J L Mortgages
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J L Mortgages Welcome to JL Mortgages Ltd, mortgage and protection advisers in Coventry, Birmingham and the Black Country. JL Mortgages Ltd offers high-quality mortgage advice and mortgage broking services in Coventry, Birmingham and the Black Country. We provide financial advice across mortgages, life assurance, home insurance and income protection. We will meet you twice in the advisory process; this allows us to understand your financial needs and provide the correct financial advice for your situation.

Call us now and see how our friendly service and know-how can help ensure you get the right mortgage so you can buy a new home, buy a property to let or simply re-mortgage your existing property. We can also provide protection for your home, business and family. If you are a first-time buyer, the prospect of buying your first home can be both daunting and confusing.

Our aim is to guide you through the transaction from start to finish so that you understand exactly what the purchase entails, and how much it will cost.
Highlights

read more › Professional, laid back service. Very accommodating and knowledgeable. Have kept in touch throughout the process and answered any questions I have had straight away. Would definitely recommend! These guys are the best in the field in my opinion. Guided me all the way through from credit repair to finally getting back on the ladder to then progressing us even higher up the ladder to our dream home. Would Highly recommend. We have been using JL Mortgages for a few years now and throughout both our house moves they have been amazing!

read more › A mortgage is a 'secured' loan, which means that the loan is secured against the property being purchased until the mortgage is paid off. Sources of residential mortgages include high street banks, building societies and other types of less well known financial institutions. Mortgage providers follow a set of rules and procedures when deciding whether or not they will agree to provide a mortgage to purchase a residential property. Although different lenders apply different lending criteria, the amount a potential buyer can expect to borrow of a property's purchase price is determined solely by the mortgage provider's requirements.

read more › The prospect of buying your first home could be both daunting and confusing. Our aim is to guide you through the process from start to finish so that you understand exactly what the purchase entails and how much it will cost. The mortgage market changes all the time, not just in terms of mortgage deals and regulation but also in the way lenders assess loan applications. Some of the changes have been in the way mortgage lenders assess the suitability of all clients for the different types of loan on offer.

read more › Whether you are looking at consolidating your debts, raising money for home improvements, looking for a better monthly payment than you currently have, or want to restructure the terms of your current loan, we can help. Remortgaging can help your financial health in many ways. In simple terms, remortgaging involves moving your current mortgage to a new arrangement, arranged either with your existing lender or with a new lender. Many borrowers choose to review their mortgage every few years in order to take advantage of the new rates on offer.

read more › Buy-to-let (BTL) mortgages are specifically for individuals who wish to buy residential property which they intend renting to tenants. Although a BTL mortgage is similar in a number of respects to a standard residential mortgage, there are some significant differences between the two. Most banks and building societies (and some other financial institutions) offer BTL mortgages, but terms, conditions and costs vary enormously. Some mortgage providers will not lend to individuals who are under 25 years of age or earn less than 25,000 a year.

read more › Once your mortgage application has been accepted in principal, you may have the option of deciding how you repay the loan: on a 'repayment' basis, or on an 'interest only' basis. With a repayment mortgage your monthly repayments cover both capital and interest on the loan. As the term continues, the amount outstanding on the loan reduces so the full amount of the loan will have been repaid at the end of the term as long as you have made all your payments on time. No other repayment vehicle is needed and it avoids the risk of investing (e.g. in the stock market).

read more › There are events we can all face that have the potential to wreck lives and families. It's a difficult issue to think about, but imagine the impact on you and your family should the main earner in your household die or become seriously ill. It may not happen to you - we hope it doesn't - but it might. While there is no insurance that can prevent these things from happening, you can protect yourself and your family financially by making money available, should something unexpected happen. This money can be the difference between keeping and losing your home, and maintaining your family's lifestyle.

read more › This is cover that pays out on death. Some plans pay upon earlier confirmation of a terminal illness where the prognosis is death within 12 months. It can pay out as a lump sum, or as income for the remainder of the policy term. Cover can last for a set term called Term Assurance, or can last throughout life, called Whole of Life. The amount of cover can remain the same or increase / decrease annually. Level term assurance stays the same throughout. Decreasing cover is sometimes used to cover a reducing debt, such as a repayment mortgage and usually assumes a given interest rate.

read more › This provides income where you are ill or injured, and as a result your income through employment or your normal route stops. If Houseperson's cover is included, then it will pay out upon illness or injury, irrespective of any income stopping. Cover lasts for either a set term in whole years, or to a given age (typically your state retirement age). The amount you pay is called the premium. It can either be guaranteed not to change, or it can be reviewable. Reviewable cover normally changes based on the claims experience of the life assurance company.

read more › This is insurance that pays the hospital or Doctor for your treatment. It can include treatment in a private ward, or being seen earlier in an NHS ward. Some plans also allow you to claim if you are not able to be seen by the NHS within a set period. Other plans may charge a little more and don't have any link to NHS waiting times. You are either medically checked and underwritten at outset (so you know what you're covered for and what you won't be), or have no medical checking at outset (but conditions that occurred two years before taking out the cover are not covered, and often there is no cover for a reoccurrence within five years after taking out the plan).

read more › Insurance that pays out when a defined medical event occurs. For example, following a heart attack, stroke, cancer or some other specifically defined critical illness. Cover is for a set term, which may be equal to a mortgage term, for when children have grown up, until retirement or another life stage milestone. It may be worth considering having one policy for a set term to cover the mortgage, and another that will provide money to help provide for your different lifestyle if a serious illness happens.

read more › With that in mind we can help you take the right steps to protect your people and your business. After all, you already protect many of the important things that keep your business running smoothly, like property, fleets and stock. So you should also insure your most valuable assets: your staff and shareholders.

read more › Directors and employees with highly specialist skills or knowledge are key employees of the companies they work for. To lose one as a result of a critical illness or death can be damaging to the business. That is why taking out Key Person insurance to protect the company is a wise move. The full scope of cover will depend on the type of policy purchased but companies ignore the risks of losing key staff at their peril. Shareholders, bank managers, suppliers and customers may not be so laid back.

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