Hanson Financial Partners Ltd
A Chartered Financial Planning Firm providing independent financial advice and independent mortgage advice to thousands of police officers over the years. IFAs for PFEW JCC since 2008.
Expert advice in collective investments and ISAs, estate planning, residential mortgages and buy to let mortgages. Specialist advice for landlords with buy to let portfolios.
Our expertise as financial planners, combined with specialist knowledge of the police pension scheme and group insurance schemes, allows us to tailor solutions to suit the individual needs of police officers.
Whether it is someone starting their career or whether it is a retiring officer looking to maximise income and minimise tax we are here to help.
Initial meetings or telephone consultations with one of our specialist are provided at no charge to police officers and staff.
“Stress resulting from financial pressures is a problem that affects many people and can largely go undetected by colleagues. Unlike work related pressures it’s something that people will tend to keep to themselves rather than discussing openly and it can have serious negative influence on the wellbeing of individuals and family units. Sometimes however, those pressures can be relieved by chatting to someone whose specialist knowledge of finances can help identify solutions. Sadly, some people leave it too late to resolve issues and end up with a poor credit history which leads to even deeper problems. Charitable organisations such as Step Change or the National Debt Line offer free of charge help to people whose debt levels have become unmanageable, however doesn’t it make sense for people to take good advice before the problems occur?
Professional financial advice with mortgages and loans can make a huge difference in ensuring that staff are getting the best deals for their personal circumstances. Over 70% of mortgages in 2016 were arranged by brokers so lenders need to offer competitive deals to gain a share of that market. These are usually deals that are not available on the high street. Additionally, lenders have different views on how they assess affordability for police officers. For example some won’t lend beyond age 60 and other will deduct pension contributions from income to determine affordability. Knowing the different lenders criteria in advance makes it possible to secure the best deals without risking an application being rejected. Brokers with significant experience of assisting police personnel are therefore best place to help.
PolFed Mortgages is a telephone and email based independent mortgage broker service and they can make themselves available seven days a week between 09.00 and 21.00. They’ve helped thousands of police officers, staff and their families over the years as they have specialist knowledge of police remuneration and therefore how to present the applications to all of the different mortgage lenders. The service includes free of charge initial advice and quotes for both new mortgages and mortgage switching on residential and buy to let portfolios.
It’s an extremely convenient option that will suit the variable shift patterns of police personnel and there is no need to make a journey to a face to face appointment. See www.polfedmortgages.co.uk for more information.”
For many years now, most lenders have offered a ‘free legal and valuations’ service when switching mortgages from one lender to another. Removing these additional fees meant that it was easier and cheaper to take advantage of lower interest rates on offer from another lender or to borrow extra money for home improvements, repay expensive loans etc. The downside of this is that the lenders used very low cost conveyancer firms to complete the legal work. You tend to get what you pay for so service levels were generally not great. That stance is changing with lenders now offering cash back payments of typically £500 to help with fees and leaving the choice of solicitor to the clients or the Mortgage Broker. Online systems make switching lenders extremely easy nowadays. As part of our service we automatically review rates for all of our clients when due. Anyone with a mortgage should make sure that they are registered with a qualified Independent Mortgage Broker carrying out client reviews to avoid paying too much every month. The PolFed Mortgage free review quotation service is available to all police officers and staff and it’s easy to get a quote. We’ll tell you if you’ve got the best deal already and we’ll check it again automatically when your current deal ends.