FAQs
  • What is a mortgage?

    A mortgage is a loan taken out to buy a property or land. The loan is secured against the value of your home until it is paid off. 

    If you cannot keep up your repayments, the lender can repossess your home and sell it so they get their money back. 


  • How much deposit do I require?

    The minimum deposit required is 5%. By reaching 10%, or beyond, you will find that your options greatly improve, alongside the interest rate offered. There may also be minimum deposit requirements if you are purchasing a flat, which we can advise. 

  • I have poor credit, can you help me?
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  • What is a credit score?

    This is a score that we all have and is based on how we have conducted our finances over the preceding six years and is used by Financial Services companies to assess our credit worthiness. 

    You can improve your score by proving that you can repay debt and cope with any credit commitment you have, such as loans and credit cards and by paying things like mobile phone bills and utility bills on time.  Also, it helps to be on the electoral role.


  • What if I have been rejected for a mortgage?

    We deal frequently with those who mat have had a mortgage already refused. Due to the scope of our access, it is likely that we can find an alternative option that turns your negative into a positive. The key is understanding why your mortgage failed in the first place. 

  • How much can I borrow?

    This depends on a thorough review of your income and committed expenditure. Lenders will want to see proof of your income and certain expenditure and if you have any debts. We can see how much you can borrow by using an affordability calculator, which is part of our overall process of obtaining a mortgage.

  • What is life insurance?

    Life insurance helps to protect your loved ones financially in the event of your death. Life Insurance is designed to pay out a cash sum if you die or are diagnosed with a terminal illness during the length of the policy.

    It could be used to help pay the mortgage or help protect the family's lifestyle and everyday living expenses. Life insurance is sometimes referred to as life assurance or level term assurance.


  • How much does Life Insurance cost?

    Life insurance costs vary according to how much cover you need, your age, and other factors such as your health history. 

    If you have a history of smoking, this can also increase your life insurance costs as the risk of death is greater. Lifestyle factors such as dangerous jobs and hazardous hobbies are also taken in to consideration.

    Does your life insurance pay out stay the same no matter when you die?

    This depends on the life insurance policy you buy. If you buy level term insurance, the pay-out is the same whether you die in year one or in the 25th year.

    Decreasing term insurance is a cheaper option, because the pay-out gradually becomes smaller over the years. This type of decreasing level policy is often linked to repayment mortgages because the amount you owe the lender also decreases over time.  


  • Can I still take out life insurance if I have a pre-existing condition?

    In truth, it can be difficult to find affordable life insurance if you have a pre-existing medical condition, especially a serious one.

    Some insurers will just turn you down outright, while others might exclude the condition itself. For example, if you had diabetes you might find yourself with a policy which wouldn’t pay out if you died from the disease.

    You would be covered if your death was not related to your condition, or could be proven not to be.

    Nevertheless, there are a number of specialists who offer life insurance to those with pre-existing conditions, but you must be prepared to pay higher premiums because of the high risk of a claim.


  • Can I insure my partner?

    Many couples take out joint life insurance, due to convenience and the fact it is normally cheaper.

    It is worth noting that joint life insurance normally only pays out once, at the first death, and leaves the surviving partner without insurance.

    When the survivor wishes to take out new insurance, the premiums are likely to be higher, because the person will be older and/or in a worse state of health.


  • Can I make changes to my policy?

    While you can usually make amendments to your life insurance policy, it might result in higher premiums.

    You should also keep your insurer up to date with any changes in circumstance or you might invalidate the cover.

    In fact, you should regularly review your policy to make any changes you might need, such as marriage, a new home or a new addition to the family.


  • Are there any common exclusions?

    Always read the small print of any life insurance policy to understand the level of cover and the exclusions.

    Most insurers will not pay out if you die as a result of alcohol abuse, suicide or a drug-related death.

    It is also difficult to get cover for a pre-existing medical condition, or if you die as a result of a dangerous sport or hobby.


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