Choosing the right mortgage provider can be a confusing and intimidating process, especially for first-time buyers or landlords facing tougher lending rules.
That’s why we decided to bring the process in-house and launch Portico Finance, an FCA approved mortgage broker and protection service headed up by fInancial services manager, Steve Jackson. As well as residential, buy-to-let, holiday let and specialist finance mortgages, Steve and the team at Portico Finance can advise on life insurance, critical illness cover, income protection, landlord insurance, building and contents, and accident, sickness and unemployment insurance.
So, whether you're remortgaging or moving, a first-time buyer, a landlord, or if you’re interested in a different type of protection service, read on to find out how Portico Finance can help.
Email firstname.lastname@example.org or give our friendly team a call on 07824 353803 or 07824353800!!!!
10 things that set Portico Finance apart from the crowd
1. We have access to 70 lenders
At Portico Finance, we have access to a large panel of mortgage lenders from more than 70 companies, ranging from the UK’s largest banks and building societies, to more specialist buy-to-let firms for portfolio landlords and landlords with special requirements.
We’ve worked with thousands of homebuyers and landlords over the years, so we know not every situation is straightforward. That’s why we work with lenders who can look at the bigger picture when it comes to lending, and who are prepared to consider the “not so straightforward” needs of some borrowers.
2. We can help make buy-to-let portfolios more tax-efficient
Buy-to-let is certainly a lot tougher than it used to be, since the removal of mortgage interest relief and the introduction of new borrowing legislation.
However, investing in property still appeals to a lot of Britons in a world of low interest rates and high rental demand. Landlords simply need to be smart with their buy-to-let strategy and secure the best buy-to-let mortgage possible – which is where we come in.
Whether you’re a multi-property landlord looking to make your rental portfolio more tax-efficient in light of these new changes or you’re a new landlord needing to maximise profit and minimise taxes and admin costs, we can compare buy-to-let mortgages to secure you the best deal.
Click the link for a full list of tax changes for landlords in the 2019-20 tax year.
3. We have real relationships with the banks
At Portico Finance, we’ll work hard to get you the best rate through utilising real relationships.
First, we’ll identify your individual requirements and assess your credit eligibility, before engaging with lenders to compare mortgages and find a product that suits your needs. Whether you’re looking for the best first-time buyer mortgages, new build mortgages, mortgages for over 50s, BTL mortgages, mortgages for contractors etc, we are able to help.
We’ll also be your one point of contact throughout the process, and we’ll work hard on your behalf to negotiate the loan with the lender - much harder than a computer would!
4. We can source finance for high net worth individuals
As we have access to top private banks, we can also source great mortgages for HNW (high net worth) individuals. Typically, when it comes to large loans, high-street lenders will want to see a bigger deposit – or they’ll cap lending at 70% - 75% loan to value. This can be an obstacle for those who meet affordability levels, but would like to maintain cash liquidity.However, at Portico Finance, we work with private banks that will look at your full financial profile, meaning we can source completely customised loan solutions that maintain your liquidity.
5. We can achieve a mortgage offer within 10 days…
…and sometimes even quicker! This means that our clients can proceed to exchange and complete very quickly, without delays.
6. We love to meet our clients (no call centres or chat bots here)!
The mortgage industry in the UK may be becoming more digitised, but securing a loan continues to be an emotional process for borrowers. That’s why we always give our clients the option to meet us face-to-face at our Fulham office, so we can cut through the mortgage jargon, answer “how do mortgages work” or walk you through the types of mortgages available, and offer a truly personalised service.
Of course, if you’d rather do things digitally, we’re equipped to do that too.
7. We have over 25 years’ experience helping clients with their mortgage needs
Collectively as a team we have over 25 years’ experience helping clients with mortgages, and we pride ourselves on being trustable, personable and easy to deal with.
8. We can help with Airbnb and holiday let mortgages
Airbnb or short-term lets are an increasingly popular property investment, which we are extremely familiar with us here at Portico.
Alongside Portico Finance, we offer a range of complementary services, including Portico Host, an Airbnb management service which operates in London, Liverpool and Manchester, and Portico Portfolio, an Airbnb property investment service. Our Airbnb management service has been so successful that last year we were appointed to Airbnb’s Professional Co-Host programme, becoming one of only four partners in the UK.
In other words, if you’re considering Airbnb or holiday-let mortgages, or you’re a landlord considering utilising both long-lets and short-lets, we are the experts to talk to. Not all lenders will accept short-let rental income, but we can advise on the ones that do – plus which is best given your personal circumstance.
Keen to find out more? We have a complete blog post on Airbnb mortgage rules which you can read here.
9. We have access to lenders who will help with buying a property that needs renovating
This is different to most lenders who will only consider the property after the works have been completed.
So, if you’re a hopeful homeowner or a developer planning on buying a property that needs a major makeover and perhaps a wall knocked-through, we can help.
10. We offer a holistic financial review with our clients’ best interests at heart
At Portico Finance we embrace a holistic philosophy centred on client relationship, so we’ll not only help with securing you a mortgage, but we can help ensure that you have all the financial protection in place to protect your family, income and home.
If your current mortgage rate is coming to an end or you think you could get a better deal, consider remortgaging with Portico Finance. But before you do, make sure you get your property re-valued. This will make your lender recalculate your loan to value, and a lower loan to value means a better interest rate and a larger choice of lenders. For more information on Portico Finance and how we can help, give the team a call on 07824 353803 or 07824353800.