Just Do Property » Zoe Cairns

Can you put a price on life?

Zoe Cairns — Wed, 25 Aug 2010 09:12:24 +0000

Can you put a price on life?

Of course not, no amount of money can ever compensate for the death of a loved one. However, whilst it cannot ease the pain, cash from a life assurance policy can help with the financial difficulties that often arise as a result.

Where most people will have insured their home, possessions and car, often the most important element is overlooked – you!

If you have life assurance to protect your family in the event of your death, you will receive peace of mind in the knowledge that if anything should happen to you, those you leave behind will be taken care of financially.

Life cover will ensure that your family will have money at the time when they will need it most.

So, how do you decide how much cover you need and which is the most appropriate plan for you, with many insurance companies offering a range of life products?

The choice can be somewhat bewildering, but with my help, the whole process can be a smooth and easy one.

Zoe Cairns Financial Services is independent and can search the whole of market on your behalf and recommend the most appropriate level of cover and most suitable product for your personal circumstances.

So, for no-nonsense and truly unbiased advice, simply call me to arrange a confidential review and let us find the best policies for you.

Zoe Cairns
“Zoe Cairns Financial Services is an appointed representative of TenetLime Ltd which is authorised and regulated by the Financial Services Authority”

Top Ten Buy To Let Rates

Zoe Cairns — Fri, 16 Apr 2010 09:23:28 +0000

Zoe Cairns our resident Mortage Advisor has provided us with a up to date list of mortages available on the market:

Interest Rate	Max LTV	Product Detail	Completion Fee	ERC’s
2.99% Tracker	60%	Variable tracker rate of BBR + 2.49% until 31/05/2011 then reverting to the lender’s standard variable rate which is currently 4.99% for the remainder of the term. This product is available up to 60% LTV and there is a rental calculation of 125% at a notional rate of 4.99%. An application fee will apply.	3.5% (min £595)	3% of amount being repaid until 31/05/2011
3.39% Fixed	70%	Light refurbishment scheme for minor improvements to be carried out within 3 months of completion. Fixed rate of 3.39% until 31/05/2011 then reverting to the lender’s standard variable rate which is currently 4.99% for the remainder of the term. This product is available up to 70% LTV and there is a rental calculation of 125% at a notional rate of 4.99%. An application fee will apply.	3.5% (min £595)	5% of amount being repaid until 31/05/2011
3.99% Tracker	70%	Variable tracker rate of BBR + 3.49% until 31/05/2012 then reverting to the lender’s standard variable rate which is currently 4.99% for the remainder of the term. This product is available up to 70% LTV and the rental calculation is 125% at a notional rate of 4.99%. An application fee will apply.	3.5% (min £595)	3% of amount being repaid until 31/05/2012
4.34% Tracker	70%	Limited company product. Variable tracker rate of BBR + 3.84% until 31/05/2011 then reverting to a variable rate of BBR + 3.49% to give a current rate of 3.99% for the remainder of the term. This product is available up to 70% LTV and the rental calculation is 125% at a notional rate of 4.99%. An application fee will apply.	3.5% (min £595)	3% of amount being repaid until 31/05/2011
4.35% Tracker	75%	Variable tracker rate of BBR + 3.85% for 1 year then reverting to a variable rate of BBR + 4.19% to give a current rate of 4.69% for the remainder of the term. This product is available up to 75% LTV and the rental calculation is 125% at payrate. An application fee will apply.	3%	3% of amount being repaid for 1 year
4.59% Fixed	60%	Fixed rate of 4.59% until 31/05/2012 then reverting to the lender’s standard variable rate which is currently 4.99% for the remainder of the term. Legal fees are paid for remortgages. This product is available up to 60% LTV and there is a rental calculation of 125% at payrate. Maximum loan £150,000. An application fee will apply.	£999	4% of the original balance being repaid until 31/05/2012
4.99% Variable	70%	Lender’s standard variable rate which is currently 4.99% for the lifetime of the loan. This product is available up to 70% LTV and there is a rental calculation of 125% at payrate + 0.5%. An application fee will apply.	£1499	3% of amount being repaid until 30/11/2010
5.69% Fixed	60%	Fixed rate at 5.69% until 31/07/2012 then reverting to a variable rate of 4.00% over BBR (collared at 1.00%) to give at current rate of 5.00% for the remainder of the term. There are free legals for remortgages. This product is available up to 60% LTV and the rental calculation is 125% at a notional rate of 5.00%. There is a £140 booking fee and an application fee will apply.	£1495	5% of amount being repaid until 31/07/2012
5.95% Fixed	75%	Fixed rate of 5.95% until 01/07/2013 then reverting to a variable rate of BBR + 3.99% to give a current rate of 4.49% for the remainder of the term. This product is available up to 75% LTV and the rental calculation is 125% at payrate. An application fee will apply.	2.5%	3% of amount being repaid until 01/07/2013
5.99% Fixed	70%	5.99% fixed until 31/05/2012 then reverting to the lender’s standard variable rate which is currently 4.59% for the remainder of the term. This product is available up to 70% LTV and the rental calculation is 130% at the payrate. Free valuation & standard legal fees for remortgages. An application fee will apply.	£1499	3% of amount being repaid until 31/05/2011, 2% of amount being repaid until 31/05/2012

For More Information Call Zoe on the Mortgage Desk and Quote Ref: JDP

How not to tie up all your cash in one deal!

Zoe Cairns — Mon, 29 Mar 2010 11:00:17 +0000

Zoe Cairns: How not to tie up all your cash in one deal!

We all know how hard it has been over the last few months with the mortgage lenders, changing criteria on a daily basis, tough credit scoring and declining applications for no reason.

BUT, a great product that has entered the market is a fantastic Light Refurbishment Product which allows you to purchase unletable properties with a mortgage rather than tying up all your cash into one deal!!

The Light Refurbishment deal enables you to buy a property at 70% current value, and once works have been carried out they will then lend you 70% of the after works value, a maximum of £25k can be released subject to a successful reinspection from the valuer.

The key is to have your schedule of works you are going to carry out on the property when the valuer comes to do the first survey. The valuer will then be able to make a note in the valuation report as to what he feels the after works value will be from the works you have planned to undertake. Please note that these works have to be carried out within 3 months from completion of the initial advance.

This is a super product that can be used to buy these auction and repossession properties that need some work done on them and are not in a lettable state. As most lenders will not lend on those type of properties. This Light Refurbishment deal is your answer!!!

An example of where it may work:

Auction Property (Probate – needs some modernisation, new kitchen and central heating)

Purchase price – £70,000 (current value)
Afterworks value – £95,000
Works to be done – £5000

We could initially borrow 70% of the current value = £49,000
Deposit needed – £21,000
Cost of works – £5000

After works we can then call out the valuer to reinspect and then raise 70% of the afterworks value (providing the valuer agrees with works carried out)
70% of afterworks value £95,000 = £66500
Which means you are raising an additional £17,500 (£66,500 – £49,000 already raised)

Amount raised £17,500 will pay for your refurbishment costs and £12,500 of your deposit, meaning that you will only be leaving £8,500 in the deal.

Many investors are using this product. Like I said earlier it is great for auction and repossession properties that need some minor refurbishment works carried out.

If you require any more information on the product explained above then please do not hesitate to contact me and we can go over your current deal.

I look forward to connecting with you soon.

To Your Successes

Zoe Cairns
“Zoe Cairns Financial Services is an appointed representative of TenetLime Ltd which is authorised and regulated by the Financial Services Authority”

If you would like to ask Zoe a question click here