A ghost insurance broker.

If you have been offered an insurance policy for unusually low premium monthly, you may have fallen a victim of a GHOST INSURANCE BROKER.

Did you know that there are firms calling round and manipulating clients’ personal and medical information to lower the potential cost of insurance policy? They set it up for a customer and then they disappear... Client normally finds out that his insurance won’t pay out at the worst time – when they need to claim….

Their broker turns to be nowhere around then and there is no payout possible. A typical ghost broker method is to declare incorrect medical information at the time of application (smoker status, medical history or weight) so insurance provider offers the policy cheaper but then, when client needs to claim, their full medical records are checked and claim gets rejected.

Make sure you speak to a qualified adviser, don’t be shy to ask for their FCA registration reference to check their records. It’s also important to read the application summary when it is posted to you at the application stage as you will be able to detect any inconsistencies then. Be vigilant! if something seems too good to be true, it's likely it's manipulated.

If you did buy a ‘cheap’ looking policy, get in touch with us for a full audit of the case. We review your policy free of charge and for your peace of mind. #ScamAlert #insurance #fraudprotection

Spring clean your finances

• Is your mortgage deal ending in the next few months?
  

• Are you planning to buy your first home or move to another property in the next 12 months?
  

• When is the last time you have reviewed your insurance policies? Are you certain they meet your needs?
  

• Are your insurance policies in trust?
  

• Has anything changed since you last got your insurance? Got a new child, partner, or one of your children turned 18? Maybe you got married or got divorced?
  

• When is the last time you have reviewed your will? Or maybe you still don’t have one?!

Just like doing a spring-clean to our homes, it’s good to sort out our financial matters from time to time.

Make it a goal to have everything you need in place for the peace of mind of yourself and your family.

Great News for First Time Buyers with 5% deposit

Increased house prices and cost of living crisis have made it difficult for First Time Buyers recently. That is why the Mortgage Guarantee Scheme which was to close in December has been extended to December 2023.

How can this scheme help First Time Buyers?

With challenges to save up for deposit for their first home, many buyers can barely get the minimum 5% deposit needed to obtain a mortgage. The scheme gives financial guarantees to lenders that in turn make more products available for customers with as little as 5% deposit. It only applies to properties worth up to £600000. There may be other conditions to be met, dictated by lenders too.

If you are a first-time buyer planning your first move, speak to a qualified broker. They will help you with affordability assessment, decision in principle and the rest of your application process as well as with other aspects of house purchase. They will hold your hand throughout the house buying process step by step.