Our Mortgage Specialists can take you through the process whether it be for a new purchase or a remortgage and can explain the benefits and pitfalls of such a transaction.
Buy to Let purchase or remortgage is not as complicated as some people might think. Complete our simple on line Mortgage Application Form and one of our dedicated Mortgage Specialists will be pleased to discuss your needs

Flexible Mortgages

Many people have their financial arrangements split between various sources and as a result they will have a number of different interests rates and charges for their mortgage, personal loans, credit cards and current account. With a flexible mortgage all this can be combined in a single account, charging a single interest rate on all of these personal borrowings. This can have the effect of reducing the amount of interest paid over the term of a mortgage.

Lifetime Mortgages

Most of the above are commonly known as Equity Release, which enables an individual to tap into the value of the home without having to sell and move out
This has proved an invaluable benefit over the years, for thousands of retired homeowners who have found that these plans provide a safe and successful method of releasing regular income or a cash lump sum, to improve the quality of their life in retirement.
Unfortunately for many others, their alternative is the unenviable position of having to watch every penny they spend from their various low level of State and or private pensions, throughout retirement, while most of their money remains locked up in their biggest asset, which is their home
However selecting one of these types of plans must be done with great care as there are some schemes which market themselves as home income plans or equity release plans but may not be suitable for the individual

Lifetime Mortgage

Lifetime mortgages are quite simply where an individual takes out of a mortgage secured against the value of the home. No monthly repayments are made to the lender This interest is rolled up over the life of the loan and repaid upon death or when that individual or in the case of a joint loan scheme on the second death or when the second individual enters a long term care home. This is the time when the property is sold and the lender repaid.
Interest can be capped or fixed. However this means that the loan may increase as interest is added over time to greater than the value of the property, although most reputable lenders are members of Safe Home Income Plans (SHIP) and offer a no negative equity guarantee

Reversion Scheme

This is where a percentage of a property is sold, to a reversion company for a fixed amount. Individual homeowners will receive a percentage amount of the value of the property sold relative on their age. Eventually when their property is sold, the provider company receives the exact same percentage of the value of the property, which was originally borrowed against the value of the home.

Home Income Plans

This type of plan is simply a scheme whereby an annuity is bought with the capital released from the equity within the home, which is then expected to pay out an income at least equivalent to the interest on the loan. Falling annuity rates mans that this is no longer viable in most instances
Let the experts help you decide which of these scheme’s are most suitable for you to consider. Contact RTP and we will help guide you correctly through the choices.

Commercial Mortgages

One of the most cost and tax efficient ways that a firm or individual may raise capital for their
business is by utilising their own pension schemes. Within RTP, unlike most major lenders
and many IFA Practices, we have the necessary expertise to be able to transact this
facility which can save many thousands of pounds each and every year to a business.

In addition we also have contacts with extremely competent solicitors who in partnership with
ourselves, can support this type of transaction to ensure that no unforeseen problems may
arise.

Before you speak to the Bank--- let our experts take a look.

It may be easier than you expect and probably will save you many thousands of pounds