice about how to proceed.”(Tesco Bank website)

This means if you choose the wrong product it is not Tesco’s fault as you choose it.

It’s not the same as buying burgers.

We researched 5 year fixed rate mortgages with a 25% deposit.

Tesco rate 3.79% & fees of £995

Nationwide rate of 3.49% & fees of £499

Why use Neil Soundy Financial for advice on your mortgage in Cardiff?

We will give you expert impartial advice on the mortgage market.

View the video on our homepage that explains how we can offer at least twice the choice of mortgages compared to a standard mortgage broker.

Contact us today for a free no obligation initial discussion or meeting.

Useful link:

https://www.moneyadviceservice.org.uk/en/articles/choosing-a-mortgage-shop-around-or-get-advice

How Much Will It Cost Me For Your Advice?

A fee of £495 is payable on completion of the mortgage and Neil Soundy Financial Services Ltd will keep the commission received from the lender for arranging the mortgage.

Neil Soundy Financial Services Ltd is an appointed representative of HL Partnership Ltd which is authorised and regulated by the Financial Services Authority.

The Financial Conduct Authority does not regulate some forms of buy-to-lets.

We do not give or imply legal or taxation advice. We recommend you contact a solicitor or accountant for advice in these areas.

Think carefully before securing other debts against your home/property. Your home/property may be repossessed if you do not keep up repayments on your mortgage.

Request Call Back

We can discuss your current situation and the options available to you before arranging a free no-obligation meeting.

In today’s mortgage it is tough to get a mortgage. It seems even more difficult if you are self employed and just have one year’s accounts. There are a number of lenders who will look at lending with just one year’s accounts. Helpful lenders at the moment are the Principality and the Halifax. The Principality will usually require a 25% deposit, while the Halifax will lend with just a 10% deposit. (Subject to underwriting and credit score).

How Much Will It Cost Me For Your Advice?

A fee of £495 is payable on completion of the mortgage and Neil Soundy Financial Services Ltd will keep the commission received from the lender for arranging the mortgage.

Neil Soundy Financial Services Ltd is an appointed representative of HL Partnership Ltd which is authorised and regulated by the Financial Services Authority.

The Financial Conduct Authority does not regulate some forms of buy-to-lets.

We do not give or imply legal or taxation advice. We recommend you contact a solicitor or accountant for advice in these areas.

Think carefully before securing other debts against your home/property. Your home/property may be repossessed if you do not keep up repayments on your mortgage.

Useful link : https://www.moneyadviceservice.org.uk/en/articles/choosing-a-mortgage-shop-around-or-get-advice