Categories: Financial Services in Shrewsbury
Opening Times: 9.00 am to late
Mortgage/Remortgage Need a mortgage to buy your home or simply remortgage Whether you are a first time buyer or a homeowner, it makes sense to shop around for the right mortgage. That doesn't mean you have to trudge around all the high street banks and building societies. We will look further to find you the right mortgage to suit your individual needs saving you a lot of time and effort. Not only will we find you the best deal, we will provide you a qualified adviser to guide you through the many pitfalls involved in house purchase. We can arrange a remortgage for any lawful purpose including home improvements, debt consolidation and business purposes. Buy To Let Buy-to-let mortgages are for investment properties. As with regular domestic home loans there are many products on the market ranging from special offer deals to fixed and variable rate loans. With a buy-to-let mortgage some lenders will only consider your rental income when offering a mortgage, while others will place more emphasis on your normal earnings, especially if you only have one or two rental properties. We are here to help More than any other type of mortgage you have to get the right buy to let mortgage if you are going to profit from your property. Your expected rental income must exceed your mortgage repayments by a certain percentage. For example your mortgage lender may require a rental income of between 100% and 130% with the most common percentage being 125% at this time. Your lender will also want to establish whether the property you are buying is a good long term investment. Buy-to-let mortgages are subject to the usual status checks. Generally buy-to-let mortgages are available for between five and 45 years and for up to 80% of the property value or purchase price whichever the lower is. When considering a buy-to-let it is also necessary to bear in mind any additional costs such as letting agent's commission, insurance premiums for building and contents cover and rental and legal expenses cover, the costs of keeping the property in a suitable condition for letting, service charges and ground rents if the property is leasehold. Not all forms of mortgage are regulated by the Financial Services Authority. We can even provide you a solicitor at very competitive rates. Call us now on 01743 233422.
Life cover and insurance There are still too many people that use one insurance company and do not shop around. These people lose hundreds of pounds each year on expensive insurance policies. Make sure you are not one of them. Call us now for an obligation free quote. See below an example of some of the types of insurance we can provide you. Level term life insurance (or assurance) Provides a fixed lump sum payment should you die within a specified period. Level term life insurance (or assurance) with critical illness Provides a specified lump sum payment should you die or suffer a critical illness within a specified period. Mortgage protection cover Providing a decreasing lump sum payment to cover your outstanding mortgage, should you die within the specified period. Mortgage protection cover with critical illness Providing a decreasing lump sum payment to cover your outstanding mortgage, should you die or suffer a critical illness within the specified period. Accident, sickness and unemployment insurance Since 1995 if you became ill or redundant the social security does not offer any help to you for the first 39 weeks. This plan (MPPI) provides sufficient income on a monthly basis to cover your mortgage payments. In many cases a claim cannot be made on redundancy cover until the policy has been in force for at least 90 days, likewise 30 days for sickness. For the self-employed there are policies around where you can't make a claim for illness until you've been ill for 30 or 60 days (depending on the policy that you have), but if you are ill for longer than the deferral period, then benefits are back dated to day one. As with all other types of insurance there is the (it won't happen to me) chance, however, it will happen to someone probably right now, the old saying of "prevention is better than having to cure" is of paramount importance as we are all wiser in retrospect. Business Protection Business Protection aims to reduce the financial impact of death or critical illness affecting key people within your business. Business protection plan has been specifically designed for the following situations: ÃÂÃÂÃÂâÃÂÃÂÃÂÃÂÃÂÃÂÃÂâ Business Loan protection ÃÂÃÂÃÂâÃÂÃÂÃÂÃÂÃÂÃÂÃÂâ Key person protection ÃÂÃÂÃÂâÃÂÃÂÃÂÃÂÃÂÃÂÃÂâ Partnership or Shareholder protection Business Loan Protection If you intend to secure finance through commercial loans you may want to consider the following:- A commercial lender will often make a business loan subject to repayment on the death of certain, often key, individual. Alternatively, if finance has come from a director's loan account, if the director were to die then their estate may demand repayment of the outstanding loan. Have you thought how your business would meet any ongoing repayments, if one of your key people died? How would you finance full repayment should the lender call-in the loan early? Business loan protection can help to protect the future financial resources of your business by providing it with a cash sum that can be used to help repay a loan on the death of a specific individual. It is also possible to arrange for a cash sum to be paid out, if the key person suffers a critical illness. Key Person Protection Your employees are one of the most important resources for the future success of your business. Have you given thought to how your company would cope if a key member of staff were to die or suffer a critical illness? The death or critical illness of a key person is likely to have a significant impact on your business. You could suffer a loss of profits, be unable to quickly recruit a suitable replacement and face significant disruption to your activities. However, you can help protect the future survival of your business with key person protection, which can help you financially cope with the loss of a key person. Shareholder or Partnership Protection This applies to you if you're a shareholding director, or in a partnership. The success of your business can depend on those who own and run the business. Have you ever considered how your business would cope if a partner or shareholding director died? It is likely that the death of a partner or shareholding director would have a huge impact on the future of your business. The surviving partners or directors may struggle to continue the business or even to retain control of it. In the worst-case scenario, the financial strain may force the business to cease trading. Similar problems could arise if a partner or shareholding director were to suffer a critical illness. Your share in the business will be one of your most valuable assets and you will doubtless wish to protect this value for the benefit of your family. Business protection can provide funds on the death of a partner or shareholding director. A legal agreement ensures that these funds are used to purchase the deceased's share of the business from their estate. It is also possible for a similar payment to be made if one of the partners or shareholding directors suffers from a critical illness. Protecting the value of your business If you depend heavily on the skills and judgements of others within your business, who are vital to its effectiveness and profitability, it may be worth stopping to consider how much of an impact it would be if they died or became seriously ill. It could cause:- ÃÂÃÂÃÂâÃÂÃÂÃÂÃÂÃÂÃÂÃÂâ Loss of profit ÃÂÃÂÃÂâÃÂÃÂÃÂÃÂÃÂÃÂÃÂâ Interruption to cash flow ÃÂÃÂÃÂâÃÂÃÂÃÂÃÂÃÂÃÂÃÂâ Disruptions to loan repayment ÃÂÃÂÃÂâÃÂÃÂÃÂÃÂÃÂÃÂÃÂâ Changes in shareholder control In some instances the financial burden can be so great, that the business is unable to continue. The concept of business protection allows you to put in place arrangements that ensure the necessary funds become available on the death, or serious illness, of those key to your business. These funds can be provided through the use of appropriate life cover. Call us now to arrange an obligation free quotation. Buildings & Contents Insurance Not all Home Insurance policies are created equal In one respect, it's getting ever easier to arrange your home insurance. There are a huge variety of websites and call-centres and brokers, all vying to compare large numbers of quotes for you. The problem is that they are very unlikely to be comparing like for like quotes. How do you know if youÃÂÃÂÃÂâÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂre getting a good deal ÃÂÃÂÃÂâÃÂÃÂÃÂÃÂÃÂÃÂÃÂæor just a cheap product? Unless youÃÂÃÂÃÂâÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂre prepared to sift through the wide variations in cover that lie behind the prices, then you donÃÂÃÂÃÂâÃÂÃÂÃÂÃÂÃÂÃÂÃÂÃÂt. The good news is that we can offer you the choice. Either click on below now or call us and we will do it all for you. Commercial Property & Liability Insurance Walker Finance specialises in business insurance products for a wide range of sectors including insurance for shops, pubs, restaurants, landlords block policies, offices, contractors, hotels, guest houses, manufacturers, wholesalers, property owners, clinics, dental surgeries and commercial vehicles. Also cover for tradesmen including painters, plumbers, tilers, electricians and plasterers. Policies can insure you against a range of risks including employers' and public liability, contents cover and optional extras such as buildings, business interruption cover, computer breakdown and theft by employees.
Healthcare Walker Finance is able to offer health insurance advice on the following products: Private medical insurance for groups and individuals International private medical insurance for groups and individuals Dental insurance for groups Medical cash plans for groups and individuals Wellness programmes for groups Whether you have a scheme in place already, or are thinking about setting one up, we can help by reviewing the market on your behalf and finding the best options to meet your needs and budget. If you do already have a scheme in place, consider the following: If you are happy with your current insurer, we may be able to negotiate better terms with them for you due to our size and strength. If you are happy to consider other alternatives, we may be able to find you better cover at a lower price (we have access to unique products not available elsewhere). If you already use an insurance broker, we may be able to find better terms than they have obtained for you - again we have access to unique products. To engage Walker Commercial Finance to help review your health insurance needs at no cost and with no obligation, talk to us now: Workplace absence - did you know? Workplace absence cost UK business £12.2bn in 2004 (CBI Absence survey 2005) 176 million work days were lost to sickness in 2007 (BUPA 2008) The cost of workplace absence has risen to over £600 per employee per year (CIPD annual survey 2005) Work related stress affects about one in 5 workers (HSE press release 2004) Stress, depression, anxiety and musculoskeletal disorders are the top causes of workplace absence (Health & safety statistics highlights 2003/ 4) Almost 1 million people are currently waiting for an operation in the NHS (BUPA 2008) Industry facts (Health Insurance magazine 2008) Construction lost 8.3 days per employee per year At a cost of £1,036 per worker Manufacturing lost 7.6 days per employee per year At a cost of £676 per worker Engineering lost 6.7 days per employee per year At a cost of £632 per worker Telecommunications lost 5.6 days per employee per year At a cost of £1,234 per worker Retail lost 7.8 days per employee per year At a cost of £476 per worker Finance lost 7.3 days per employee per year At a cost of £606 per worker Legal lost 6.2 days per employee per year At a cost of £504 per worker A well managed private medical insurance scheme can help reduce the enormous cost of staff absence, often for as little as 2-3% of payroll whilst at the same time helping to attract and retain key staff. It can be a benefit with a true return on investment.
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