Mortgages

PURCHASING PROPERTY

It’s the biggest financial transaction of most people’s lives and yet, an increasing number of first-time home buyers neglect to seek unbiased independent advice.

Are you looking to buy a home? Acquire an investment property? Consolidate debt? Or are you looking to remortgage your existing house to achieve a better deal and reduce your monthly repayments? Perhaps you need to raise some capital for personal use. In any case, making an ill-informed decision could be a costly mistake in the long-term.

At Quantum Wealth Planning you’ll benefit from our expert knowledge and truly unbiased advice. Having carefully reviewed and discussed your personal circumstances, our mortgage advisers are able to assess your requirements and offer the best / most cost-effective product available to you from the whole of the market, not just a single company.

Speak with one of our advisers today for a free no-obligation consultation.

*THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.

*YOUR HOME MAY BE AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Smarter Borrowing

Did you know?

Total UK unsecured lending (excluding mortgages) now stands at £350 billion. The average household consumer debt stands at £13,000 and is made up mostly of credit cards, personal loans and higher purchase agreements. The average credit card APR currently stand at 21.6%. Standard variable rates for most mortgage lenders are currently 4%. Debt consolidation could save you thousands.

Buy To Let

Did you know?

Most Buy-To-Let (BTL) mortgages are primarily assessed on rental income, not personal income. Typically you must charge rent at 150% of the mortgage payment. Whilst the deposit required for BTL mortgages is often higher than a standard mortgage, a BTL property offers the potential of an additional income as well as being a great addition to a diverse investment portfolio.

Standard Variable Rates

Did you know?

As many as 1 in 4 mortgage holders in the UK are on a Standard Variable Rate (SVR), the lenders go to rate after a mortgage deal ends. SVR’s are typically at least 1% higher than a lender’s re-mortgage deals. With the average mortgage size being £138,000, a 1% rate decrease means an annual savings of £1,380 or £115 a month. How much could you save?

Average UK house price

£0, 000

as of May 2022.

Average UK house price increase

0.8 %

year on year to May 2022.

The number of first time buyers

0, 370

in 2021.

The average deposit

£0, 100

of first time buyers in 2021.