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- Why work with us?
- Mortgage Advice
Pinsa Wealth Ltd is a firm of financial planners & mortgage brokers, who have a reputation for giving jargon-free financial advice.
As Independent Financial Advisers since 2002, our aim is simple – to give you expert advice at a level and depth to suit your individual needs.
What’s more, because we are completely independent, we are not tied to any panel or company and can offer impartial advice based on products from the whole market place, delivered in plain English and tailored to your individual needs. Regular reviews are also offered to take account of changes in your life and also changes in the financial market place.
We believe in the personal touch and affordable advice. We offer a free, no-obligation meeting, at your home or place of work or remotely, depending on what suits you. Based on the Wirral Peninsula we are ideally located to provide a service for our clients in the North West of England and North Wales.
Whether you are a first-time buyer, moving home or simply wishing to take advantage of a more competitive rate, it is important that you have the right mortgage in place.
We offer an independent range of mortgages from whole of the marketplace to meet an array of needs and circumstances: the employed and self-employed, Help-to-Buy, buy-to-let, self-builds, holiday homes in the UK and abroad, expats and commercial.
Banks, building societies and smaller niche lenders compete for your business, all offering a variety of interest rate deals, associated fees and other enhancements to attract borrowers.
The two main methods of repaying a mortgage are repayment (capital and interest) and interest only. It is also sometimes possible to set this up using a combination of the two. A description of these methods is provided below.
Repayment (capital and interest) method
Under the repayment method your monthly repayments consist of both interest and capital and, over time, the amount of money you actually owe will decrease. In the early years, your repayments will be mainly interest, so the capital outstanding will reduce slowly at the start of the mortgage.
This method ensures that your mortgage is repaid at the end of the term, providing all payments are made on time and in full.
As the name suggests, you will only pay the interest on the amount borrowed and none of the capital, so the capital is still outstanding at the end of the term. Therefore you will usually need to take out some kind of investment policy to save up enough money to repay the mortgage at the end of the term.
Traditionally, the preferred product for repaying the capital of an interest-only mortgage was a mortgage endowment policy (which included a set amount of life cover). Customers now tend to use Individual Savings Accounts (ISAs) and pensions to build up a sufficient sum and to take advantage of the tax breaks offered by these products.
We provide you with impartial advice and services, delivered in plain English and tailored to your individual needs.
We arrange bespoke solutions for our clients, providing a tailored one-to-one advisory service, delivered face-to-face or remotely, depending on what suits you.
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One of our advisers will contact you to carry out a Fact Find to get a better understanding of your personal and financial situation, so that we can recommend the most suitable mortgage for you.
Once we have all the information required and have received all the relevant evidential documentation the adviser will carry out research to find the best product on the market for your situation.
A recommendation will be forwarded to you for your approval. Once this has been received an application will be submitted.
We recommend that you obtain an Agreement in Principle before you start viewing properties, but if you already have already viewed a property, you should always have an Agreement in Principle before making an offer.
Depending on the Lender it usually remains valid for between 30 and 90 days, If your Agreement in Principle expires a request can sometimes be made to extend it or, if necessary, be resubmitted.
There are a number of lenders that will consider applicants with previous credit problems. Our advisers will be able to give you a better indication once the have completed the Fact Find and reviewed all the relevant documentation.
If you are employed, you will usually have to supply the last 3 months payslips and previous years P60 to prove income. If you are Self-Employed at least the last 2 Years Accounts.
You will also need to provide proof of ID (valid photocard Driving Licence or Passport), proof of address, the last 3 months bank statements and a recent credit report.
Lenders may require further documentation and our advisers will let you know if this is the case.