Pensions and Private Finance > Mortgages

Independent mortgage advice, helping you to save money

One of the biggest outgoings you are likely to have is the monthly cost of buying your home. But how do you know you have got a competitive deal? Truestone provides a mortgage service that specialises in finding out whether you could be saving money each month on your mortgage repayments.

The amount you are charged each month for your mortgage will vary from company to company and will depend on the interest rate that they are prepared to offer you. The difference between the best and the worst interest rates available on the market at any one time can be substantial.

For example on a £150,000 loan to be re-paid over 25 years you could find that difference works out to be as much as £250 every month or put another way over £3,000 a year after tax. That is why it makes sense to get a review of your mortgage on a regular basis.

Independent advice

One of the great advantages of the service you receive from Truestone Private Finance is that it is totally independent. That means it is not limited to recommending loans from just a few financial companies. It is able to search the whole of the loan market to find the right mortgage and the right lender for you. Their consultants are required to understand the merits or otherwise of the mortgage loans available across the whole of the UK lending market. This makes them extremely knowledgeable and better able to help you with complex finance requirements as well as more standard mortgage arrangements.

Taking the hassle out of mortgages

Taking out a new mortgage or just changing your existing loan is a major commitment which should not be taken lightly. It’s good to know that the Truestone team have the expertise not only to find you the right loan but also to make the whole mortgage process as hassle free as possible right through to completion. You will be given:

• A dedicated mortgage administrator to answer your questions and keep everything on track
• Assistance with handling paperwork
• Regular updates on the progress of your new loan

To ensure they fully understand all your requirements, they are happy to meet up with you in person at your convenience. Truestone feels that this is a valuable exercise allowing you to meet the person who will be working on your behalf. Alternatively if you prefer they can provide advice to you over the phone and through the post.

Investment property finance including buy-to-let

Whether it is speed of decision or the best price you want, Truestone Private Finance has the right connections and research available to meet your needs.

Residential mortgage borrowing

No two financial situations are the same, so it is vital that Truestone really understands your needs before using their purchasing power to find the right loan to suit you. Truestone offers a very personal service to make sure that you get the right mortgage out of the thousands that are available.

Second or multiple property financing

Purchasing a second property is a big step and the range of finance options can be bewildering. Truestone will optimise the mix of finance between your main home and additional property.

Tax and pension considerations can often play a significant part in the process and Truestone has in-house expertise in these areas as well as access to a range of leading professionals who can advise on particularly complicated cases.

Loans for short leasehold properties

If you are buying in London you might find that your dream property has a short lease, so in effect you are paying an up-front rent rather than buying a capital asset. However in certain circumstances, you can legally extend the lease once you are the owner. Raising finance for the initial purchase and lease extension, known as ‘enfranchisement’, is a specialist area in which Truestone has considerable knowledge.

Overseas property purchase

Truestone has expertise in structuring finance to buy holiday homes and overseas properties. It works with many offshore banks and has great experience advising on the right mix of finance, being mindful of currency movement and interest rate exposure. It also has access to managed multi-currency mortgages where City experts use the foreign exchange markets to effect capital reductions to your mortgage.

Bridging finance

Clients often find just the right home before they have sold their existing one. Subject to overall circumstances Truestone can help speedily finance the new home ahead of the sale of the old one.

Socially responsible lending

If you wish to borrow from lenders with ethical policies or you would prefer to consider those that are developing a ‘green’ approach to business Truestone can help you through their network of socially responsible contacts.

As you would expect, Truestone also offers access to a wide range of insurance policies to provide you with the protection that you require.

Find out more by calling John Breen on:
0845 362 8425
or email john.breen@truestone.co.uk

Truestone Asset Management is Authorised and Regulated by the Financial Services Authority

The Financial Services Authority does not regulate second or multiple property financing, offshore finance, borrowing in a company name or trust, commercial and development finance and some forms of investment property finance including buy to let and loans for short term leasehold properties.

Changes in the exchange rate may increase the sterling equivalent of your debt. There will be a fee for mortgage advice. The precise amount will depend upon your circumstances but we estimate that it will usually be £395.

Your home may be repossessed if you do not keep up repayments on your mortgage