Mortgages

A mortgage will be the largest credit commitment that you take on, so don’t leave it to chance ensure that you obtain good quality, Independent Mortgage Advice.

Minerva Financial Services operate an advice and recommendation services and we are whole of market, independent mortgage brokers.  We will use our knowledge of the current mortgage market to help you obtain the most appropriate mortgage deal, based on your personal circumstances.

Mortgages we are able to provide:

• First time buyer
• Remortgage
• Next time buyer – home mover
• Shared ownership
• HomeBuy/Keyworker
• Further advance/additional borrowing
• Self Build
• Buy to let*
• Right to Buy**
• Commercial*

Have you heard about the Government initiatives currently available to help house purchasers?

Schemes available:

• New Build HomeBuy
• HomeBuy Direct
• First Time Buyers Initiative
• Rent to HomeBuy
• Intermediate Market Rent
• Armed Forces Home Ownership

Minerva Financial Services are working together with Orbit HomeBuy Agents  who are the Registered Social Landlord for the following areas:

• Bedfordshire, Birmingham, Cambridgeshire, Coventry, Dudley, Herefordshire, Norfolk, Shropshire, Solihull, Staffordshire, Suffolk, Warwickshire, Wolverhampton, Worcestershire

HomeBuy is a range of low-cost home ownership products developed to make home ownership more affordable and to help you get a foot on the property ladder.  Contact us today  for further information on these schemes and the eligibility requirements for them.

Further information that may be of interest:

HomeBuy Overview
HomeBuy Direct Buyers Guide - January 2009
Orbit Bedfordshire & Cambridgeshire Newsletter - Issue 13
Orbit Comparison Table - Property Value £120,000

Advised Vs Non-Advised

Are you aware of the differences between an advised mortgage service and an information only mortgage service?

Most lenders provide an information only service based purely on the products that they provide, they will only tell you about the facts of each product and then leave any decision on which one is most suitable entirely up to you.  They will not explain the benefits and costs between the different products or the implications of taking the particular product, that decision is left to you.

Make sure that you obtain advice from an Independent, Whole of Market, Mortgage Broker such as Minerva Financial Services.  An Independent Mortgage Broker is fully qualified and will look at all the mortgages available from the mortgage market.  The recommendation of the mortgage product will be based on your personal circumstances, your upcoming plans and your aspirations for the future.  By looking at the whole picture we ensure that any recommendation best suits your needs, confirmation of why the particular mortgage was recommended will be provided to you in writing, explaining clearly the reasons and giving you peace of mind and a fully documented explanation of the mortgage product.

In the current climate make sure that you look at all of your options from the whole of the mortgage market and don’t be tied to just information from the bank/lender.

Your independent mortgage broker understands from daily experience how the lending criteria is changing from lender to lender, which mortgage provider is taking longer with applications than others and also if you have unusual circumstances they will be able to tell you which lender is the most appropriate for your circumstances.

All of the above are very important in the current climate as you do not want:

• Your time wasted
• Unnecessary credit searches carried out on you as this can be detrimental
• Money wasted on fees if the application is going to be turned down

Service	Advised	Non-Advised
Personal advice geared to your individual circumstances.
The adviser works for you, the client, not the provider.
The adviser has an in depth knowledge of the market, which can be used to your advantage.
The adviser is objective.
The adviser will take the hassle out of the whole process, making sure what is undertaken is followed through efficiently.
The adviser can offer you insight and guidance on the wide variety of products and services available.
The recommendations will be based on your personal circumstances.
The adviser will explain the process every step of the way.

Minerva Financial Services operates an introduction service for all FSA regulated business, we will be paid a fee by the company the business is introduced is completed by. The fee will depend on the business completed; there is no cost payable by the customer.