At SMH Residential Mortgages, we offer an all-round mortgage advisory and protection service for a wide range of mortgage requirements.
As an independent mortgage advisory firm, we provide an efficient, professional and honest service to our clients, helping to ensure that not only are you getting the most appropriate mortgage, but you also take into consideration the bigger picture when it comes to protecting and securing your mortgage against unforeseen circumstances.
We are authorised and regulated by the Financial Conduct Authority (FCA), which means we have access to the whole of the market, and are not restricted to using specific lenders. This means our clients will always get the most suitable mortgage deal for their specific requirements.
We can help you with the following:
- Residential Mortgages
- First Time Buyer Mortgages
- Home-mover Mortgages
- Buy To Lets
- Additional Borrowing
- Advice on Stamp Duty Land Tax (SDLT)
A mortgage, for the majority of people, is the biggest financial commitment that you will have in your lifetime so making sure that this is protected will give you the added peace of mind that you and your family are financially secure should anything happen.
As part of the mortgage process, SMH Residential Mortgages can assess your individual circumstances and make sure you have the right cover in place for you and your family.
We can provide advice on cover on the following:
- Life Cover
- Providing a lump sum to your loved ones in the event of your death
- Critical Illness Cover
- Providing a lump sum if you’re diagnosed with certain critical illnesses
- Income Protection
- Providing cover that will pay you an income if you’re unable to work due to an accident or sickness
Stamp Duty Land Tax – higher rates apply to purchases of additional residential properties
From 1 April 2016 changes apply to individuals purchasing a residential property in England, Wales and Northern Ireland who, at the end of the day of the transaction, own two or more residential properties and are not replacing a main residence.
The higher rates are three percentage points above the previous SDLT rates, as follows:
|Threshold||Previous SDLT rates||New additional property SDLT rates|
|£0 – £125,000||0%||3%|
|£125,000 – £250,000||2%||5%|
|£250,000 – £925,000||5%||8%|
|£925,000 – £1,500,000||10%||13%|
SMH Residential Mortgages LLP is authorised and regulated by the Financial Conduct Authority.
SMH Residential Mortgages LLP is entered on the Financial Services Register https://register.fca.org.uk/ under reference 840234.
Commercial buy to let mortgages are not regulated by the Financial Conduct Authority.
As a mortgage is secured against your home or property it could be repossessed if you do not keep up with the mortgage payments.