Pinnacle Mortgage Centre - Interview

Interview

A different look over the mortgage loan

05/10/2016

Pinnacle Mortgage Centre is dedicated to helping you, whether it be to purchase a new home, remortgage your existing property, or if you simply need to revise your current insurance arrangement. Their mortgage experts have access to the whole of the market, and can provide you with tailored, clear advice to match your needs and preferences.

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Cylex 1. How can a mortgage adviser be helpful? What mortgage cases apply?

Pinnacle Mortgage Centre: A mortgage broker can be the difference between getting the mortgage you require or quite simply not getting a mortgage at all. The potential repercussions could be a purchase falling through and losing out on your ideal home, or something as straightforward as not being able to save money on your existing monthly payment. As a qualified /authorised mortgage broker, who has access to the whole of the mortgage market, we will establish your personal needs and objections, and from this find the most suitable lender available to you. At Pinnacle we specialise in a wide variety of mortgage transactions, such as first time buyer, remortgage, home mover, buy to let, right to buy, and help to buy just to name a few. 

Cylex 2. What benefits and advantages does the partnership with 'Pinnacle Mortgage Centre' bring?

Pinnacle Mortgage Centre: We believe in providing a tailored process which is designed to make your life as easy and straightforward as possible. The whole process of arranging a mortgage can be stressful at the best of times, so we are here to offer the necessary support and guidance to provide you with the best solution.

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Cylex 3. From what you see, how many people take it seriously in making insurance arrangements? Is this quite a good rate for UK?

Pinnacle Mortgage Centre: From our point of view we find majority of our clients understand and appreciate the importance of insurance. Our duty as an insurance broker is to ensure tailored and appropriate advice is provided to our clients, whilst giving a clear insight into the benefits of the policies taken out.

Cylex 4. What costs are involved in remortgaging?

Pinnacle Mortgage Centre: It can very much be dependent on your own circumstances and objectives, however when assessing the benefits of remortgaging we look at depth what impact potential costs would have on the remortgage as a whole. If for example a client wants to get a better rate of interest but keep costs down, we will explore the rate options with their existing lender or deals offered elsewhere, on the basis no fees have been sourced.

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Cylex 5. How are interest rates determined?

Pinnacle Mortgage Centre: There are various factors which can impact the available rate, such as the loan to value or acceptance of lenders criteria. Part of our job is to show you the most suitable rates to you, and accurately assess the lenders criteria to ensure you'll meet this in full.

Cylex 6. What happens if interest rates increase?

Pinnacle Mortgage Centre: If your mortgage is on a variable rate basis then changes to the Bank of England base rate would usually lead to having direct impact on your monthly payment. If however you are on a fixed rate product, then any fluctuations to interest rates will not impact you whilst you remain on the fixed rate deal.

Cylex 7. Do you require or suggest an insurance with a mortgage?

Pinnacle Mortgage Centre: It all depends, but if we identify a need then we would make a recommendation to match this need.

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Buying a home is the largest purchase you’re likely to make. Before you arrange your mortgage, make sure you know what you can afford to borrow. Find out where to get a mortgage, the different types and how the process works.

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