Rouse Intelligent Financial Planning
Commission financial services

Mortgage Advice

We aim to remove the confusion from the mortgage market and guide you to an appropriate solution for your specific needs. There is a broad range of mortgage products available to us and, as we are not tied to any lender, we provide advice on all kinds of mortgage based on a comprehensive assessment.

Why choose Rouse?

We advise on all types of mortgages, including residential and buy-to-let through to lifetime mortgages. We can also advise on the current government schemes available. However, we don't offer advice on mortgage products that are only available by going directly to the lender.

We can act on your behalf to search the mortgage market for products available to intermediaries - and we are able to obtain some exclusive schemes that are not available via high street lenders.

It has become more challenging to obtain a mortgage since the Mortgage Market Review came into effect in April 2014 and we offer a service that will guide and help you through the complex process from start to finish. It includes liaising with estate agents, valuers, solicitors, and all other associated parties to ensure your house-buying process is as smooth and stress free as possible.

We're with you every step of the way.

From the moment you decide to engage our mortgage and protection advice service we guide you through the journey. But it doesn't end when you get the keys to your new home. When your initial mortgage product ends we can help you review your mortgage arrangements and help you once again to find an appropriate solution for your particular set of circumstances.

Step 1

  • We'll meet to establish your objectives, borrowing potential, and plan budgets and costs.
  • If you decide to proceed with us we then search the market for the most appropriate mortgage product for you.

Step 2

  • You look for, and find, your ideal home.
  • Receive agreement in principle from mortgage lender.
  • We meet again and, using the information gathered at the first meeting, decide which way to move forward and if appropriate, you make an offer.
  • Agree together the next steps.

Step 3

  • We meet to complete your mortgage application once you've had an offer accepted.
  • Choose a solicitor.

Step 4

  • Discuss and arrange mortgage survey, home buyer report and structural survey.
  • Local searches undertaken by solicitor.

Step 5

  • Mortgage offer is issued to you by the lender, with a copy sent to your solicitor and to ourselves.

Step 6

  • Solicitor completes the legal work.

Step 7

  • Exchange contracts.

Step 8

  • Completion.

Step 9

  • Mortgage review.

Paying for your home

Once you've identified your dream home the bottom line is how to pay for it. We can guide you through the process and help you get the solution that works for you.

Mortgage repayment types

There are two main ways to repay your mortgage and there are some stark differences between them. We can help you identify which is appropriate for you.

Capital and interest

  • Also known as repayment mortgage.
  • Monthly payment consists of part capital and part interest.
  • In early years payment consists mainly of interest with more capital being repaid as term progresses.
  • Certainty of mortgage being repaid (provided all repayments are made).
  • Cautious method.

Interest only

  • Only interest paid each month.
  • No reduction in capital unless made voluntarily.
  • Must have a suitable savings vehicle or repayment strategy (eg endowment policy, ISA, pension or sale of property).
  • Regular reviews required.
  • Adventurous method.

Mortgage rate types

The long and winding road that leads to your dream home becomes even more complex here. In a Spaghetti Junction of options we can help provide the SatNav.

Standard variable rate

  • Rate is the commercial 'default' rate set by the lender.
  • Generally no arrangement fee payable.
  • Generally no early repayment charge.
  • Rate is set by lender and can move up or down.

Discounted variable rate

  • An incentivised rate to provide lower payments in the early years.
  • Linked to lender's standard variable rate.
  • Discount for set period, eg two, three or five years.
  • May be an arrangement fee.
  • May be early repayment charges.
  • Rate is variable and so can move up or down.

Tracker rate

  • Generally linked to the Bank of England base rate.
  • May track for a set period eg two, three or five years or for whole mortgage term.
  • May be an arrangement fee.
  • May be early repayment charges.
  • Rate is variable so can move up or down.

Capped rate

  • Generally a tracker rate with an upper limit.
  • Product generally for a set period, typically two, three or five years.
  • Generally an arrangement fee payable.
  • Generally early repayment charges.
  • Although rate is variable, so may move up or down, the cap provides a degree of stability.

Fixed rate

  • Rate is fixed for set period typically two, three or five years.
  • Payment stability during fixed rate period.
  • Generally an arrangement fee payable.
  • Generally early repayment charges.
  • No benefit from drop in interest rates.

Mortgage protection advice

Arranging a mortgage for you is only part of the process. At Rouse we are also able to arrange protection from a comprehensive range of insurers with products designed to protect you, your income and your mortgage should life take an unexpected turn.

How much and what type of cover you need will depend on your individual circumstances - the other side of having no cover is having too much or the wrong type. We can help you put together a protection package that's appropriate for you.

A good starting point is to think about what would happen if you were to fall ill or die, have an accident, or lose your job. What income can you rely on to cover your living costs and specifically, your mortgage? Don't add to your worries or those of your dependants by leaving them potentially without a home.

Your protection package and the way it’s put together will be individual to you. We can help you through this process to help you put together a protection package that's appropriate for you.

Life insurance
(level term and decreasing term)

  • With a level-term life insurance policy the amount for which you are covered remains the same throughout the term; the premiums usually remain the same too.
  • With a decreasing-term life insurance policy, the amount you're covered for decreases over the term of the policy; premiums can be cheaper than those for level term.
  • Can include mortgage protection to ensure your mortgage is paid off when you die.
  • Can include critical illness cover.
  • Pays your dependants a lump sum or regular payments, if you die.
  • Pays out on your death or terminal illness.

MPPI*
(Mortgage Protection Insurance)

  • Designed to cover your mortgage payments if you're unable to work due to illness, accident or unemployment.
  • Pays you a set amount each month.
  • Pays for a limited period (usually 12 or 24 months).
  • Medical checks only carried out when you make a claim so you can't be sure if any pre-existing medical conditions will be covered until you actually make a claim.
  • Usually have an exclusion period meaning you won't be able to claim straight away.
  • Don't confuse with PPI

* This is for information purposes only as Rouse Limited does not provide advice on this type of policy.

Critical Illness cover

  • Pays a tax-free lump sum if you're diagnosed with one of the serious illnesses covered by your policy.
  • Designed to pay off debts, fund medical treatment or allow a change of lifestyle.
  • No restriction on how you use it.
  • Pays out once then the policy ends.

Income protection

  • Pays out a regular amount if you're unable to work owing to illness or injury.
  • Payments are tax free.
  • It's not the same as PPI (which covers a particular debt and payments go to your lender).
  • Policy can be tailor-made to suit your individual requirements.

Qualified and experienced

Phil Moore, is our Property Finance Adviser. He holds the Financial Planning Certificate, Mortgage Advice Qualification, and Certificate in Equity Release. Having worked for over 30 years in the mortgage business, he is not only qualified to advise you on all of your mortgage, protection and equity release requirements but his knowledge and experience is invaluable in today’s complex mortgage market.

Accessible and flexible

We can discuss your mortgage and protection requirements at our office in Newport, at your home, or you can contact us by phone or email, whichever works best for you.

Paying for our service

Our initial consultation is always free. If you decide to proceed with us, Rouse Limited typically charges an initial fee of £150, followed by a fee of £250 following completion.

We are also paid a procuration fee by the mortgage lender.

This combination of fees covers the cost of the fact-finding process, our research, presenting our recommendation and processing your application through to completion.


If you’d like advice on mortgages and protection contact Phil on 01983 535740 or email phil.moore@rouseltd.co.uk

Your home may be repossessed if you do not keep up repayments on your mortgage.

The Financial Conduct Authority does not regulate some forms of Buy to Let Mortgages.

To understand the features and risks of a lifetime mortgage you should ask for a personalised illustration.

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