Hammond Financial

Is your existing mortgage deal coming to an end?

With the Utility Regulator warning that households will face gas price hikes of at least 30% in the coming weeks...

And the annual rate of inflation of 5.4 percent, the highest since March 1992, it's time to review your financial commitments to see what you could save.

Many of you will be coming to the end of two and five-year mortgage deals, having fixed amid robust property markets in 2017 and 2020.

Similar amounts will have had changes in your lives, which will affect your life and protection insurance policies.

Have you moved recently or had a child?

Or even remortgaged?

These are things that will necessitate a review to ensure you have the correct cover, plus we could even make you some savings 🙌

PLEASE THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE

Cute

An idea worth considering today.

Martin Lewis urges first time buyers to claim their £33,000 to buy a house 🏡

A Lifetime ISA (LISA) can be opened by anyone aged between 18 and 39. You can save up to £4,000 a year in it, towards your first home or retirement, and the state adds a cash bonus of up to £1,000 a year on top 📈

Lifetime ISAs Martin Lewis' guide to the Lifetime ISA which allows 18-39yr olds to save for retirement or a first home and get a 25% bonus.

Love it or hate it this will probably be the quirkiest home you see today 🏡😮

Repayment of Government Help to Buy 🏡

If you have GHTB and are looking to repay you have a few options.

It is important to note the process to repay your help to buy equity loan.

We have attached the link for your information.

If you have a mortgage with GHTB and wish to re mortgage to a new lender or repay it - there is a process to follow.

Ps. You do not HAVE to use the developers broker as they often almost force you to do.

You have the freedom to choose whoever you like to act for you. We highly recommend you get a broker that can work with you for years to come - that cares about your family and protecting your home for years to come!

Repay your Help to Buy: Equity Loan How to fully or partly repay your equity loan - with your own money, when you sell your home or when you remortgage.

Some Monday motivation from Ant Middleton 🤘

"I’d never pretend that acquiring a positive mindset is as simple as just snapping your fingers. I might be a naturally positive person, but I’m not sure I’ve always had a positive mindset. It’s something I’ve built over time, the result both of all the experiences I’ve had and also the concerted energy I’ve invested in training my brain.

The message I spend so much of my life spreading these days is that there’s nobody who can’t do the same if they’re willing to dedicate themselves to it. You can train your brain as easily as you can train any muscle in your body. Have a positive week."

4 in 5 people think that only 80% of claims are paid out.

In fact, despite this common misconception, 98% of UK life insurance claims result in a successful payout.

This comprises a payout rate of 97.4% with regards to term life insurance and 99.99% for whole of life insurance policies.

What can you do with a life insurance payout?

The use of a life insurance payout is solely at the discretion of the beneficiaries.

Typically a life insurance payout is used for:

Mortgage repayment

Covering rising funeral costs

Paying outstanding debts and bills

Meeting ongoing family living costs

Providing an inheritance

Ultimately, the likelihood and process of a life insurance payout vary between insurers, as does the cost of premiums.

To ensure you receive the right cover to meet your needs, at the best price, it's essential to compare quotes from multiple insurers.

We can source these quotes for you - helping you to save time and money.

Get in touch today 💬

Jaw dropping Italian home 😲🇮🇹

The average house price in England is now £270,000 🏡💰

This means if you're a first time buyer you'll need to put down a minimum of a 5% deposit which would be £13,500.

Most lenders will lend you around 4.5x your income.

That means either a single or joint income of around £57,000.

There are, however, some lenders who will lend you up to 7 times your income ✅️

Send us a message today to find out what would be the best option for you 💬

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

Dry January who?😉