Buying a home is one of the biggest commitments you will ever make and it's a fact that in Britain today there is a shortage of homes and property has never been more expensive. There are challenges for homeowners and new buyers alike.
Many first time buyers struggle to afford a home or save a deposit.
Many homeowners have considerable equity in their homes and would dearly love to help their children to get on to the property ladder but often their wealth is tied up in their own homes.
That's where Family First Finance comes in. We offer offer advice on a range of specialist products, often available from high street lenders, to help families buy property together.
This can be in the form of using a sponsor or parent's income to increase an applicant's borrowing power or accessing equity in their home to use in lieu of a deposit or to get a lower rate of interest on their mortgage. We also understand that people's circumstances change over time too and we have access to a range of solutions that can help during these times.
About Family First Finance
We give whole of market advice to recommend the most suitable mortgage for you; explaining the different types and how the process works but recognising that sometimes specialist solutions are needed.
We do the research on your behalf and complete all the paperwork to give you more time doing the things you like. Our process is fast and efficient, offering whole of market access for first time buyers, home movers, remortgage customers, buy to let and those looking to release equity from their homes. We can introduce you to specialist 3rd party experts to who can arrange commercial mortgages, bridging finance and second charge loans. We are also used to dealing with multiple parties and we work hard to ensure excellent communications throughout the process. At Family First Finance, we put families first.
As well as receiving commission from providers, Family First Finance may charge a fee for our services. These will be clearly outlined in our terms of business and a fee agreement document at the outset but are likely to be as follows:-
Residential Mortgage and Buy To Let Advice
We will not charge a fee for an initial consultation but we do charge a flat fee of £395 on standard residential and buy to let mortgages if we successfully obtain a formal offer for you. This will be reduced to £295 if you complete your fact find details online using the electronic fact find on our secure portal. If we don’t get you your offer then there is no fee. N.B. A higher fee applies to complex cases e.g. for cases involving adverse credit, overseas applications or portfolio buy to let cases.
Equity Release and Retirement Interest Only Mortgages
We will not charge a fee for an initial consultation but we do charge a flat fee of £995 on completion of any application.
Protection and General Insurance
We do not charge a fee for arranging protection and general insurance products.
3rd Party Specialist Referrals
In some circumstances we may refer customers to specialist third party advisers and may receive and introducer fee or share of any commission that adviser receives. This will include bridging, commercial and second charge loan applications. We may at our discretion charge a fee as well. Any such fee will be discussed at the time and will vary according the nature of the application and any work we are required to undertake as well.
Family First Finance is run by Edward Payne.
I have over twenty years of experience in senior roles with a range of well known financial services brands including Halifax, Yorkshire Building Society, Bank of Ireland and Friends Life.
I will use all of my experience and contacts to give you the best possible advice and the best possible service.
As well as being a fully qualified mortgage adviser I am a also a law graduate and will ensure that my broad skills and experience are used to consider all aspects of your personal circumstances and the market when advising you.
Family is everything to me and I will make sure that I am able to advise you and your family on the best options and the best solution for your needs.