Tips, tricks and insights from the experts
Mortgages
Industry Insights
We understand the importance of being prepared. In this guide, we'll break down the various costs associated with buying a house. Find out more about the different costs alongside the costs of buying a home.
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Self-employed individuals seeking a mortgage often face unique challenges, particularly when it comes to income verification. Unlike traditional employees, you may lack readily available documentation like pay slips or tax forms.
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Discover the keys to successful real estate investing with the right mortgages for your investment properties. Learn how to choose the ideal loan type, navigate challenges, and maximize your returns.
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Unlock the key to smart mortgage decisions with our 5 essential tips in 60 seconds. Learn about credit scores, lender shopping, down payments and much more.
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When you apply for a mortgage, we’ll consider you to be self-employed if you have more than a 20% share of the business from which you get your main income.
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Glossary - Understanding Industry TermsWhat is landlord insurance?Landlord insurance provides protection for landlords against various risks related to their rental properties. Typically, it encompasses the buildings you own and lease, and it can also extend to cover the contents within those structures. This type of insurance safeguards you from unforeseen events like fires, floods, theft, […]
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Glossary - Understanding Industry TermsWhat does underwriting mean?This marks the stage in a mortgage application where all the information you've supplied undergoes scrutiny, and a determination is reached regarding your eligibility to borrow the requested funds.During the underwriting process, it's advisable to proactively address your lender's enquiries. Avoid applying for new credit lines while underwriting […]
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Glossary - Understanding Industry TermsWhat is a tracker mortgage?This is a mortgage type in which the payments fluctuate in accordance with the Bank of England's base rate, thus having the potential to increase or decrease.The main difference between a tracker mortgage and a fixed-rate mortgage is that a fixed rate mortgage's payments do not change […]
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Glossary - Understanding Industry TermsWhat is a self employed mortgage?You can certainly be self-employed and secure a mortgage for a new home. You will need to provide some extra information to your mortgage lender to demonstrate your ability to manage your monthly payments.It's worth noting that there isn't a distinct 'self-employed mortgage.' You'll be applying […]
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Glossary - Understanding Industry TermsWhat does porting mean?Mortgage porting is the process of purchasing a new home while retaining your current mortgage terms and interest rate. Essentially, you transfer your existing mortgage deal from your current home to your new one.SPEAK TO OUR EXETER MORTGAGE ADVISORS ABOUT THISWhat questions do mortgage advisors get asked about […]
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Glossary - Understanding Industry TermsWhat does income protection mean?Income protection insurance is intended to offer a reliable source of income if you become unable to work due to illness or injury. Typically, you will keep receiving this benefit until you recover sufficiently to resume work, retire, or reach the policy's expiration date.MORE ON INCOME PROTECTION […]
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Glossary - Understanding Industry TermsWhat does overpayment mean?These are extra payments made on top of your regular monthly installments. These additional payments can be either regular, such as monthly contributions, or occasional, like one-time lump sum payments.SPEAK TO OUR MORTGAGE ADVISORS ABOUT THISWhat questions do our mortgage advisors get asked about this topic?Over the years, […]
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Glossary - Understanding Industry TermsWhat does negative equity mean?This occurs when the cumulative debt from your mortgage and/or other secured loans against your home surpasses the property's current market value. In such a scenario, if property prices decline, you may find yourself owing more than the actual worth of your home.MORE ON EQUITY RELEASE ADVICEWhat […]
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Glossary - Understanding Industry TermsWhat is a drawdown mortgage?A drawdown mortgage is a type of equity release that provides you with the flexibility to access the equity in your home whenever the need arises.SPEAK TO OUR EXETER MORTGAGE ADVISERSWhat questions do our mortgage advisers get asked about this particular topic?Our Exeter team are often asked […]
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Glossary - Understanding Industry TermsWhat is contents insurance?Contents insurance is what gives protection to anything that is not a fixed part of your home. It will cover items such as your clothing, furniture and electrical devices.MORE ON CONTENTS INSURANCEWhat questions do our Exeter team get asked about contents insurance?When it comes to the likes of […]
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Glossary - Understanding Industry TermsWhat does APRC mean?APRC stands for annual percentage rate of charge. It illustrates the overall expense of a mortgage, inclusive of fees, spanning the entire duration of the mortgage term.SPEAK TO OUR TEAM ABOUT THISWhat questions do our mortgage advisers get asked about this topic?Our Devon mortgage advisers are often asked […]
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Glossary - Understanding Industry TermsWhat is additional borrowing?Additional borrowing as the name would suggest entails borrowing additional funds, consequently augmenting the total amount of your mortgage. For example, the additional money that you borrow could be used to carry out improvements on your property.OUR MORTGAGE SERVICESWhat questions do our mortgage advice team get asked about […]
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Glossary - Understanding Industry TermsWhat is a first-time buyers mortgage?As the name would suggest, a first-time buyers mortgage is a mortgage that is specially designed for those who are new to the housing market. An individual is typically categorised as a first-time buyer when they are purchasing their primary residence for the first time and […]
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Glossary - Understanding Industry TermsWhat is mortgage payment protection insurance?Mortgage protection insurance functions as a form of income safeguarding, stepping in to cover your mortgage payments in the event of your inability to work due to accidents, illnesses, or unemployment. The majority of mortgage insurance policies will provide payouts for a duration of up to […]
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Glossary - Understanding Industry TermsWhat is home insurance?Home insurance offers financial safeguarding in case of occurrences affecting your property and/or possessions. Based on the terms of your policy, you could have coverage for theft, fire, flood, loss, accidental damage, and additional situations.MORE ON HOME INSURANCE ADVICEQuestions that we get asked about home insuranceOur Exeter team […]
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Glossary - Understanding Industry TermsWhat is buildings insurance?Buildings insurance is intended to offer financial safeguarding in the event of damage to your home's structure, including elements like walls, roof, and floors. It will often cover damage to fixtures and fittings too depending on your policy.MORE ON BUILDINGS INSURANCE ADVICEQuestions that we get asked about building […]
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Glossary - Understanding Industry TermsWhat is life insurance?Life insurance is created to offer you the comfort of knowing that your family members, like your children or partner, will have financial protection if something were to happen to you. It offers financial stability, aids in clearing debts, covers living expenses, and assists with medical or end-of-life […]
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Glossary - Understanding Industry TermsWhat is short-term income protection?Short-term income protection serves as a cost-effective substitute for a prolonged policy, ensuring continued benefit disbursement if you're unable work for whatever reason.Typically, a short-term policy features a maximum duration for claims, often spanning one or two years per instance. If you are search for short-term income […]
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Glossary - Understanding Industry TermsWhat is a buy-to-let mortgage?A Buy-to-let mortgage is designed for individuals seeking to purchase a property with the intention of renting it out, rather than residing in it themselves.The majority of Buy to Let mortgages follow an interest-only structure, indicating that the monthly payments exclusively cover the interest accrued, without contributing […]
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Glossary - Understanding Industry TermsWhat is remortgaging?Remortgaging entails transferring your current property's mortgage from one lender to a different one.Numerous factors prompt individuals to consider remortgaging their residence, including the desire to reduce costs, access funds, or settle debts.Over the years, our Exeter remortgaging advice team have helped thousands of customers with this topic. If […]
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Glossary - Understanding industry termsWhat is equity release?Equity represents the worth of your home after deducting any remaining mortgage or secured debts against it.Equity release offers the option of receiving a lump sum or consistent monthly payments, which can be utilised to assist with routine expenses, home enhancements, care expenses, and other needs.If you are […]
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Discover how to prepare for a self-employed mortgage application, and explore how our assistance can support you during the process.
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Our Exeter mortgage advisors have put together a few tips for first-time buyers.
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A down payment serves as a demonstration of financial responsibility and can lead to more favourable mortgage terms.
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Securing the best mortgage as a self-employed borrower can be a challenge, but with the right guidance, you can achieve your home ownership goals.
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Looking for expert equity release advice in Devon? Unlock the value of your property with confidence by following these essential steps.
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Simon and Helen, a couple in their early thirties, were eagerly anticipating the arrival of their second daughter. They enjoyed a relatively stress-free life until the moment their daughter was born and they received the heartbreaking news that she was deaf. They wanted to share their story and provide guidance to those considering insurance options.
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Paula led a typical and healthy life. Paula and her husband recognised the importance of financial security and thus acquired life insurance to protect their mortgage and her income, based on the advice from a financial advice specialist. It never crossed their minds that they would ever have to utilise their insurance coverage.
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Mark releases equity from his home through a lifetime mortgage, ensuring his settlement payment while keeping an emergency fund. This brings optimism for his future and allows him to retire with financial flexibility and peace of mind.
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Lets explore the different mortgage types and discuss how each can work for you. Our mortgage advisors will work with you to help you choose the right deal and repayment type.
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At 83 years old, Mr Walsh had lost his wife two years prior to illness. Mr Walsh has been suffering with arthritis for years, which has now made it impossible to complete some basic tasks meaning he would need additional care.
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When you are investing in property using a mortgage, you plan for your income to cover the monthly repayments; however, if for whatever reason your income dramatically drops and you cannot meet the repayments, mortgage protection insurance is there to offer protection.
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For those who are self-employed, securing a mortgage isn’t quite as simple as for those who are in full-time employment. This is due to the fact that most self-employed workers receive far less predictable incomes than salaried workers.
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By using a buy-to-let mortgage you are able to invest in a property that you are able to rent out for an additional income. It is worth noting that property investment isn’t always plane sailing and there are numerous considerations you will need to make before making your investment.
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Our equity release advisors will be with you every step of the way in helping to release equity from your property.
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Explore our guide to mortgages for first time buyers. Our mortgage advisors have been providing outstanding services.
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Mortgage lenders will often require you to provide your HMRC SA302 and Tax Year Overview documents.
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If you are looking to remortgage your property then this could be because of a range of different reasons.
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In this article we will outline the processes of purchasing a home as well as a few tips to keep costs down.
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Saving for your deposit doesn't have to be difficult, we have put together 10 ways for you to save for a deposit.
Beerstone Financial Services was established in 1996 by Chris Beer, our Director, who still oversees the company and ensures we maintain the best service.
In total we have over 30 years of experience in financial services working in a range of environments so you can be sure that your situation is in experienced hands.
Speak to our team
Visit our offices: 2 Southernhay West, Exeter, EX1 1JG
Beerstone Financial Services Ltd (542704) is an Appointed Representative of BrokerSync Ltd, which is authorised and regulated by the Financial Conduct Authority (1031981).
There may be a fee for Mortgage Advice. The precise amount will depend upon your circumstances and will be agreed upon following your initial meeting.
Investments, Pensions, Wills, Trusts, PMI and Estate Planning will be referred to our authorised third-party providers. Beerstone Financial Services Ltd and BrokerSync Ltd are not responsible for any advice received from the third-party providers.
Investments, Pensions, Wills, Trusts, PMI and Estate Planning will be referred to our authorised third-party providers. ABC Ltd and BrokerSync Ltd are not responsible for any advice received from the third-party providers.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Conveyancing, Wills, and some forms of Buy-to-let Mortgages and Commercial Mortgages are not regulated by the Financial Conduct Authority.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or other debt secured against it.'