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The information on this website is for the use of residents of the United Kingdom only. No representations are made as to whether the information is applicable or available to any other country which may have access to it. The Financial Services Authority does not regulate taxation advice.
Personal Financial Solutions Ltd. is an appointed representative of Openwork Ltd which is authorised and regulated by the Financial Services Authority. Openwork Limited offers insurance and investment advice on products from a limited number of providers and advice on mortgages representative of the whole market.
Personal Financial Solutions Ltd. Registered in England number: 4552963. Registered office: Crown Office, 51 Crown Street, Ipswich, Suffolk, IP1 3JA
Personal Financial Solutions Ltd. is part of the Primedale Group - Directors: Stephen Roper & John Purcell
Phone : 01473 234500 Fax: 01473 232138 Email: advisers@personalfinancialsolutions.co.uk
The complete financial advice package
Personal Financial Solutions Ltd. is a company of financial advisers with a reputation for providing top quality advice and excellent service.
We provide all our clients with professional advice across the whole financial planning spectrum. From mortgage applications to investments, retirement planning, family and business protection, corporate finance, long-term savings and much more.
Our expert consultants are ready to discuss your requirements either over the phone or during a meeting. Then using our professional experience, we will complete an in-depth analysis and guide you towards the most suitable, tax efficient and cost effective solution.
Call us now on 01473 234500 for advice or a quote or simply complete our online enquiry form - we aim to get back to you on the same working day.
Mortgages
Moving home is stressful enough without the added headache of finding your way through the range of mortgage products available. So at Personal Financial Solutions we aim to take the worry away.
Personal Financial Solutions offers a specialist team of professionally qualified, expert mortgage consultants on hand to give you the very best advice possible, to guide you through the important decision you are about to make and to ensure you get the very best deal available.
We work from a very large panel of lenders which is representative of the whole of the market so you know you are getting the right deal for you whether you are a first time buyer, moving home, remortgaging or moving into the buy to let market.
At Personal Financial Solutions we have an excellent track record and we offer ‘whole of market advice’, giving us access to a wide range of lenders and the very best mortgages on the market.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Our Mortgage Services
We aim to provide comprehensive and personal service for clients seeking mortgage deals. From standard mortgages to the complete restructuring of your finances, we put you in control.
First Time Buyers
If you're looking to buy a new home or are a first time buyer, check out our excellent rates and competitive deals.
Re-Mortgaging
Could we get you a better deal than your current mortgage lender? Or do want to release capital from your property?
Buy To Let
If you are thinking of buying a property to let, then mortgages of up to 80% of the property value are available at competitive rates.
Buy to Let mortgages are not regulated by the Financial Services Authority.
First Time Buyers
Many first time buyers are uncertain if they can obtain a mortgage, what the costs involved will be, and what the implications of home ownership can be. This is where we can help by providing full and clear information on the initial and ongoing costs of house purchase, and provide advice on the house buying process.
We have mortgages that that can help the specific needs of the first time buyer, all offered by the major UK lenders.
The choice of pay back schemes is varied, and includes fixed or capped rate mortgages, discounts, tracker and variable rate mortgages.
Multiple Applicants
Not all lenders will consider multiple applicants for a mortgage - we can find a lender that is suitable for you. We can also advise you on the implications of joint mortgages, to prevent difficulties in the future when you decide to sell or move.
Securing a decision on your mortgage
We can get your mortgage agreed in principle before you pay for any valuation, or even before you find a house you want to buy.
Debt Consolidation
Are you finding it difficult to keep up with your finances ?
Are you overwhelmed by all your financial commitments ? - Mortgage repayments, car loans, credit cards, HP on furniture etc.
Why not simplify your finances by combining these expenditures ?
The money you might save every month could provide you with better protection against unemployment or sickness, accelerate your mortgage repayments, or you might even want to invest it in property.
The most common way to consolidate your debts is to re-mortgage or to take out a secured loan.
If a debt consolidation loan could help you, please see the Re-mortgages option above left.
THINK CAREFULLY BEFORE SECURING DEBTS AGAINST YOUR HOME ...
— YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT
Mortgage Factsheet
It is wise to familiarise yourself with the following, before embarking on a mortgage.
Repayment Mortgage
In this instance you will repay the capital sum and the interest over the term of years. This ultimately means that the loan will be repaid at the end of the mortgage term, providing that you maintain payment.
Interest Only Mortgage
With an interest only mortgage, the payments to the lender are for the interest payments only, and the outstanding mortgage remains the same. The capital balance will only be repaid if the mortgage is converted to a repayment basis, or a suitable investment vehicle is set up, or on the sale of the property.
Failing to make suitable arrangements to repay your mortgage where it is an interest only mortgage, can result in the lender repossessing the property, or the client having to re-mortgage for another term of years, finances permitting, to repay the outstanding debt.
It is the responsibility of the client(s) to ensure that a suitable repayment vehicle is in place, should there be not other means to repay the loan at the end of the mortgage. Your home is at risk if you do not ensure that a repayment vehicle or other means of repayment is in place !
Early repayment of a mortgage
Early repayment of a mortgage through changes in personal circumstances such as
- Marital Breakdown
- Loss of income through ill health or unexpected redundancy
-Early surrender of an investment
can have adverse financial consequences. Depending on the particular type of mortgage or investment, the possible consequences should be taken into account when embarking on a mortgage that results in penalties being paid due to early surrender of the mortgage.
Building Insurance
In some instances it may be a requirement that Building Insurance is taken out with the lender. If not, it is the client(s) responsibility to ensure such cover is in place before completion of the new mortgage.
High Percentage Lending Fee
If a high percentage lending fee is payable by the client, the lender may use this fee at its discretion to obtain mortgage indemnity insurance, to act as extra security for its sole benefit.
Your home may be repossessed if you do not keep up repayments on your mortgage
Jargon Buster
Ever wished you could have a Plain English explanation of the all the Jargon your hear ? Well here it is.
Standard Variable Rate
- is the Lenders own rate of interest that they charge on their standard mortgage. This means that your mortgage payments will vary over time in accordance with the changes in the interest rate.
Fixed Rate
- is a period of your mortgage where the payments remain static even if interests change. This means that budgeting during this period is made simpler as payment amounts are stable.
Discounted Rate
- is a mortgage that remains a specified percentage lower than the standard variable rate during the discount period. During this period you can benefit from some savings on your monthly repayments.
Capped Rate
- is a standard variable rate which will not exceed a given specified rate. This means that you can benefit from any reduction in the interest rate but are protected from increases beyond a set level.
Tracker Rate
- is a mortgage that moves directly in line with the Bank of England base rate during the offer period. You would pay less if interest rates fell but more if they increase.
Flexible Mortgage
- can incorporate any of the above rates while at the same time allowing you to reduce your mortgage or to take 'payment holidays' without penalty. They also enable you to re-borrow the money you have paid back so far.
Equity
-is the difference between the value of your property and the amount that you borrowed to buy it. If the house is worth less than you borrowed to buy it you have the dreaded 'negative equity'.
If you have a mortgage for £85,000 but your house is now worth £120,000 you have £35,000 equity. If you want to know more about how you can free the equity from your home click here.
LTV - Loan to Value
- is simply what percentage of the value of the property that is made up of the mortgage.
For example, on a £100,000 property a 90% LTV would mean the lender letting you borrow £90,000.
Stamp Duty
- is a one-off fee charged by the government, on any property purchase over £125,000. It must be paid on completion of your purchase, but does not usually apply to re-mortgages.
The Financial Services Authority
The FSA provides protection for you as a mortgage borrower. It sets out minimum standards which mortgage lenders and intermediaries have to meet. To find out more about the FSA visit their website :- www.fsa.gov.uk
Buying A Property
We all know that buying a property can be an extremely stressful experience but at Personal Financial Solutions we put the focus on making the whole process as smooth as possible. With so many products available we aim to find the right mortgage for you at a price you can afford.
Our specialist team of mortgage advisers will guide you through the options, taking into consideration your circumstances, affordability, the amount of money available for you to borrow and costs associated with your purchase. We will advise you on lending criteria, surveys and property constructions.
We will build a close working relationship with your solicitor to ensure the purchase keeps on track and to extend recommendations beyond your mortgage options where necessary.
We offer ‘whole of market advice’, giving us access to a wide range of lenders and the very best mortgages that are available.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Re-MortgLtd Co Buy to Letages
Many people re-mortgage their property to release cash from the value of their home.
Releasing equity from your Home
Like many people, you have probably noticed house prices have risen dramatically. You may have considered all of the things you could do if only you could unleash the equity in your home.
Re-mortgaging can do this - providing money for any of the following :-
Purchasing a second home
Maybe you would like to use the money tied up in your home to invest in property to provide extra income for the future. You could consider a Buy-to-let mortgage or maybe buying property abroad.
Home Improvements
You may want to improve or adapt your home, which could even further increase the market value of your property. Perhaps a conservatory for summer evenings or modifications for a disabled member of the family, re-mortgaging can help.
Debt Consolidation
Re-mortgaging can allow you to bring all of your outstanding loans together into a more manageable form.
Treating yourself !
A new car, or a Caribbean cruise - you can use the money you release from re-mortgaging for any legal purpose.
Buy To Let
Investing in property with a buy to let mortgage requires specialist advice, as the market is not as straightforward as that of residential mortgages. There are many different lenders and they each have different criteria for you to fulfil in order to borrow on a buy to let basis, from minimum rental income to minimum earnings.
At Personal Financial Solutions we will advise you on the best product for you, taking into consideration the property itself and your earnings, financial and personal situation. We will also ensure you meet the lender’s criteria and will advise on whether we believe the property to be a sound investment.
We offer ‘whole of market advice’, giving us access to a wide range of lenders and the very best buy to let mortgages on the market.
Buy to Let mortgages are not regulated by the Financial Services Authority.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Property Developers
An investment in property is considered by some to be one of the best investments you can make and it can result in considerable returns in income and capital. But stock markets can tumble, interest rates can rise and property prices can crash so it’s certainly not a risk-free investment and it can result in investors losing their home, investment or pension.
So it is important that property developers are fully aware of the risks as well as the rewards and put together a sound financial plan to cover themselves against unfavourable changes in market conditions.
At Personal Financial Solutions our expert team of advisers will talk you through the options, make you fully aware of the risks and assist you in putting in place a strategy that protects your investment if times get bad.
Your property may be repossessed if you do not keep up repayments on your mortgage.
General Insurance
Throughout life it is important to plan against unforeseen circumstances. You may wish to protect your home and your possessions, cover yourself against loss of income through redundancy, sickness or an accident.
Personal Financial Solutions can guide you through a range of products and find the best plan for your particular circumstances.
Protection
Protecting you and your family against the possibility of you not being able to work as a result of an accident, serious illness or even death is something you may want to consider.
There are a number of insurance policies available such as life insurance, critical illness cover and income protection which are designed to help you meet your mortgage repayments or to help your family in the event of your death or serious illness.
At Personal Financial Solutions we will put in place an in-depth analysis of your particular situation and advise on the best protection for you and your family.
Retirement Planning
Saving for your retirement is something we don’t always think about when we’re young but it is important if you want to have adequate funds to fully enjoy your new found freedom!
Personal Financial Solutions have experts in retirement planning, which can be quite a complex process. By reviewing your financial situation, we can help find the right scheme for you according to the amount of income you think you will need in retirement and the amount of money you can afford to set aside right now.
Once your pensions and investments are set up we recommend annual reviews to ensure your savings are on track and performing well.
Estate Planning
Careful Estate Planning is important to ensure that when you die your wealth is distributed according to your wishes and that your loved ones are adequately provided for.
Estate Planning also helps you limit the amount of inheritance tax that your heirs will have to pay. You may be surprised at how much your assets are actually worth as your home, savings and investments, pension and life insurance policies all contribute to your beneficiaries’ tax liability so you may find your loved ones saddled with a large bill.
At Personal Financial Solutions we can help you with every aspect of Estate Planning, from working out your inheritance tax liability to writing your will and setting up trusts.
Will writing is not regulated by the Financial Services Authority.
Savings & Investments
Whatever your circumstances you may be looking at savings and investment opportunities to help you achieve your financial objectives.
Whether you have a lump sum to invest or wish to put away a small amount every month, there are many policies available which can help you plan funding to fit within your lifestyle.
With specific expertise in savings and investments, Personal Financial Solutions can work with you to create a financial plan according to the amount of money you have to invest, whether you require short or long term returns, the amount of risk you are willing to bear and the tax implications of your investment.
With so many options, our specialist consultants can guide you through the products available and recommend the most suitable policy for your individual circumstances.
Commercial Advice
An ever changing economic environment, a shifting of business goals, changes to management, a new company being set up, there are any number of reasons why organisations need sound commercial advice to plan for any eventuality and to ensure the company’s wealth is protected and continues growing.
At Personal Financial Solutions our team of specialist commercial experts will advise you on how best to protect your organisation against unplanned circumstances. We will help you implement, monitor and update your plans in the light of a changing commercial environment to ensure the company’s strong future growth.
Ltd Co Buy to Let
It is now possible for limited companies to obtain buy to let mortgages for the purpose of purchasing an investment property. However, the loans are subject to special conditions regarding businesses, directors and shareholders.
Expert advice in this specialist area is therefore recommended and Personal Financial Solutions can help. Our team of professionals will assess the suitability of the property as an investment and find the best product for your needs and circumstances. We can also assist in off-shore mortgages* and will talk you through the tax advantages for a loan of this kind.
Commercial Mortgages are not regulated by the Financial Services Authority.
* Off-shore mortgages are not part of the Openwork offering, and are offered on our right. Openwork Limited accept no responsibilty for this aspect of our business. These products are not regulated by the Financial Services Authority.
Commercial Finance
The market for commercial finance is very specialist and wide ranging. Different lenders demand different criteria and each application is evaluated and underwritten individually. It is therefore recommended that you seek specialist advice to find the most cost effective and flexible solution for your organisation.
At Personal Financial Solutions, we specialise in commercial finance and give you access to the many schemes available on the market from commercial loans to commercial mortgages. Our finance base is broad and includes specialist lenders and high street banks.
Commercial Finance is not part of the Openwork offering, and is offered on our right. Openwork Limited accept no responsibilty for this aspect of our business. Commercial Finance is not regulated by the Financial Services Authority.
Shareholder Protection
Organisations choose shareholder protection, in the form of life insurance and critical illness cover, to provide financial security in the event of a shareholder’s death or critical illness.
In the event of a shareholder’s death the proceeds from the life insurance plan can be used to buy back the deceased shareholder’s interest in the business, thus keeping the shares within the company whilst paying the beneficiaries their monetary value.
If a shareholder of a joint business becomes critically ill and unable to work, shareholder protection pays a lump sum to the life assured, who is then able to return their interest to the business partner.
At Personal Financial Solutions our specialist business consultants have in-depth knowledge of the products available and can advise you on the type of cover you need, according to your organisational circumstances and help you find the best plan for your business needs. .
Key Person Insurance
Where an individual makes a significant contribution towards a company’s profitability, key person insurance, which must be taken out by the organisation not an individual, can protect against the loss of that individual.
The monetary value of a ‘key person’ is calculated by identifying the contribution to profit provided by the individual and the resultant lost profit the company would incur as a result of their death.
At Personal Financial Solutions, our knowledge of this very specialist area is second to none. Our team of advisers will help measure the value of the ‘key person’ and will guide you to the right product for your business circumstances.
Contact Us
The proper website invites you to complete an enquiry form to send us an e-mail. It asks for :-
First Name: Surname: Partners Name: Home Number: Mobile Number: E-Mail Address:
Enquiry Type: General Enquiry, Mortgages, General Insurance, Protection, Retirement Planning, Savings & Investments, Commercial Advice, Estate Planning
The internet is not a secure medium and the privacy of your data cannot be guaranteed.
The form allows you to tick a box if you do not want your details to be stored on our database, which may then be used for marketing purposes.