Hello and welcome to our first weekly blog! We are committing to posting some content once a week containing information on the industry, helpful hints and tips, case studies of where we have been able to help people, news from within head office and also some useful guidance and spotlights on some the members of our professional network. Hopefully you’ll see it as informative, useful and in some instances a bit of fun!
Read on to see this weeks content 😊
A massive opportunity for homeowners – Source: Barclays For Intermediaries
Customers need good mortgage deals more than ever!
UK households spent more than their income in 2017 and borrowing hit a decade high. According
to the Office for National Statistics data – households spent £900 more than they earned in
income last year, amounting to more than £25 billion of debt or savings funded spending, marking
the first occasion when UK families spent more than their income since 1988.
With this in mind, many mortgage holders will be keen to ensure they have secured the best
mortgage product that they can.
Customers will have seen their annual mortgage payments go up by an average of £264
since the base rate started to rise from November 2017.
Remortgaging to obtain a better rate couldn’t be more simple if you engage with Foursquare Financial Ltd. We do all of the legwork so you don’t have to, all it takes is around 45 minutes to have a discussion around your needs, and we do the rest! Could you be one of those customers in the above boxes that could take advantage of those kind of savings? There’s only one way to find out… Click here to get in touch!
Continuing the remortgage theme this week, we thought it might be prudent to share a remortgage story from this weeks clients.
We saw Mrs S this week for a routine remortgage appointment. She wanted to remortgage on to a better rate and was worried as she was due to go on to her lenders standard variable rate (SVR) soon. During consultation with Mrs S, our team noted that she had a personal loan that had the same term remaining as the mortgage. The loan however, was at an interest rate of 9.9%, as oppose to a rate of around 2% available on the new mortgage. Bizarrely, Mrs S’s personal loan was arranged by the same bank that arranged the mortgage, but adding the loan to the mortgage had never been discussed!!!
By switching, our team were able to save Mrs S a whopping £102 per month on a relatively small mortgage, and take 2 years off the term of the mortgage meaning Mrs S is now able to retire 2 years earlier. A great result for our client.
We are proud to confirm that James has passed his R05 exam with flying colours and is able to use the designation “James Coghlan Cert CII (MP)” and is able to advise on all facets of the homebuying and insurance process. Great work James!
In other news, we recently moved in to our new offices at Redwood House in Bradley Stoke, Bristol. The company colours are up and the first floor has a distinctly more orange twang to the hallways. We seem to have made an instant impact on the building! For all future correspondence, please get in touch with us at Foursquare Financial Ltd, Redwood House, Brotherswood Court, Bradley Stoke, Bristol, BS32 4QW. Phone and email correspondence remains unchanged. We are also happy to announce that our first batch of branded coffee mugs was delivered to HQ today, which was a source of some excitement for the team! Pop in for a tea or coffee whenever you want, it’s on us.
Finally, keep your eyes peeled for a big announcement regarding a new appointment to the team at Foursquare HQ in the coming weeks. We are growing because of the faith our customers and professional introducers put in us every day. Thanks again for all of your continued support!
From our network – Adam Ovenstone, YOPA Territory Owner
My name is Adam Ovenstone and I am a licensed business partner with YOPA. We launched as a hybrid estate agent just over two years ago and are already the second biggest online/hybrid estate agent in the U.K.
I have been in estate agency for 8 years covering the whole of Cardiff and its surrounding areas. My area extends across the Vale of Glamorgan, Caerphilly and Cardiff. On my most recent sale I was instructed multi-agency with a high-street agent that had been trying to sell for months. I gave accurate and honest feedback on the current market, pricing and my proposition. Using our transparent online customer hub and fee structure, he was able to achieve a sale within 4 weeks with me. Naturally, he was delighted!
Finding a buyer can be challenging, but with good marketing advice and the right agent helping you, we can give you the best chance of selling. Experience tells me now is the best time to sell your home before Christmas 2018. Speak with your local YOPA agent if you are thinking of moving. Visit yopa.co.uk or contact me on 07756635793 or email: firstname.lastname@example.org
More next week from us, have a great weekend.
Pete and James