Mortgages
Mortgages
- Expert Mortgage Advisers
- Fee-Free Initial Consultation
- Access to Competitive Rates From Dozens Of Lenders
Table of Contents
Speak to an expert
What is the role of a mortgage broker?
It’s a very varied role because, essentially, we will do everything for you. We will find you a suitable mortgage, comparing lenders and products on your behalf. We liaise with people involved in your property purchase, we’ll do all the paperwork to get the mortgage from application stage to completion and stay with you throughout the whole process. We hold your hand from the minute you find a property until you get the keys and move in.
Every case is completely different, so it is a bespoke service for you. Mortgages are never one size fits all, so we tailor the solution to your needs.
What’s the difference between going to a mortgage broker versus your local high street bank?
A typical First Time Buyer doesn’t know any different, so they might just go to their own bank and ask for a mortgage. There are a lot of reasons why it’s not a great idea to do that.
Let’s say you bank with NatWest. When you have a chat with their mortgage adviser they’re going to tell you what NatWest can do for you. They won’t tell you if there’s a better deal offered by Halifax.
The main reason to use a broker is we’re not linked or affiliated to any lenders so we can find competitive deals for your needs.
We’ve got about 45 to 50 high street lenders on our panel, with a lot of specialist lenders that you can’t approach direct. It would take weeks or even months for you to talk to all those lenders about their deals, but we can very quickly compare all their products on your behalf.
What services does a mortgage broker offer?
We stay with you throughout the whole process. From liaising with the estate agent from the start to looking at solicitors together, we will provide some quotes and instruct the solicitor on your behalf. Then we’ll liaise with your lender and solicitor throughout the whole process until you’ve got your keys and you’re moving in. It’s a really seamless process and we do a good job! Around 75% to 80% of our work is repeat business and a lot of people recommend us to First Time Buyers.
Interest rates are so low at the moment (at the time of recording this episode), so most First Time Buyers are going for a five year fixed rate mortgage for security. Then, with our remortgage service, we will contact you at the end of those five years to explore the options of remortgaging with the same lender or another lender. That way you never go onto the horrible standard variable rate and never pay more than you need to.
Can you help with mortgage protection?
Protection is massively important. This is probably the biggest purchase you’re ever going to make in your life, so why wouldn’t you protect it? Once you’ve bought the property, it’s equally as important to ensure that you stay in it. There’s no point in spending all your money to buy your dream home and then losing it should something go wrong.
With protection we again work with a very wide panel of providers. As with the mortgage, we’ll shop around to get you the most suitable deal, whether that’s life insurance, critical illness cover, or income protection – whatever’s important to you.
Speak To An Expert
- Expert Mortgage Advisers
- Fee-free Initial Consultation
- Access to Competitive Rates
- Access to Dozens Of Lenders
At what stage in the property buying process should I come and see you?
In my opinion, you should get your mortgage sorted first – before you even start looking for a property. It doesn’t always work out like that: people like to find a property first, but unless you’ve sat down with a broker, looked at your affordability and monthly payments, how do you know what you can afford to buy or what it’s going to cost you per month?
Get your mortgage sorted. Have a chat with me, get your Agreement in Principle done. Right now the market’s so busy, a lot of agents will ask if you’ve got a mortgage in place before even letting you view a property. It’s often easiest to get it sorted first.
You’re based in Wolverhampton but can you help somebody elsewhere in the country?
Hendriks Financial Solutions predominantly work with clients based in Wolverhampton and across the West Midlands. Around 90% of our business is now done remotely. Covid-19 obviously kickstarted that, but it’s showing everyone how easy it is to do things via video calls on Zoom, or Teams.
I’m always happy to meet people face to face but most appointments are done online, by telephone and email as long as clients are happy to work like that. Because of that I’ve got clients in Scotland, Ireland and all over the UK. Location makes no difference at all.
Why is Wolverhampton a popular location to live and buy property?
Wolverhampton is a very popular area for property because you do get a lot for your money here and it’s not expensive by any stretch of the imagination. It’s a very popular place to live because it’s in the heart of the Midlands where transport links are excellent.
There’s plenty of employment here, as there is throughout the whole of the West Midlands, and it’s a busy, lively place. For Buy to Let investors, you get a very good return for your money as the rental market is in high demand.
Tell us about Hendriks Financial Solutions?
I qualified as a mortgage adviser 16 years ago and I’ve been in financial services ever since then. I’ve been self-employed, and I’ve worked for big corporate financial organisations over the years. It means I’ve got a good grasp of everything. In my bank and building society days I learned all the compliance rules – what not to say, what should and shouldn’t be done.
As a broker I’ve learned more about lenders’ criteria, so that I can go through a detailed fact find with customers to find out what their needs are. Everybody’s different: some people might have adverse credit, while others might have low affordability. Some people might be claiming benefits. By getting to know all these things you know which lenders to approach to get the right deal for the customer.
Does it cost for an initial consultation with you?
No, not at all. It’s very important to me to create good, long-lasting relationships. Some brokers do charge up front but at Hendriks Financial Solutions we don’t. We’ll have a good 30-45 minute chat with you to find out what’s important and what you need. We then go away and get you some figures together. We send them over via email or have a Zoom call to go through them with you face-to-face. You could then say “Steve, thanks for all your help and advice, see you later,” and that’s that!
The fee is fixed and we don’t charge you until after we have an Agreement in Principle in place with a lender for you. At that point you’ve been credit checked and we’ve submitted the full application, so you have peace of mind at this stage knowing it’s unlikely anything would go wrong.
What advice would you offer someone thinking of buying a home?
It’s so busy out there at the moment. Estate agents can quite easily afford to pick and choose who views their properties. Likewise, the owner of the property often won’t entertain people viewing the house unless you’re in the position to proceed. So the most important piece of advice is to get your mortgage sorted as soon as possible. Everything else will fall into line after that.
PLEASE NOTE: Any of these podcasts and transcripts were correct at the point of recording in 2021. Some of the facts/figures quoted may have since changed, however when you speak with a Mortgage Adviser, they’ll be able to provide you with the most up to date facts/figures.
Your property may be repossessed if you do not keep up payments on your mortgage.
Why us?
- Expert Mortgage Advisers
- Fee-free Initial Consultation
- Access to Competitive Rates From Dozens Of Lenders
What is the role of a mortgage broker?
It’s a very varied role because, essentially, we will do everything for you. We will find you a suitable mortgage, comparing lenders and products on your behalf. We liaise with people involved in your property purchase, we’ll do all the paperwork to get the mortgage from application stage to completion and stay with you throughout the whole process. We hold your hand from the minute you find a property until you get the keys and move in.
Every case is completely different, so it is a bespoke service for you. Mortgages are never one size fits all, so we tailor the solution to your needs.
What’s the difference between going to a mortgage broker versus your local high street bank?
A typical First Time Buyer doesn’t know any different, so they might just go to their own bank and ask for a mortgage. There are a lot of reasons why it’s not a great idea to do that.
Let’s say you bank with NatWest. When you have a chat with their mortgage adviser they’re going to tell you what NatWest can do for you. They won’t tell you if there’s a better deal offered by Halifax.
The main reason to use a broker is we’re not linked or affiliated to any lenders so we can find competitive deals for your needs.
We’ve got about 45 to 50 high street lenders on our panel, with a lot of specialist lenders that you can’t approach direct. It would take weeks or even months for you to talk to all those lenders about their deals, but we can very quickly compare all their products on your behalf.
What services does a mortgage broker offer?
We stay with you throughout the whole process. We will actively liaise with the estate agent selling the property and negotiate on your behalf to get it at the right price. We’ll then look at solicitors together, we will provide some quotes and instruct the solicitor on your behalf. Then we’ll liaise with your lender and solicitor throughout the whole process until you’ve got your keys and you’re moving in. It’s a really seamless process and we do a good job! Around 75% to 80% of our work is repeat business and a lot of people recommend us to First Time Buyers.
Interest rates are so low at the moment (at the time of recording this episode), so most First Time Buyers are going for a five year fixed rate mortgage for security. Then, with our remortgage service, we will contact you at the end of those five years to explore the options of remortgaging with the same lender or another lender. That way you never go onto the horrible standard variable rate and never pay more than you need to.
Can you help with mortgage protection?
Protection is massively important. This is probably the biggest purchase you’re ever going to make in your life, so why wouldn’t you protect it? Once you’ve bought the property, it’s equally as important to ensure that you stay in it. There’s no point in spending all your money to buy your dream home and then losing it should something go wrong.
With protection we again work with a very wide panel of providers. As with the mortgage, we’ll shop around to get you the most suitable deal, whether that’s life insurance, critical illness cover, or income protection – whatever’s important to you.
Speak To An Expert
- Expert Mortgage Advisers
- Fee-free Initial Consultation
- Access to Competitive Rates
- Access to Dozens Of Lenders
At what stage in the property buying process should I come and see you?
In my opinion, you should get your mortgage sorted first – before you even start looking for a property. It doesn’t always work out like that: people like to find a property first, but unless you’ve sat down with a broker, looked at your affordability and monthly payments, how do you know what you can afford to buy or what it’s going to cost you per month?
Get your mortgage sorted. Have a chat with me, get your Agreement in Principle done. Right now the market’s so busy, a lot of agents will ask if you’ve got a mortgage in place before even letting you view a property. It’s often easiest to get it sorted first.
You’re based in Wolverhampton but can you help somebody elsewhere in the country?
Hendriks Financial Solutions predominantly work with clients based in Wolverhampton and across the West Midlands. Around 90% of our business is now done remotely. Covid-19 obviously kickstarted that, but it’s showing everyone how easy it is to do things via video calls on Zoom, or Teams.
I’m always happy to meet people face to face but most appointments are done online, by telephone and email as long as clients are happy to work like that. Because of that I’ve got clients in Scotland, Ireland and all over the UK. Location makes no difference at all.
Why is Wolverhampton a popular location to live and buy property?
Wolverhampton is a very popular area for property because you do get a lot for your money here and it’s not expensive by any stretch of the imagination. It’s a very popular place to live because it’s in the heart of the Midlands where transport links are excellent.
There’s plenty of employment here, as there is throughout the whole of the West Midlands, and it’s a busy, lively place. For Buy to Let investors, you get a very good return for your money as the rental market is in high demand.
Tell us about Hendriks Financial Solutions?
I qualified as a mortgage adviser 16 years ago and I’ve been in financial services ever since then. I’ve been self-employed, and I’ve worked for big corporate financial organisations over the years. It means I’ve got a good grasp of everything. In my bank and building society days I learned all the compliance rules – what not to say, what should and shouldn’t be done.
As a broker I’ve learned more about lenders’ criteria, so that I can go through a detailed fact find with customers to find out what their needs are. Everybody’s different: some people might have adverse credit, while others might have low affordability. Some people might be claiming benefits. By getting to know all these things you know which lenders to approach to get the right deal for the customer.
Does it cost for an initial consultation with you?
No, not at all. It’s very important to me to create good, long-lasting relationships. Some brokers do charge up front but at Hendriks Financial Solutions we don’t. We’ll have a good 30-45 minute chat with you to find out what’s important and what you need. We then go away and get you some figures together. We send them over via email or have a Zoom call to go through them with you face-to-face. You could then say “Steve, thanks for all your help and advice, see you later,” and that’s that!
The fee is fixed and we don’t charge you until after we have an Agreement in Principle in place with a lender for you. At that point you’ve been credit checked and we’ve submitted the full application, so you know that nothing can go wrong and you’ve got the mortgage.
What advice would you offer someone thinking of buying a home?
It’s so busy out there at the moment. Estate agents can quite easily afford to pick and choose who views their properties. Likewise, the owner of the property often won’t entertain people viewing the house unless you’re in the position to proceed. So the most important piece of advice is to get your mortgage sorted as soon as possible. Everything else will fall into line after that.
Your property may be repossessed if you do not keep up payments on your mortgage.
Why us?
- Expert Mortgage Advisers
- Fee-free Initial Consultation
- Access to Competitive Rates From Dozens Of Lenders
