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Fixed rate mortgages

Fixed rate mortgage

Below are a list of fixed rate mortgage deals suitable for First Time Buyers.

2 yr fixed rate

2.55% 2 year fixed rate with no fees. Available to 95% loan to value. Free valuation for first time buyers

3 yr fixed rate

3.75% 3 yr fixed rate with no fees. Available to 95% loan to value. Free valuation for first time buyers

5 yr fixed rate

3.58% 5 yr fixed rate with £268 application fees. Available to 95% loan to value. Free valuation and £300 cashback incentive upon completion of the mortgage.

Book a free mortgage consultation

Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt that is secured on it.

The content on this website does not provide Financial Advice but provides information only. Advice can only be provided by a Regulated Mortgage Advisor.

Mortgage Advice. Where to go for the best mortgage deal.

Mortgage advice is essential. Choosing a mortgage is one of the biggest financial decisions you are likely to make. There are thousands of mortgage deals out there, so how do you choose the right one for you? From the many different providers to the extensive range of products and rates available sourcing a mortgage can be very complex.

Mortgage Advice

Lenders and brokers must offer advice by recommending the most suitable mortgage for you. A Mortgage Adviser will assess the level of mortgage repayments you can afford, by taking into account your income unsecured debt repayments and various outgoings.

If you choose your own mortgage without advice it’s called an “execution-only” mortgage application. Getting mortgage advice rather than on an execution-only basis means that, if for some reason the mortgage turns out to be unsuitable for you later on, you’ll have more rights when you make a complaint.

If you don’t take advice you could end up:

  • with the wrong mortgage for your situation, which would be a costly mistake in the long run
  • being rejected by your chosen lender because you didn’t understand the mortgage criteria. Too many credit searches by multiple finance companies can have an adverse affect on your credit rating.

Talk to a mortgage advisor

A mortgage adviser, also known as an independent mortgage broker, is a specialist with in-depth knowledge of the market. They are not restricted to one Bank’s mortgage products.

Mortgage brokers might charge you for their service depending on the product you choose or the value of the mortgage. Others will be free to you but they’ll receive commission from the lender.

They should tell you up front how much you will pay for their services. You should also be told if an adviser is paid commission. Once your broker makes a product recommendation they must give you a mortgage illustration document usually called a KFI – Key features Illustration

All mortgage advisers must offer you advice when recommending the most suitable mortgage for you. This means you are protected and you can complain to the Financial Ombudsman should the advice be unsuitable which results in a financial loss.

using a Mortgage Broker

      • They help you take all the costs and features of the mortgage into account
      • They may have exclusive deals with lenders, not otherwise available
      • They’ check your finances to make sure the mortgage is affordable
      • They should only recommend a mortgage that is suitable for you
      • They will complete the paperwork for you, so your application should be dealt with faster
      • They are regulated by the FCA – Financial Conduct Authority
      • They offer appointments outside of normal working hours for your convenience.

Life Insurance Quotation

Please complete the details below to obtain a Life Insurance quotation

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What type of life insurance is right for you?

Level term life insurance – if you pass away during the policy term the insurer will pay out a fixed level sum to your loved ones.

Decreasing term life insurance – this type of life insurance cover reduces in line with a repayment mortgage.

Critical illness insurance – this can be included within a life insurance policy. The policy will pay out if you are diagnosed with a critical illness within the policy term. Critical illness benefit can also be arranged as a separate policy.

Get the best Life Insurance quotation with Best Mortgage Services.

The information provided on this website is for information and guidance purposes only and does not represent financial advice. Financial advice is provided by our partner advisors who are regulated by the Financial Conduct Authority.

Life Insurance Quotation

Life Insurance Northern Ireland

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Find the Best Mortgage Deals in Belfast

Belfast Mortgage Adviser

Contact a Belfast Mortgage Advisor for the best advice and service. Partner Advisors with Best Mortgage Services have a wealth of experience in sourcing great mortgage and insurance deals for their clients.

Home and telephone appointments available to suit your schedule.

Benefits of using a Mortgage Broker?

  • They will meet with you at a time that suits your schedule
  • Talk you through the full application process
  • Check affordability and obtain an agreement in principle
  • Process your application and liaise with solicitors and estate agents
  • Ensure you are provided with the best mortgage protection advice
  • Contact you when your mortgage is due for renewal to ensure your interest rate is always competitive. This could save you thousands over the term of the mortgage.
  • Your local Mortgage Broker is just a phone call away to assist with all areas of Financial Planning

Book an appointment with a local Advisor.

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By submitting this form you agree to being contacted by a regulated mortgage broker to assist with your query. Your details will not be sold to any third party and will not be used for future marketing purposes. We hate spam as much as you do.

Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt that is secured on it.

Mortgage Advice Belfast

Best Mortgage Services are proud to work with the best Mortgage Brokers in Northern Ireland providing a great service to customers. Not all UK lenders will lend in Northern Ireland and it is important to speak to a mortgage broker who knows the local market inside out.

Mortgage Advisors Belfast

Not all UK lenders offer mortgages in Northern Ireland so local brokers use their expert knowledge to match you to the best mortgage solution. Whether you are buying your first home, a buy to let investment or seeking a better remortgage deal a local broker will ensure that you get the very best deal.

Mortgage Broker Belfast

Your local mortgage broker will do all the paperwork, submit the application to the lender and advise what other documents are required to process the case to a mortgage offer. Once your mortgage completes they will diary it for review in the future to ensure that you continue to get the best mortgage deals. They will also assess your needs regarding mortgage protection protects such as life insurance, critical illness insurance and income protection.

Book a free mortgage consultation.

The information provided on this website is for information and guidance purposes only and does not represent financial advice. Financial advice is provided by our partner advisors who are regulated by the Financial Conduct Authority.

Life Insurance

Life Insurance PolicyThe one thing we all have to face at sometime in our lives is the inevitable fact that we are going to die. As individuals we don’t know when this event will take place. We need to plan for this event to ensure that our loved ones are financially secure. An Insurance Broker is vital to go through the maze of options and to put in place the best life insurance policy for you and your family.

Request a quotation

It is highly recommended that a life insurance policy is in place to cover a new or existing mortgage. In the event of your death the insurance policy will pay off the mortgage and the family home will be owned outright.

Life Insurance Policy

Life InsuranceLife insurance protection is not just for people who have a mortgage. If you are the main wage earner in the home it is important to provide financial security for your family if tragedy were to occur. This can be provided via an insurance policy that pays a one off lump sum or a policy that pays a yearly amount for a defined number of years providing ongoing financial security for your family.

Life insurance is commonly referred to as mortgage protection, term assurance, life cover, family cover, funeral cover or even a death policy. It is an easy and inexpensive way to provide for your loved ones financially and peace of mind for you.

An Independent Insurance Advisor will secure the right Life Insurance protection policy for you.

Request a quotation.

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General Enquiry

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What is the best Income Protection insurance cover

income protection insuranceWhen looking for income protection insurance it is reasonable to wonder what is the best policy but this can be hard to pin down as it will depend on your individual circumstances and requirements. You may have savings for example which will allow you to increase the deferred period before a claim is made which will reduce the monthly premium you will pay. Each person’s financial circumstances differ and it is important to tailor a policy to match your individual needs.

However, if we consider which policy could be the best based on the plans coverage, and terms and conditions you should be able to narrow down your search considerably.

Which providers offer the best coverage for Income Protection insurance?

This really depends on whether you are looking for accident & sickness (AS) cover or whether you are looking for accident, sickness & unemployment (ASU) protection.

If you just require accident and sickness insurance then the best policies tend to have an Own Occupation Incapacity definition and the ability to pay out long term.

Own Occupation Incapacity Definition

This means that the income protection insurance plan will payout if you are unable to undertake your specific job due to any illness or injury. Lesser incapacity definitions include ‘suited occupation’ cover (where the insurer would assess your skills, experience and education and could decline a claim if they thought you were capable of undertaking another ‘suited’ job) and ‘activities of daily living / work tasks’ (where the insurer would make you undertake functional tests like walking or getting dressed before they would pay a claim).

It is important to take out a plan that provides ‘own occupation‘ incapacity protection so you are covered in your specific job role.

Ability to Payout Long-Term

Given LV’s average payout length in 2011 of 7 years it makes sense to take out a plan that wouldn’t limit the length of time it can payout for (i.e. it can payout until retirement if you are unable to return to work). A basic payment protection plan may appear more attractive due to lower premiums but the benefit is only paid out for 12 months. This is of little use if you are long term sick and not likely to return to work.

Unemployment cover

When looking for accident, sickness and unemployment cover great care needs to be taken as most of these polices will be payment protection plans.
Payment protection plans often use the suited occupation definition of incapacity (where you are not actually covered in your own job role), have reviewable premiums (where the insurer has the right to change the amount they charge you) and can usually only payout for a maximum period of 12 months.

Read the small print

When deciding which income protection plan is best for you check the terms and conditions as there are some plans in the market that would switch from own occupation cover after 12 or 24 months of a claim. We generally do not recommend these plans in favour of policies that would use the own occupation incapacity definition throughout the entire length of a claim.

For Advice on Income Protection

For more information on your options please contact us.

Income Protection

Income protection insurance provides peace of mind. Each year close to one million people find they are unable to work due to illness or serious injury. If you could not work could you survive on savings, Government benefits or sick pay from work? Would this be sufficient to pay the bills? It does not just apply to people who have children or other dependents. If the bills cannot be paid then you should consider an income protection policy.

Click here for an Income Protection Quotation

What is Income Protection Insurance?

Income protection insurance is a long term policy which provides an ongoing payment if you are unable to work due to illness or serious injury.

  • It pays out until you start working again, retire, die or to the expiry of the policy, whichever comes sooner.
  • You decide a waiting period before payments start. The longer the waiting period, the lower the monthly premiums will be.
  • You can claim as many times as you need to while the policy is still in force.
  • Definitions and premiums vary among insurance companies and it is recommended to seek advice from an Independent Advisor or Broker.

It is important not to confuse an income protection policy with critical illness insurance. Critical illness insurance will pay out a one off lump sum on the diagnosis of a specific serious illness.

How much does Income Protection cost?

The cost of a policy will be based on a number of factors including

  • Your age
  • Smoker or non smoker
  • Percentage of your income that you would like to cover
  • Your current health, your weight and family medical history
  • Your occupation.

Secure the best income protection policy to suit your requirements.

Income Protection Quotation

Stamp Duty Rates

Residential Property Stamp Duty Rates

A purchaser pays Stamp Duty Land Tax (SDLT) on all residential purchases above £125,000. Property prices below £125,000 pay zero rate SDLT. Note that this only applies to residential property purchasers. The rates of stamp duty are as follows

£125,000 or below = 0%
£125,000.01 – £250,000 = 2%
£250,000.01 = £925,000 = 5%
£925,000.01 – £1,500,000 = 10%
Above £1,500,000.01 = 12%

For example, a property is purchased for £300,000.

First £125,000 = £0
2% between £125,000 and £250,000 = £2,500
5% between £250,000 and £300,000 = £2,500

Total stamp duty = £5,000.

Stamp Duty Rates for Buy to let Landlords

Buy to let landlords are set to be hit with an extra 3% stamp duty on the above rates from April 2016. In the above example of a £300,000 property purchase, stamp duty on the first £125,000 will be at 3% = £3,750. The next £125,000 will have a rate of 5% = £6,250. The final £50,000 will be taxed at 8% = £4,000. Total stamp duty tax = £14,000. That is a £9,000 increase.

It is not just landlords that will be hit but anyone owning a second home. This could be parents buying a property for their children or a couple setting up home where one is already a homeowner.

The higher rates will only apply to additional properties purchased in England, Wales and Northern Ireland on or after April 1 2016. Transactions below £40,000 are exempt as well as transactions involving houseboats and caravans.