Mortgage Advice

TISCO Financial Planning is a fully independent chartered financial advisers (IFAs) and mortgage brokers based in St Albans, Hertfordshire. Our independent status means we work for you, our clients, and are not tied to any financial institution or mortgage lender. Our St Albans based advisers can therefore provide independent mortgage advice and find the best mortgage or remortgage deal for you from the whole market place after taking account of your personal circumstances.

We offer a free quotation and mortgage advice service – you can request a mortgage or re-mortgage or buy to let quotation here.

 

We understand that buying your house is one of the biggest financial decisions of your life so instead of asking you to answer a host of impersonal questions, we prefer to discuss your needs and priorities with you before providing any advice and recommending a suitable mortgage product. This can be just a quick chat on the phone or if you prefer, a face to face meeting at our offices in St Albans or elsewhere if mutually convenient. This initial conversation is always free and without obligation and we also offer a free mortgage assessment service so you can see how we may be able to help you buy that dream house or save you money with your re-mortgage.

Our experienced advisers do not believe you can find the right mortgage by ticking some boxes, looking at a few interest rates, and then making a decision based purely on the cheapest rate. This may well be right for some clients but often the cheapest rates are only available if you also meet a number of other criteria. For example there is no point in applying for a mortgage and completing application forms if the property is of non standard construction as many lenders will not loan money on this type of property.

With help and advice from a real person available at all stages of the process, our qualified advisers will consider the thousands of mortgage products available from hundreds of lenders, read the small print and expose any hidden fees before recommending a suitable one for you. We are able to offer our series nationwide if the case requires.

TISCO Financial Planning does not typically charge a fee for its mortgage service as most lenders pay a commission for our services as an intermediary. We may charge on a small number of cases if there are unusual circumstances but we will always fully disclosed these to you before any work is carried out if that is that case.

Your home may be repossessed if you do not keep up repayments on your mortgage. Buy to let mortgages are not regulated by the Financial Conduct Authority.

If you would like any further help or information on any aspect of mortgages or would like mortgage advice, please use the ‘contact us’ feature, or call our St Albans mortgage advisers on 01727 734040.

First Time Buyers

As house prices across the country have risen in recent years it has become increasingly difficult for first time buyers to get a foothold on the UK property market.

There are a number of government backed initiatives that can help first time buyers climb onto the property ladder and also a number of lenders that can better cater for those needing to borrow a high loan to value of their new home.

Our specialist team have many years experience in guiding first time buyers through the mortgage maze and home buying process providing experienced advice every step of the way to make sure that the mortgage side of you new house purchase is as stress free for you as possible.

If you would like any further help or information on any aspect of mortgages, please use the ‘contact us’ feature, call us on 01727 734040 or feel free to make an appointment to visit us at our St Albans office.

The Cost of Our Mortgage Service

The initial phone or face to face mortgage consultation is free of charge and as TISCO Financial Planning is fully independent it can offer its clients the choice to pay a fee for its services but in our experience a majority of clients prefer not to as most lenders pay an introducers fee or commission to the arranging or introducing broker. This is a separate agreement between TISCO and the lenders and is effectively the Lenders paying TISCO for the work we carry out. This is more often than not enough to cover our work and only unusual cases with extenuating circumstances will we charge a fee. If there will be any extra fees they will be disclosed before any work is carried out.

Life Insurance and Mortgage Protection

When taking out a mortgage it is compulsory to take out buildings insurance. While other insurances are not compulsory, they can be invaluable and many of our clients choose to take out life insurance and / or income protection insurance.

Life insurance is not a compulsory insurance, but most lenders would prefer to know that you have life insurance in place as this will effectively pay off your mortgage in the event of your death. It is also highly recommended, particularly if you have a partner or children or other dependents that could be disadvantaged on your death.

HouseSelecting the correct kind of life insurance to suit your mortgage is important, as well as discussing options such as critical illness cover, or features which allow you to alter cover to adapt to your future needs.
A majority of our mortgage advisers are fully qualified financial advisers and will advise you on the most suitable policy for your mortgage needs, we can also advise on your other needs should you wish. We will also request illustrations from the whole of the market to ensure our recommendation represents the best value for money.

MPPI stands for Mortgage Payment Protection Insurance. It is not compulsory insurance but many lenders will urge you to take the cover out. The policy is designed to meet your mortgage payments should you be unable to work due to accident or sickness, and some also cover you against unemployment or redundancy. Typically they will start to pay one month after your employer stops paying you, for a maximum of 24 months.

Some client’s sleep very well knowing they have this cover, however, they are designed only to cover your mortgage payments. Whilst a mortgage payment is typically our clients biggest outgoing, it is not their only one and so an Income Protection policy may be more appropriate.

Instead of providing cover for a particular area, for example your mortgage, Income Protection is designed to pay you an income if you are unable to work through accident or sickness. It does not cover you for unemployment. However, the benefit is yours to do with as you wish not only to pay the mortgage. These policies are medically underwritten and will pay until death, employment or retirement if you have to make a claim. Please note that there is usually a deferred period before payment starts. This type of cover is surprisingly low cost and certainly gives peace of mind.

If you would like any further help or information, or an illustration to see how cost effective cover can be, please use the ‘contact us’ feature, call us on 01727 734040 or feel free to make an appointment to visit us at our St Albans office.

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Contact us

Only the UK’s premier financial planning firms qualify for Chartered status. If you wish to know more about how using a Chartered firm can ensure you get the best possible advice, service and support, please do not hesitate to contact us.

TISCO offer clients a continuity of service and personnel which is vital to developing the relationships which benefit our private clients, employers and their employees.

Address:
TISCO Financial Planning Limited,
Morton House,
80A Victoria Street,
St Albans,
Herts,
AL1 3XH

Email:
email@tisco.co.uk

Phone number:
01727 734040

We are open:
Monday – Friday 9 AM – 5:30 PM

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Based in St Albans, Hertfordshire our team of experienced advisers are able to assist with the full range of financial planning and financial advice services. From corporate services such as comprehensive employee benefits packages, workplace pensions and pension auto-enrolment to individual private client work on investments and trusts, pensions, insurance, inheritance tax planning and mortgages.

This service is provided locally in London, St Albans and the home counties with corporate services being provided nationally to serve the requirements of our clients, who range from individuals to 6,000+ employers.

For more information about us and our financial advice services or to see how we may be able to help please contact us. or call our St Albans office on 01727 734040.

We cover St Albans, Watford, Hertfordshire, Hemel Hempstead, Hatfield, London and the rest of the UK