Pioneer Mortgage and Protection Limited

A study has found that prospective buyers would improve the energy efficiency of their property in order to get a better mortgage deal. Green mortgages are on the rise, encouraging borrowers to make their homes energy-efficient by rewarding them with cashback or better interest rates. However, over half (51%) of future buyers did not think they could afford the cost of the improvements. Better mortgage rates were not the only reason why respondents were keen to make their home more eco-friendly. 36% thought improving the energy efficiency would make their home more liveable, while 32% said it would make it easier to sell. If you’re considering a green mortgage, get in touch – we can explain your options - enquiries@pioneermortgage.co.uk Your home may be repossessed if you do not keep up repayments on your mortgage. #MortgageAdvice #GreenMortgages #MortgageRates

If you already have adequate cover in place, it can be easy to assume that there is nothing more to be done. However, there are extra steps you can take to make sure that you and your loved ones are fully protected in the event of a claim. Writing life insurance policies in trust - Having sufficient life insurance is a significant way of safeguarding your loved ones’ financial future. But you can go the extra mile by writing that policy in trust. Putting your life cover in trust gives your trustees the authority to deal directly with the pay-out when you die. This means that funds can swiftly be made directly to the beneficiaries, without having to go through probate. Also, it won’t be considered as part of your estate so will not be subject to Inheritance Tax. There are a few different trusts to choose from: 🔹 Discretionary trusts – the trustees can use your letter of wishes to help decide which beneficiaries should be paid 🔹 Absolute trusts, sometimes known as bare trusts – once you have decided on the beneficiaries, they cannot be changed in the future by a trustee 🔹 Flexible trusts – there will be a default beneficiary who will receive full pay-out, unless the trustees choose to appoint some funds to other discretionary beneficiaries 🔹 Survivor’s discretionary trust – if you have taken out joint life insurance with a partner, they would be entitled to inherit the pay-out before your beneficiaries. Putting your policy in trust does not have to be complicated. We can talk you through your options and help you choose the right trust for you and your beneficiaries.  Legal protection for joint homeownership - Marriage rates are declining and cohabitation is on the rise, which means that many couples are buying homes together without sufficient legal protection. In a recent survey, 46% of people who have bought a home with their partner said they did not pay equal amounts of the deposit 1️⃣ and nearly 62% said their partner paid the entire deposit. Despite this discrepancy in investment within couples, 53% said they have no legal documentation in place to protect themselves if their relationship ends. Declaration of trust - A declaration of trust is a legal agreement between joint owners of a property. It clarifies each person’s share in the property, and ownership rights, and states what would happen if the property was sold. If you are buying a home with someone else, or a family member is contributing towards the deposit, it is strongly advised that you make a declaration of trust - it could be vital in preventing any future disagreements. As with all insurance policies, conditions and exclusions will apply. Your home may be repossessed if you do not keep up repayments on your mortgage. 1️⃣ We Buy Any Home, 2024 #Protection #Insurance #MortgageAdvice

Thinking about purchasing a new build home? 🏡 Let Pioneer Mortgages make the journey easier for you! Our team simplifies the mortgage process, offering guidance on funding options like part exchange and shared equity programs. We'll keep everything running smoothly by maintaining clear communication with you, your solicitor, and the developer every step of the way. From start to finish, we ensure all the details are taken care of so you can focus on moving into your dream home. Ready to explore your new build options? Contact us today at enquiries@pioneermortgage.co.uk #NewBuild #MortgageSupport #DreamHome

In June, the housing market saw a boost in stock as sellers hoped to get ahead of any post-election market boom 1️⃣. Over a two-week period in June, 102,035 new sellers listed their property – a 22.9% increase when compared with the number of new homes that were put on sale at the start of this year. Sales activity increased in every UK region, with Scotland seeing the highest increase in stock – 5,060 new homes listed. Historically, there has been a boost in market activity in the month after a general election, so it is likely that many sellers were hoping to benefit from this again. Do you want to understand what the new Labour government means for you and your housing plans? Contact us for advice: enquiries@pioneermortgage.co.uk Your home may be repossessed if you do not keep up repayments on your mortgage. 1️⃣ Home Sale Pack, 2024 #MortgageAdvice #Housing #HousingMarket

Buying a home can feel overwhelming, but at Pioneer Mortgages, we’re here to guide you through every step with ease. Whether you're a first-time buyer or seasoned in the market, our expert team is ready to make the process stress-free. We help you find the best mortgage rates, determine the right mortgage type (fixed, variable, tracker, or discounted), and provide advice on valuations, surveys, solicitors, and insurance. Plus, we recommend regular mortgage reviews to ensure you're always getting the best deal. Let us make your homebuying journey smooth and simple. Contact us today at enquiries@pioneermortgage.co.uk for expert advice. #HomeBuying #MortgageAdvice #Mortgages

A recent survey has found that 28% of young adults with a mortgage do not have life cover 1️⃣. It is estimated that there are 1.7 million homeowners in the UK who risk leaving their loved ones unprotected in the event of their death. When asked why they do not have life insurance, 23% said they did not think it was a priority expense, 22% hadn’t thought about it and another 22% said they could not afford it due to the cost-of-living crisis. Getting financial advice was the most popular resource for those seeking cover, highlighting the importance of speaking to a professional. We’re here to help - get in touch for advice on your life insurance. As with all insurance policies, conditions and exclusions will apply. Your home may be repossessed if you do not keep up repayments on your mortgage. 1️⃣ Beagle Street #Insurance #LifeInsurance #Homeowner #MortgageAdvice

At Pioneer Mortgages, we offer a wide range of services to meet all your property needs: New Build: Explore financing options for new build homes, including Help to Buy and shared equity schemes. Remortgages: Looking to upgrade or secure better rates? We’ll find the best remortgage deals tailored to you. First-Time Buyers: Step onto the property ladder with confidence as our expert team guides you through every stage. Mortgage Advice: Get personalised advice on mortgage types, valuations, surveys, and more. Buy-to-Let: Whether you’re starting your buy-to-let journey or expanding your portfolio, we provide tailored solutions to help you succeed. Protection: Safeguard your future with our life, income, and asset protection plans. Expert Guidance: Benefit from specialised advice to ease your mortgage worries and make informed decisions. Reach out to us today and discover how Pioneer Mortgages can help achieve your property goals. Contact us at: enquiries@pioneermortgage.co.uk #MortgageAdvice #PropertyGoals #HomeBuyers

The number of people taking out protection policies continued to decline last year according to research 1️⃣. In 2023, purchases of new long-term individual protection policies decreased by 5.5% – this includes term life insurance, whole of life cover, critical illness and income protection. The term life insurance market experienced the most significant drop, with a 10.4% fall in new policies. However, there was some growth in the uptake of income protection. Higher mortgage rates are believed to be partly responsible for this decline, as the higher cost of borrowing has caused the nation to tighten their purse strings. But being unprotected could be detrimental to you and your family’s financial future if anything happens. As with all insurance policies, conditions and exclusions will apply. 1️⃣ Swiss RE, 2024 #Insurance #MortgageAdvice #MortgageRates

Thinking about buying the house you're renting? 🏡 Gail Bailey CeMap, one of our Mortgage and Protection Specialists, explains what you can expect when purchasing your rental home from your landlord. #HomeOwnership #RentToBuy #MortgageAdvice

A recent report has found that most young adults in the UK do not have life insurance 1️⃣, even though it is one of the most important financial products that you could have. Cost-of-living crisis - Over half (51%) of adults aged 18-40 admitted they do not have life cover, with many concerned about affordability due to the higher cost of living. But it is more important than ever to make sure that your loved ones have a financial safety blanket, so they do not have to fend for themselves if you are no longer around. The cost of losing someone - It is estimated that the death of a breadwinner costs their surviving family an average of £195,000 over ten years. However, this only covers the cost of essentials – the likelihood is that it will cost the bereaved, surviving partner more. Even if you are not the main breadwinner, life insurance is still relevant to you – any caring responsibilities you have would fall to someone else, which could then cost them money. Don’t overlook it - Over a quarter (28%) of young adults without life cover say they simply hadn’t thought about it. Now is your chance to take control and get a policy which will safeguard the future of your loved ones. As with all insurance policies, conditions and exclusions will apply. 1️⃣ Beagle Street, 2024 #Insurance #LifeInsurance #MortgageAdvice