Navigating the complexities of financial planning can be a daunting task, particularly when it comes to protecting yourself and your loved ones against critical illnesses. At FutureBuild Finance, we understand the importance of preparing for the unexpected. That’s why our team of experienced financial advisers is dedicated to providing comprehensive guidance on Critical Illness Insurance tailored to your individual needs.
Critical Illness Insurance offers a vital safety net, providing a lump sum payment in the event of diagnosis with a serious medical condition covered by your policy. This financial support can alleviate the strain of medical expenses, mortgage payments, or other financial obligations, allowing you to focus on recovery without worrying about the financial impact on your family’s future.
When considering Critical Illness Insurance, it’s essential to carefully evaluate your coverage needs. Our advisers will conduct a thorough assessment of your financial situation, lifestyle, and family circumstances to determine the appropriate level of protection. We’ll guide you through the various policy options available, explaining the benefits and limitations of each, so you can make informed decisions with confidence.
Furthermore, reviewing your Critical Illness Insurance regularly is crucial to ensure that your coverage remains adequate as your circumstances change over time. Our advisers are here to provide ongoing support, helping you adjust your policy as needed to accommodate life events such as marriage, childbirth, or changes in employment. With Future Build Finance, you can rest assured that your financial future is in capable hands, giving you peace of mind and security for whatever lies ahead.
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Mortgage lenders each have their own unique criteria when considering mortgage offers and loan amounts. Key factors include the desired loan amount, deposit size, employment status, income, credit score, monthly expenses, existing debts, age, mortgage term, credit history, and whether you’re applying individually or jointly. To secure approval, you must demonstrate your ability to repay the mortgage, typically assessed through your credit report. This comprehensive report covers various financial aspects like credit card usage, loans, overdrafts, mortgage history, utility payments, and accounts opened within the last six years. If you have a history of arrears, defaults, CCJs, debt management plans, or bankruptcy, specialized mortgage options are available, and we’re here to assist you in exploring them.
To secure a mortgage, it’s crucial to amass a deposit of at least 5%, although a larger sum often results in more favorable interest rates. For existing homeowners, leveraging property equity can serve as a viable means to bolster the deposit. Our seasoned mortgage advisors can elucidate the benefits and potential impact on monthly payments should you choose to increase your deposit. Once you’ve pinpointed your desired property, our advisors meticulously assess your unique needs and financial circumstances, recommending a tailored mortgage product. They sift through a plethora of mortgage quotes, including exclusive offerings not readily available through conventional channels or comparison platforms, ensuring you secure the most advantageous deal. Upon selecting a suitable mortgage product, an initial fee is incurred to procure your Agreement in Principle (AIP), furnishing an estimated borrowing amount from the lender and empowering you to proceed with an offer on your chosen property. If your offer is accepted, we facilitate the engagement of a solicitor to oversee searches, surveys, and contracts, streamlining the entire mortgage application process from inception to completion, and ensuring a seamless outcome. For those contemplating remortgaging, we recommend initiating the search for a new deal approximately three months prior to the expiration of your existing arrangement, affording ample time to evaluate available options and submit your application. Should your mortgage be approved ahead of schedule, rest assured we’ll synchronize the completion date with the expiration of your current deal, mitigating any undue stress.
Securing approval for a mortgage application relies on collaboration between you, your mortgage advisor, solicitor, and lender. At FutureBuild Finance, we streamline the entire process on your behalf, from initiation to completion. We facilitate seamless communication with your solicitor and lender, alleviating stress and hassle to ensure a successful outcome. Moreover, having all pertinent mortgage documentation readily available for your mortgage advisor expedites the process further.
Even with a history of bad credit, such as arrears, defaults, County Court Judgements (CCJs), debt management plans, or bankruptcy, there are still mortgage options accessible to you. However, your selection of mortgage lenders and types will be somewhat restricted, and you can anticipate higher interest rates compared to those with a favorable credit history. Fortunately, our adept mortgage advisors maintain regular communication with lenders specialising in adverse credit situations, enabling them to provide comprehensive guidance on all available options tailored to your circumstances.
