The friendly way to make sense of your money
National Friendly Financial Solutions, the specialist phone-based financial advice service, has launched a new mortgage advice service believing this will encourage particular interest from the over 50s looking for a main home mortgage. The new service will sit alongside National Friendly Financial Solutions’ other business lines, which include will writing, pensions and retirement planning, tax efficient investment planning and savings, and estate planning.
Announcing the launch, experienced Mortgage Adviser Craig Richards said,
“Our new mortgage service aims to meet the specific needs of the over 50s who may be looking to re-mortgage, take out a new home loan, help finance their children on the housing ladder or simply extend their existing mortgage beyond retirement age. Historically, lenders only granted a mortgage until the normal retirement age, but increasingly more and more lenders will now offer funding well into a person’s 80s. We have found demand for this style of lending is concentrated in the over 50s, a specialist market National Friendly Financial Solutions is very experienced in supporting.”
The new phone-based service will fit neatly into a post-coronavirus world, where face-to-face contact is on the decline, yet a personalised, trusted service still very much demanded.
With more emphasis on staying at home, National Friendly Financial Solutions also believes there will be demand for their new mortgage broking service, as customers look to upgrade or adapt their own homes to make them more suitable for longer retirements.
“One of the most frequent requests amongst over 50s is for home improvement finance,” said Craig.“Increasingly, people now want to stay in the communities where they have built up lifelong contacts, so the emphasis is shifting from buying a car or a new house to adapting the home, perhaps to look after a parent or even with an eye on their own needs later on. This kind of work could be financed via a mortgage, as costs can be substantially lower than some other forms of finance,” said Craig.
Details of the new service are available via the new National Friendly Financial Solutions website, with easy contact links. The web address is https://nffs.co.uk/other-services/mortgage-advice-service/
