ADVICE AREAS

Whether you are looking to buy your first home, move house, review your current mortgage, or invest in property (buy-to-let) good quality mortgage advice is key. With access to 50+ lenders and thousands of mortgage deals we’re ideally placed to guide you through the whole process, answering all your questions along the way and ensuring that you end up with the right mortgage for your specific, individual needs.

Once we’ve found you the right mortgage then we’ll apply for and deal with the lender on your behalf to make the transaction as smooth as we possibly can. We’ll also get back in touch as your mortgage deal reaches its end to help you review the options at that time and make any changes that are needed.

Please feel free to get in touch on email or by giving us a call; we love talking mortgages and are more than happy to chat to you about how we can best help you.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Most Buy-to-Let mortgages are not regulated by the Financial Conduct Authority.

Mortgage Advice Costs

We will receive a procuration fee from the recommended lender, which helps to cover the cost of our advice for you.

In addition to any procuration fee paid by the lender, we charge the following client fees, payable when your mortgage application is submitted:

• £495 for a brand new mortgage application to a new lender
• £395 for a porting application with your existing lender
• £295 for a further advance with your current lender
• £195 for a product transfer with additional borrowing, a change of term, or repayment type
• No fee for a product transfer with your existing lender, with no additional changes.

Our mortgage advice fee covers research of the market, personalised recommendations, arrangement of the mortgage application, liaising with the lender and solicitor, and support through to completion.

Insurance goes hand-in-hand with a mortgage; the very word mortgage is borrowed from the French and translates to “death pledge”. So how are you going to meet your death pledge? And it’s not just about those with a mortgage; how will you or your family pay rent, or buy other essentials (like food!) if you die, or are too ill to work?

Whilst it may be tempting to see insurance as a simple thing that you can do quickly and easily online, when it comes to the personal protection plans needed to properly insure you and your loved ones, it is important to get it right – otherwise you could be paying for something that, when you or your family need it, simply doesn’t do the job.

We’ll not only look at what insurance plans fit best with your own individual circumstances, but also talk you through the different options and cover available to design and build your perfect protection portfolio from the range of insurance partners we work closely with. We’ll then apply for and deal with the insurer on your behalf to make the whole process as painless as possible.

Should you need to make any changes to the insurance policy in the future, or heaven forbid make a claim, then we’ll be on hand to help then too.

Scott, our principal adviser, is an advocate for high quality protection and insurance planning and highly regarded in the insurance market; often asked by insurers and others for comment on new initiatives, or products prior to launch.

You’ll be pleased to hear that we love chatting about insurance, just as much as we do mortgages, so please feel free to get in touch by email or phone if you want to ask us any questions, or look at your own insurance planning.

Insurance Advice Costs

We will receive a commission payment from the recommended insurer, which will cover all of our time and costs in advising you.  There are no further fees you pay to us directly for insurance work.

Our insurance advice service covers a personalised assessment of your protection needs, recommendations tailored to your circumstances, sourcing suitable policies from our panel of insurers, arranging the application, and providing ongoing support should you need to make changes or submit a claim in the future.

• Pension and retirement planning
• Investments
• Second charge loans
• Commercial mortgages
• Lifetime mortgages and equity release
• Private health insurance
• Wills and lasting powers of attorney
• Conveyancing
• Property Surveys

These advice areas are not dealt with directly by us, but by referral to an appropriate third-party specialist partner firm.

• Will writing is not part of the Openwork offering and is offered in our own right. Openwork Limited accept no responsibility for this aspect of our business.

• Commercial Lending, Conveyancing, Surveying and Will writing are not regulated by the Financial Conduct Authority.

•  Lifetime Mortgage is not suitable for everyone and may affect your entitlement to means tested benefits, so it is important to seek financial advice before taking any action. If you are considering releasing equity from your home, you should consider all options available before equity release.
  
  The interest that may be accrued over the long term with a Lifetime Mortgage, may mean it is not the cheapest solution. As interest is charged on both the original loan and the interest that has been added, the amount you owe will increase over time, reducing the equity left in your home and the value of any inheritance, potentially to nothing.
  
  Although the final decision is yours, you are encouraged to discuss your plans with your family and beneficiaries, as a Lifetime Mortgage could have an impact on any potential inheritance. We would also encourage you to invite them to join any meetings with your Financial Adviser so they can ask questions and join in the decision, as we believe it is better to discuss your decision with them before you go ahead. This is a referral service.