Whitebridge Financial Services

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Mortgages

Is your mortgage the right option for you?

We offer whole of market advice on mortgages

Think carefully before securing your debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

Some Buy to Let Mortgages are not regulated by the Financial Conduct Authority 

The Mortgage Market is Complex

There are thousands of products to choose from and following changes to the way lenders assess loan applications, the process can be time consuming and confusing. So how can you make sure you pick the right option for you?

It’s a daunting process if you’re doing it alone.

So why not let us help?

We are professionals. We have the tools, market knowledge and access to exclusive products through our network Quilter Financial Planning.

Whitebridge can help with the following services:

  • Re-mortgages
  • Home Movers
  • First Time Buyers
  • Buy to Let Mortgages
  • Help to Buy Schemes
  • Debt Consolidation
  • Bridging Finance
  • Secured Loans
  • Expat Mortgages
  • Commercial Loans
  • Development Finance
  • Foreign National Mortgages

Other borrowing needs such as Bridging Finance, Secured Loans, Development Finance, Commercial Loans, Expat / Foreign National Mortgages are available by referral to a master broker.

New Home Purchase

New Home Purchase

Here to help you

Buying your first or next hoe can be stressful. There are many questions you will need to ask yourself regarding your choice of property.

Then come the mortgage related ones such as:

  • How much will it cost?
  • Can I afford it?
  • How much deposit will I need?
  • What type of mortgage do I want?
  • Will I get a mortgage?

The home loan market is complex. There are so many different mortgages to choose from.

So it’s good to know that, as your adviser, we are on hand to answer your questions. We will help you with the tricky process of not only getting a mortgage, but getting the right mortgage.

We take pride in offering a personal service that takes into account your individual circumstances. Your financial situation is unique, so we work hard to understand your goals and aspirations, and make financial recommendations based on a comprehensive and detailed analysis of your needs.

Here to help you

Buying your first or next hoe can be stressful. There are many questions you will need to ask yourself regarding your choice of property.

Then come the mortgage related ones such as:

  • How much will it cost?
  • Can I afford it?
  • How much deposit will I need?
  • What type of mortgage do I want?
  • Will I get a mortgage?

The home loan market is complex. There are so many different mortgages to choose from.

So it’s good to know that, as your adviser, we are on hand to answer your questions. We will help you with the tricky process of not only getting a mortgage, but getting the right mortgage.

We take pride in offering a personal service that takes into account your individual circumstances. Your financial situation is unique, so we work hard to understand your goals and aspirations, and make financial recommendations based on a comprehensive and detailed analysis of your needs.

Remortgage

Remortgage

Remortgaging Your Property

The remortgage market is complex. There are many different mortgages to choose from.

So it’s good to know that, as your adviser, we are on hand to answer your questions. We will help you with the tricky process of not only getting a mortgage, but getting the right mortgage.

We take pride in offering a personal service that takes into account your individual circumstances. Your financial situation is unique, so we work hard to understand your goals and aspirations, and make financial recommendations based on a comprehensive and detailed analysis of your needs.

our role is to:

  • Ensure you do not waste money unnecessarily by paying a higher monthly amount than you need to for your borrowings
  • Save you time and effort by choosing the most appropriate solution
  • Stop you missing out on the most cost effective way of arranging your loan.

Why Remortgage?

Many borrowers choose to review their mortgage every few years in order to take advantage of the new rates on offer. Those that remain on the same deal for the full term of their loan could lose out by paying more money than they need to. They could also miss out on the chance to finish their mortgage term earlier than originally planned.

THE CORE REASONS TO CONSIDER REMORTGAGING ARE:

To avoid moving home

It can be more convenient and cost effective to enhance your existing property, rather than move home. This can be financed by remortgaging or a further advance.

To not lose money unnecessarily

When you took out your current loan, there will have been features that made it competitive and attractive to you. It may be that your incentive period is coming to an end, or simply that the market has changed. 

This could allow you to save money on your monthly repayments, or to repay your mortgage sooner. If your current lender doesn’t offer better rates or greater flexibility on its other products, you may want to consider switching your mortgage to another lender. You may be better off doing so, even if this triggers early repayment charges payable to your existing lender, as this could still mean a net saving to you.

To get a lump sum for a special cause

You may have a wedding or education fees to fund. If your property value has risen, you could release some of the equity to help towards this.

To consolidate debts

Remortgaging can allow you to release some of the value you hold in your home and consolidate other debts that can attract higher rates of interest than that of your mortgage (e.g. credit cards).

 

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

While debt consolidation often reduces the amount of repayments, making them more affordable, it will normally involve extending the term over which you repay the debt(s), which often results in you paying more for the debt in total. 

Remortgaging Your Property

The remortgage market is complex. There are many different mortgages to choose from.

So it’s good to know that, as your adviser, we are on hand to answer your questions. We will help you with the tricky process of not only getting a mortgage, but getting the right mortgage.

We take pride in offering a personal service that takes into account your individual circumstances. Your financial situation is unique, so we work hard to understand your goals and aspirations, and make financial recommendations based on a comprehensive and detailed analysis of your needs.

our role is to:

  • Ensure you do not waste money unnecessarily by paying a higher monthly amount than you need to for your borrowings
  • Save you time and effort by choosing the most appropriate solution
  • Stop you missing out on the most cost effective way of arranging your loan.

Why Remortgage?

Many borrowers choose to review their mortgage every few years in order to take advantage of the new rates on offer. Those that remain on the same deal for the full term of their loan could lose out by paying more money than they need to. They could also miss out on the chance to finish their mortgage term earlier than originally planned.

THE CORE REASONS TO CONSIDER REMORTGAGING ARE:

To avoid moving home

It can be more convenient and cost effective to enhance your existing property, rather than move home. This can be financed by remortgaging or a further advance.

To not lose money unnecessarily

When you took out your current loan, there will have been features that made it competitive and attractive to you. It may be that your incentive period is coming to an end, or simply that the market has changed. 

This could allow you to save money on your monthly repayments, or to repay your mortgage sooner. If your current lender doesn’t offer better rates or greater flexibility on its other products, you may want to consider switching your mortgage to another lender. You may be better off doing so, even if this triggers early repayment charges payable to your existing lender, as this could still mean a net saving to you.

To get a lump sum for a special cause

You may have a wedding or education fees to fund. If your property value has risen, you could release some of the equity to help towards this.

To consolidate debts

Remortgaging can allow you to release some of the value you hold in your home and consolidate other debts that can attract higher rates of interest than that of your mortgage (e.g. credit cards).

 

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

While debt consolidation often reduces the amount of repayments, making them more affordable, it will normally involve extending the term over which you repay the debt(s), which often results in you paying more for the debt in total. 

Buy to Let

Buy to let

Here to help you

Buying your first or next investment property can be a daunting prospect. There are many questions you will need to ask yourself.

Then come the mortgage related ones such as:

  • How much will it cost?
  • What return will I get?
  • Can I afford it?
  • How much deposit will I need?
  • What type of mortgage do I want?
  • Will I get a mortgage?

The buy-to-let market is complex. There are so many different mortgages to choose from.

So it’s good to know that, as your adviser, we are on hand to answer your questions. We will help you with the tricky process of not only getting a mortgage, but getting the right mortgage.

We take pride in offering a personal service that takes into account your individual circumstances. Your financial situation is unique, so we work hard to understand your goals and aspirations, and make financial recommendations based on a comprehensive and detailed analysis of your needs.

Here to help you

Buying your first or next investment property can be a daunting prospect. There are many questions you will need to ask yourself.

Then come the mortgage related ones such as:

  • How much will it cost?
  • What return will I get?
  • Can I afford it?
  • How much deposit will I need?
  • What type of mortgage do I want?
  • Will I get a mortgage?

The buy-to-let market is complex. There are so many different mortgages to choose from.

So it’s good to know that, as your adviser, we are on hand to answer your questions. We will help you with the tricky process of not only getting a mortgage, but getting the right mortgage.

We take pride in offering a personal service that takes into account your individual circumstances. Your financial situation is unique, so we work hard to understand your goals and aspirations, and make financial recommendations based on a comprehensive and detailed analysis of your needs.

Our role is to:

  • Ensure you do not waste money unnecessarily by paying a higher monthly amount than you need to for your borrowings
  • Save you time and effort by choosing the most appropriate solution
  • Stop you missing out on the most cost effective way of arranging your loan.

Some Buy to Let Mortgages are not regulated by the Financial Conduct Authority.

Debt Consolidation

Debt Consolidation

Don’t pay more than you need to for your debts.

Understanding Debt Consolidation

If you’re paying out for a number of different loans or credit cards, debt consolidation could save you money every month in interest. And with just one regular monthly payment, it could make budgeting a lot easier.

Although your debts won’t go away immediately...

Consolidating them could possibly reduce your monthly outgoings and help you better manage your money as long as you can afford the new repayments.

If cost of the proposed new arrangement is less than the existing one, it clearly makes sense to consider it.

Finding the right debt consolidation option for you

Debt consolidation could mean…

Taking out a new secured loan; OR even remortgage to repay all, or some, outstanding debts such as:

  • Credit cards
  • Store cards
  • Personal loans
  • Car loans
  • Secured loans (etc.)

 

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

 

While debt consolidation often reduces the amount of repayments, making them more affordable, it will normally involve extending the term over which you repay the debt(s), which often results in you paying more for the debt in total.  

 

Secured Loans are available by referral to a master broker. 

Which one is right?

There are different options to choose from if you are looking to consolidate debts, so we always recommend doing plenty of research before applying for any option to make sure you secure the best possible deal.

So why not let us help?

We’re professionals. We have the tools, market knowledge and access to exclusive products through our network Quilter Financial Planning.

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

While debt consolidation often reduces the amount of repayments, making them more affordable, it will normally involve extending the term over which you repay the debt(s), which often results in you paying more for the debt in total.  

Secured Loans are available by referral to a master broker. 

Step by Step Process

Purchase & Remortgage: Step-by-step process

Client Contact with Adviser
  1. Initial Discussion with Adviser on the phone.
  2. Email / post all documents** to Adviser — see “Document Checklist”.
  3. Document will be analysed by the Whitebridge FS team.
  4. Face to Face / 2nd Telephone Appointment with Adviser to discuss complete requirements.
  5. Terms of Business, Authority to Proceed and Privacy policy to be signed by clients on DocuSign.
  6. Pay the Initial Fees, as agreed with the Adviser.
Adviser checks & Research
  1. Automated identity check and Anti-Money Laundering checks (URU).
  2. Whole of Market mortgage research (See “How we add Value” document.
  3. Bespoke Mortgage, Protection & General Insurance options prepared.
  4. Face to face meeting / Zoom / Telephone discussion to discuss the recommendations and discuss next steps.
Adviser working with Lender/Valuation
  1. Affordability checks and Decision in Principle completed (can be provided sooner if required).
  2. Full Application(s) submitted for Mortgage / Building insurance / Life insurance etc.
  3. Additional forms signed if needed (Declarations, Direct Debit  Mandates etc.)
  4. Copy of Illustrations/Suitability Letter/Lender Literature /Product list from research provided.
  5. Any applicable Lender fees payable — (for e.g. product fees / application fees / valuation fees).
  6. Income and Expenditure checks plus Valuation report to be reviewed by Underwriter.
  7. Once all requirements are satisfied, Mortgage Offer issued by lender.
  8. Final Adviser fees payable by on production of mortgage offer.
  9. Mortgage and Protection review scheduled for 12 / 24 months.
  10. Relevant insurances to be re-confirmed and set up by Adviser i.e. life cover, home insurance etc.
Case managed between Solicitor & Client
  1. Copy of Mortgage Offer Sent to solicitor and client.
  2. Checks on property, registration, title deeds etc. completed by solicitors.
  3. Proof of deposit to be verified (important to discuss this from the beginning with your solicitor).
  4. Completion date confirmed (normally 2-4 weeks after “Offer” received).
  5. GET THE KEYS / REMORTGAGE COMPLETED

Please note

Paying all fees and providing all documents is essential to getting Mortgage Offer quickly.

While this is a very structured process, please be aware that there are things that can delay progress that are outside of our control (e.g. property not valuing to the levels expected, deposit proof not accepted / income proof not accepted etc.)

How We Add Value

Click on each button to read more

Step 1: Everything starts with you

STEP 1

Everything starts with you

Understand your objectives and goals. 

Find out about your circumstances and preferences

Discuss your financial and estate planning requirements.

We do this by completing the “Financial Planning Fact Find” form, checking your credit file, and collecting all relevant documents.

We now prepare a summary of what lenders would see as strong points in your application as well as a list of potential challenges. 

Step 2: Save time and money

STEP 2

Save time and money by focussing on lenders and providers whose underwriting criteria will accept you.

This also avoids unnecessary credit checks that can leave unhelpful “footprints” on your credit history.

Carefully using the “soft” and “hard” footprints options available from lenders.

After completing the Fact Find, it is very common to hear clients saying “XXXX lenders are offering a certain rate and we would like to get that”. For whatever reason, you may not qualify for this lender or product and this is sometimes where the problem lies, a problem which can lead to disappointment as well as unnecessary costs.

So, what do we do differently?

We are professionals. We have the tools, expert knowledge at our disposal and access to exclusive mortgage products that you will not get if you approach the same lender directly.

A) TriGold

For us Step 2 is not looking at interest rates but it is about presenting your case to lenders that are from “Whole of Market”. As an example, imagine entering a large “auditorium” where Business Managers that represent all these lenders are seated.

 

We represent your case and start by asking the first question to them, “Who is interested in lending money to our client(s)”?

 

At this point, it is expected that all the lenders will raise their hands thereby showing interest in doing business.

 

We now present all the strong points and challenges from your “Fact Find” such as nationality, annual income, level of debts, deposit, credit history, type of property etc.

 

This is where we start to see several hands of the lender representative’s start to come down. What this means is that even though some of those lenders were offering what looked like an exceptional deal in the first instance, they were never going to accept your application in the first place!

 

Our target is to only focus on the lenders that are willing to consider your application when we apply.

 

The “Auditorium” used in the above example is a hi-tech and  up-to-the-minute technology we use called TRIGOLD. This gets updated every time a lender updates their lending proposition and criteria, which normally becomes our starting point of research.

B) Quilter’s Team of Mortgage Experts

We have access to a team of mortgage experts, who specialise in the mortgage market and help us in filtering the vast amount of information that comes from lenders daily into easily understandable documents.  This enables us to further shorten the options list as well as overcome potential hiccups later in the process.

C) Dedicated Intermediary Tools and Business Development Managers

Next, we match your circumstances and objectives with the criteria of the top 3–5 lenders that we have short-listed for you. This is done either on a lender’s dedicated intermediaries’ website or a pre-case checking session with a Business Development Manager that we have access to, which helps in making sure everything will run smoothly once the application is submitted.

D) Adviser’s knowledge and experience

Lastly and most importantly, you have access to your own Adviser’s knowledge and experience.

After working in financial services for over 35 years, we have gained a comprehensive understanding of the company culture and application processes that the lenders require.

Through our experience, we have also learned to effectively deal with the various challenges that comes with the underwriting of mortgage applications.  

Step 3: Once we have the final list of lenders:

STEP 3

Once we have the final list of lenders:

  1. We now help you decide on the correct deposit and therefore the Loan to Value.
  2. Find out the right interest rate.
  3. Understand between the “Fee” and “No Fee” option.
  4. Help you understand the different Fees and Charges that can sometimes make a slightly higher interest rate option better (Understand APRC i.e. the True Cost of the option selected) in comparison to a Lower / No fee option.
Step 4: Submitting the application

STEP 4

Submitting the application

We present your documents in a way that different lenders prefer e.g. some lenders like to have notes about payslips, credits, and debits of your bank statements and how the deposit was accumulated. 

If this is not done, then once the case reaches the underwriter’s desk e.g. after potentially 4–6 days after an application has been submitted it will then be sent to the back of the queue until you have provided the correct documents and details in the correct format. 

We speed up the process by preparing the correct relevant covering document for each lender for each set of documents required, detailing the points that the lender will be looking for. 

Step 5: We help you structure the loan

STEP 5

We help you structure the loan rather than a “One Fits All” approach

For example, it was common to see everyone have a 25-year mortgage term in the past. 

This would be fine if everyone applied at the same age, earned the same income, and had the same family circumstances, preferences, and objectives in life.

As Financial Advisers, not just mortgage brokers, we feel the structuring of your mortgage should be based on your age, circumstances, aspirations, budget, retirement goals, etc.  

This can be the difference between retiring early or forcefully having to work on, being able to focus on other aspects of financial planning such as pensions, your children’s education fund, investments, estate planning as well as having a better standard of living, etc.

The main points we look at are:

  1. Mortgage Term
  2. Product Type
  3. Product Term
  4. Fee Upfront or Fee Added (if applicable)
  5. Repayment Vs Interest Only Option
Step 6: How to avoid Early Repayment Charges

STEP 6

How to avoid Early Repayment Charges for partial or full repayment of loan:

  1. For example, if you receive a large inheritance
  2. You plan to move home in the foreseeable future
  3. You receive regular bonuses and commissions enabling you to reduce your capital

How we can make use of Existing Provisions before utilising new solutions.

Step 7: Third Parties

STEP 7

Third Parties

We can provide you with services that save you time, money, and stress by dealing with other third parties like estate agents, solicitors, accountants, employers, valuation firms, etc.

Step 8: Unique Benefits

STEP 8

Unique Benefits, Exclusive and Semi-Exclusive products

Due to the size of the Quilter Network, they can get access to exclusive and semi-exclusive rates for residential and buy-to-let lending options that may not be available to the members of the public.

How is this possible?

When we research the Whole of Market options for you, depending on your own individual circumstances, the research can source over 2,000 products on TRIGOLD. 

Some of the lenders may not even be ranked in the list of top 100 products. Therefore, they give us access to these Exclusive Products.

It is important to understand why lenders do this.

When you phone the call centre of a particular lender or walk into their branch regarding a  mortgage, lenders understand that you are already keen to apply for a mortgage and the competition is between all of the different products that they offer, not with the products from other lenders. Hence, they offer only their standard mortgage products.

When we are researching the Whole of Market options, as a lender they are trying to appear better than hundreds of other products out there. For this reason, lenders start to offer products that stand out from the crowd — these are referred to as Exclusive Products i.e. products that are created for a specific company or Platform such as the Quilter Network, to help that lender appear higher on that Platform ‘s sourcing list.

Step 9: Insurance & Protection Planning

STEP 9

The same goes with Insurance & Protection Planning

  • Quilter’s in-house Protection Committee will look at all the options available in the market today.
  • They will short-list providers that offer different (basic and comprehensive) cover options to fit the requirements of different types of clients.
  • The pricing is carefully designed for advisers of the Quilter network due to the volume of cases that are submitted to different providers.
  • Selecting a provider cannot be based only on pricing alone hence Quilter’s in-house Protection Committee use various comparison and informative tools like Defaqto research, Critical Illness Expert, IRESS, Life Quote, and the Association of British Insurers guidelines as well as having access to the popular comparison options which are available for the general public like Moneysupermarket.com, confused.com, GoCompare.com etc.
  • Unlike choosing products from comparison sites, we will provide you sound financial advice.  This means you and your family will receive the correct protection requirements for your own individual requirements that you were expecting in the event of a claim.  A claim that will get paid at the right time to the right person.
  • We offer you advice, advice that we will stand by.  At a money comparison site or other similar online option, you are doing no more that purchasing a product.  Therefore, in the event of a problem or complaint, you do not have the same redress to compensation that you would when dealing with us. 

We will help you save time, money, and stress by helping you find the correct and most suitable insurances to protect your family, home, and income — the things that matter most to you. 

Once an insurance provider is selected, we will advise you on placing the policy in the correct name, ownership, and Trust.  A Trust means that the policy proceeds are paid to the correct person at the correct time thereby helping both you and your beneficiaries in the event of a claim from any unnecessary delays in the policy pay-out and also potentially mitigating against having to pay Inheritance Tax. 

This is facilitated with the correct use of Trusts, Wills and/or Powers of Attorney.

Inheritance Tax Planning, Trusts, Will Writing & Powers of Attorney are not regulated by the Financial Conduct Authority.

Will Writing & Powers of Attorney are not part of the Quilter Financial Planning offering and are offered in our own right. Quilter Financial Planning accepts no responsibility for these aspects of our business. Powers of Attorney are by referral only.

Mortgages

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