OUR SOLUTIONS

We can provide advice and guidance on all of our solutions

By providing you with all of the information you need on our solutions, this will give you a full and complete picture of your financial options so you can make a choice that suits you for your future


Mortgages

Further Information on our Mortgages

The mortgage market is a complex area. At any one time there may be many hundreds of different mortgage options, only some of which will meet your needs.

  • First Time Buyers
  • Moving Home
  • Re Mortgages
  • Buy to Let

Mortgage planning can often be confusing and understanding the fine print needs a trained and qualified eye. You can depend on the experienced and certified mortgage advice from Housemartin Mortgages to help you with expert and fully independent advice on the mortgage marketplace.

We have many years of experience in the industry and always go to great lengths to ensure that your mortgage scheme best suits your financial needs. We can offer personal and specialised solutions for re-mortgaging issues as well. If you are looking for not just advice but a reliable adviser to help advise on your new mortgage, from start-to-finish, then you're in the right place!

Our fees and charges vary depending on the services we provide to you. We typically charge a fee of £295 payable upon completion but chargeable upon production of mortgage offer.

We are unable to provide you with advice on commercial mortgages. However, we can introduce you to an authorised and regulated Financial Adviser who can provide you with specialist advice.

The Financial Conduct Authority does not regulate most Buy to Let Mortgages

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


Protection

Further Information on our Protection Products

These days, for people of working age, good health is the normal state, and few people consider what would happen if, due to ill health, their career was interrupted or even stopped.

  • Life Insurance
  • Critical Illness Protection
  • Income Replacement Protection
  • Building and Contents Insurance
  • Mortgage Payment Protection Insurance

For buildings & contents insurance and mortgage payment protection insurance we offer products from a selected panel of providers.

HouseMartin Mortgages Ltd act as a credit broker not a lender for Buildings & Contents insurance


Equity Release

Further Information on Equity Release

Equity release is a financial product for people aged 55 to 95 which allows you to release some of the cash (equity) tied up in the value of your home. The money released, which can be spent however you like, can be taken as a single lump sum or more than once in smaller amounts, following an initial lump sum. To release equity from your home, you need to get expert advice from a qualified equity release adviser, which is where we can help

Equity can be released from your home with either a lifetime mortgage or a home reversion scheme. The most popular type of equity release is a lifetime mortgage, which is a loan secured against your home where you retain full ownership of your property.

An equity release product will reduce the value of your estate, will not be suitable for everyone and may affect your entitlement to state benefits. To understand the features and risks please ask for a personalised illustration.

A lifetime mortgage will reduce the value of your estate, will not be suitable for everyone and may affect your entitlement to state benefit this is a lifetime mortgage. to understand the features and risks, ask for a personalised illustration.

See how much equity you could release

The amount you can release depends on your age, how much your house is worth and your health and lifestyle. If you’re aged 55 to 95 and own a home worth at least £70,000 of a standard construction, please contact us to find out how much you could release.

Generally, the older you are and the higher the value of your home, the more equity you can release, which is tax-free cash available to spend on a better retirement.

Finding a suitable plan

In recent years, equity release has become increasingly popular and much more accessible, with an increasing number of plans and features which can be tailored to meet customer needs.

All equity release plans aren’t the same; we work with you to understand what’s important to you when thinking of releasing equity, and help find the most suitable plan for you. We recommend Equity Release Council approved plans which come with a no negative equity guarantee. This means you can never owe more than the value of your home, and therefore won't risk leaving your loved ones with additional debt to repay.

There are also plans available that allow you to protect a percentage of your home’s future value so that you can guarantee an inheritance. Other features include paying monthly interest and drawdown facilities. If any of these features are important to you, make sure you tell your adviser that you'd like your plan to include them.


Retirement Interest Only Mortgages

Further Information on Retirement Interest Only Mortgages

With no set end date, RIO is a flexible option which can be used to meet a wide range of later life needs. That might include, for example:

  • Getting round to those home improvements you’ve been putting off
  • Giving your children or grandchildren a helping hand on to the property ladder
  • Enhancing your income to support your lifestyle in retirement

You’ll need to make monthly payments for the life of the mortgage, which will consist only of interest on the total amount you’ve borrowed. We’ll assess your ability to do this based on your current income and future income in retirement.

The balance will then be paid back when you experience what’s referred to as a ‘life event’, such as:

  • Death
  • Moving into long-term care
  • Using another property as your main residential home
  • Sale of the property, without transferring the loan

Where are joint borrowers, this will be triggered by the surviving borrower or last borrower living in the home experiencing the life event.