Purchasing your first home is an exciting time, but can also be very confusing with the wealth of mortgage products and schemes on the market. Here at Prestige we pride ourselves on guiding first time buyers through the whole process.
Even though this may be your 2nd, 3rd or even 10th purchase it is still sometimes difficult to pick the correct mortgage product, again we guide buyers through the process to make sure all their needs are met.
Perhaps you are coming to the end of a fixed rate, or need to re-finance to raise further funds for home improvements or debt consolidation, which mortgage product do you choose?
We have many clients who return to us again and again for their small or large let property portfolios, either for purchases to add to their portfolio or to re-mortgage their existing properties to better rates or to raise funds. We feel it is a good testament to our service that people return again and again.
If you can’t find your dream home why not build it yourself? Self-build mortgages release the money in stages as the build progresses, usually 5 stages. The initial advance must not be more than 75% of the value of the land or purchase price, whichever is the lower. The remaining balance will be released over 4 more stages.
Life Insurance pays a cash lump sum to your family, or to someone else you’ve nominated, if you die. This can be arranged on a level basis, so the lump sum amount stays the same, or on a decreasing basis, where the lump sum amount decreases in line with your mortgage. Terminal Illness is standard with most Life Protection meaning if a client of ours is diagnosed with an illness and is given 12 months or less to live it pays out immediately upon claim.
Critical illness cover, or serious illness cover, pays a cash lump sum if you are diagnosed with a serious illness, again this can be arranged on a level or decreasing basis. There is a wealth of difference in the conditions covered by providers from 39 serious illness conditions up to 178. Prestige can help you decide which provider is the best for your circumstances. Many providers offer enhanced additional payments now also for that extra reassurance should you be diagnosed with a less severe condition. Children’s Critical Illness is often included as standard also to protect all the family should the worst happen.
It is important to consider your income provision if you are unable to continue your normal duties at work due to ill health. Income protection (PHI) gives peace of mind that should the unfortunate happen, you are able to keep your home and maintain your standard of living as the cover will pay you an income until you recover and are able to return to work. Different benefit times are offered to tailor the cover perfectly to your needs.
Private medical cover is often seen as an expensive luxury, however it can be very reasonably priced and can mean that at a time of worry you have access to medical consultants without having to wait for the NHS.
Key Person Cover is a Life Cover policy taken out by a business on the life of one of its employees or directors. The cover is designed to protect the profits of companies in the event of death or serious illness of one or more of the company’s key employees.
Prestige can help identify the key persons in your company and calculate the type and amount of cover needed.
Shareholder Protection provides a business with a cash lump sum if a business owner/shareholder dies or suffers a severe illness. This lump sum provides capital to enable the surviving business owners/shareholders to purchase the share of the company held by the deceased or ill person – allowing them to keep control of their business.
Group Life cover helps your business not only provide financial support to beneficiaries but also to demonstrate a caring attitude towards your employees. It is seen as being a valued benefit that can help attract and retain staff in a business.
Many companies offer their employees a ‘death in service’ benefit, paying the employee’s family a lump sum if they die while they’re employed. However, this kind of benefit doesn’t suit every company as it’s not normally available to companies with fewer than five employees.
A Group Medical Insurance policy has many benefits for employees and employers. As without its employees, any business will struggle to achieve its objectives. By putting a group PMI policy in place your employees can access medical attention and care faster and hopefully be back to work quicker.
Buildings & Contents Insurance provides you with peace of mind by protecting your home, contents and personal belongings from damage or loss whilst also protecting your legal liabilities as a property owner or occupier. We have a panel of providers and are therefore able to offer the most suitable and best value for money product for your needs.
Landlord’s buildings and contents cover is designed especially for tenanted properties and has different terms to household cover. On this type of cover there is the option to include rent guarantee, to cover your rental income if your tenants do not pay you and also legal cover to help deal with tenants who do not leave the property when asked or leave the property in poor condition.
Paul previously worked with Halifax as a mortgage adviser, during which time he also studied at university and gained his degree in Business and Management Accounts (BA Hons).
In the past Paul has worked in the Construction Industry in various Management Roles and made the logical step from building houses to providing Advice on Mortgages and Protections. Joining Prestige Financial Solutions in 2014 as a Self-Employed Advisor he has helped grow the company in to a Regional Leader, expanding Networks and Relationships with Estate Agents, Accountants and Solicitors. He has built up an impressive list of happy clients who are also referring him to their friends and family. Paul also writes Will’s and Lasting Power of Attorney’s for clients to offer them a comprehensive service.
Outside of work Paul is an avid football supporter going Home and Away and likes to go to the gym and spend time with family and friends. Holidays are his biggest passion, going to different places at every chance when time allows. Paul is also learning to play the Guitar.
The sole founding member of Prestige Mortgages, Paul had been working in a mortgage and protection environment since 2007 but decided it was time to go it alone in 2011, mainly to make sure he could fully service the needs of his clients as an adviser with access to a large and comprehensive panel of lenders and protection providers.
Over the years Paul has built up a thriving business, with all his clients passing on glowing reviews and referring him to friends and family for their mortgage and protection needs to be cared for as much as theirs.
Outside of work Paul is kept busy by his young family, and currently helps coach his son’s Football Team. Watching Film’s and socialising are big parts of Paul’s life out of work.