Mortgages for Dentists – How to Grab Best Deals? | Medics Financial Services

Before you start looking for best deals on mortgages for dentists, you must be aware of the fact that there are numerous lenders available in the market and each lender offers mortgages for dentists at a different rate. To grab best deals on mortgages for dentists, you must seek expert advice from FSA approved independent financial advisors in order to learn all ins and outs of different mortgage schemes for dentists available in the market. For example, if you want to release some value of your home, you should choose equity release mortgage for dentists. 

Different mortgages for dentists have different interest rates. It is worth mentioning that you will get lowest interest rates on best mortgage refinance deals for dentists. To qualify for such mortgages for dentists, you need to remortgage your house but just having home loan doesn’t qualify you for best deals.  There are many other factors which can affect your chances of getting best deals on mortgages for dentists such as your experience in the profession, your credit rating and amount of loan in relation to the value of the property.

There are many lenders who consider dentists having lowest credit ratings as well but their interest rates will be higher accordingly. While many financial institutions offer attractive interest rates for all types of professions but you should choose one who offer attractive interests especially for dentists. It’s wise to seek assistance of independent financial advisory companies because they are expert in negotiations and they also know which financial institutions are offering mortgages for dentists at best interest rates.  

Most of lenders or financial institutions offer low interest rates to dentists having high credit ratings. If you have a lot credit score, you are more likely to get higher interest rates on mortgages for dentists. Your loan application can also get rejected due to poor credit ratings so before applying for any mortgage for dentist, it’s better to repair your credit score first.

Efficient Financial Solutions for Medical Practitioners – Here Is Some Great Advice

   

Financial Advice for Medical Practitioners

Generally, financial condition of medical practitioners remains very tight when they complete their studies and start preparations to start their practice. This is due to many reasons such as they have to repay their medical debts, they need to buy a new house, they need to maintain their family, they need to set up their clinic etc. Here comes the need of expert financial advisors who can provide good financial solutions for medicalpractitioners and help them take the road to a secure financial future. 

If you have recently started your medical practice, here is some great financial advice for you. 

How will you survive if you become ill or meet an unexpected accident? These are very bad things that can happen anytime and in this situation, you won’t be able to earn a living to repay your medical debts or support your family. To survive in this situation, it is very necessary for you to have health insurance. So once you get a job, make sure to have a good health insurance policy immediately. 

You must also buy a good income protection plan so that you can receive some percentage of your monthly income tax free during the time when you are out of job until the time you return to work.  In this way, you can easily support your family and repay your medical debts or mortgage loan if you have bought your own house. 

Last but the not the least important thing that you need to do immediately is buy a good retirement plan. It’s a tax efficient way to save for your retirement. You pay premiums and then when you retire, the funds that you have built up can be used to provide you with an income for the rest of your life.  These are some great financial advice for all medical practitioners. For any query or if you need efficient financial solutions for medical practitioners, please call Medics FS (A Financial Services Authority Approved Independent Financial Advisory Firm) at +44 (0) 1403 780 770 today or request a same day quotation by completing the simple inquiry form given at http://www.medicsfs.com/

Reasons for Choosing Professional Mortgage Services

You need professional mortgage services to get the best mortgage deal. For example, if you are buying a home for the first time and you don’t have any knowledge about the rules and regulations related to mortgage then choosing professional mortgage services can help you in avoiding costly mistakes and grab the best deals available in the market. 

A mortgage is an important long term financial commitment and missing its installments can cost you a large amount of money in forms of penalties. If you miss payments for a specific time period then the lenders may execute their legal rights and foreclose your property, leaving you homeless. Choosing professional mortgage services can help you avoid such problems. 

Another reason to choose professional mortgage service is the availability of so many mortgage loans in the market. Different persons have different requirements and it is very necessary to choose a mortgage loan that you can afford to pay on time. Choosing professional mortgage services can help you get the best deal and save you from having wrong type of mortgage loan. 

Also, professional mortgage services can give you valuable information that would have been very difficult to gain. They can help you in knowing the maximum loan amount that you are entitled to, the collateral required and other charges involved such as stamp duty. Such information can help you in making better financial planning. Otherwise, you may apply for a mortgage loan beyond your repay capacity and thus getting your loan application rejected. 

As, providers of professional mortgage services have many years of experience of providing best mortgage deals that best suits their clients requirements. They are aware of the best mortgage deals in your area. Their expertise gives them an edge when it comes to negotiations for better rates and thus you can enjoy lower interest rates on your mortgage loans. 

If you are looking for professional mortgage services in UK, feel free to call Medics Financial Services at +44 (0) 1403 780 770 today! For more information, please visit http://www.medicsfs.com/

Points to Consider When Choosing Remortgages for Dentists

Remortgage allow dentists to change their existing mortgage policy with a new mortgage loan from a new lender. It’s very easy and can be taken for various reasons. The main reason to go for remortgages for dentists is to raise some extra money. Since, with years, the value of your property increases, there is also an increase in the equity available in your property. Raising cash from remortgages for dentists is a great option if you need money for investment. Also, since remortgages offer you better interest rates, you can easily save a lot of money. Here are some important things that you must consider when choosing remortgages for dentists.

• Always take remortgage for something that itself grows in value. For example, you can remortgage to cash equity for home improvement work. Also, it is beneficial to remortgage if you need cash for business purpose, thanks to its tax benefits.

• Make sure you have a valid reason to remortgage. For example, remortgage is highly beneficial for debt consolidation. If you are burdened with unpaid debts, you can take remortgage for dentists to consolidate loans at lower interest rates. By choosing debt consolidation through remortgage for dentists, not only you can become debt-free but you also save thousands of pounds in the long run.

• Interest rates are the most important thing that you need to consider when choosing remortgages for dentists because they directly affect the costs for remortgage for you. Interest rates for remortgages for dentists are mainly regulated by Bank of England base rate. A rise or fall in the base rates of Bank of England lets to fluctuations in the variable interest rates of Remortgages for Dentists. It is worth mentioning that base rates of Bank of England don’t affect the fixed interest rates of remortgages for dentists. No matter which remortgage for dentists you are considering, you must be aware of the current interest rates and any perspectives of their growth in the coming months.

For any queries or for more information on remortgages for dentists, please call independent financial advisors of Medics Financial Services on +44 (0) 1403 780 770 or complete the simple enquiry form given on our website.

Common Types of Remortgages for Dentists in UK

Remortgage is taking another loan on your property from a different lender who will pay off your current mortgage so that you have to pay lower monthly installments and interest rates. This article outlines a brief overview of common types of remortgages for dentists in UK.

Standard Variable Rate Remortgage

Standard variable rate remortgage for dentists is based on loans offered by Bank of England. Lenders who offer S.V.R.R. for dentists generally offer 2% above the lending rate of Bank of England. You can expect lower interest rates only if you have excellent credit ratings.

Discounted Variable Rate Remortgage

Discounted variable rate remortgage offers dentists remortgages at a discount for certain, specified time period. Once the specified time period is over, the rate of your remortgage match the standard variable rate remortgage.

Fixed-Rate Remortgage

Fixed rate remortgage offers dentists interest rates that will remain same for an agreed upon time period. After the time period is over, the interest rates will be based on Standard variable rate remortgage.

Flexible Remortgage

Flexible Remortgage gives you the flexibility to adjust the repayments because of certain financial situations. In case, you suddenly get an handsome amount of extra cash, you can pay off as much as the remortgage as possible so that when you don’t have any cash, you won’t have to worry as you have already paid the extra portion of the remortgage.

Capped-Home Loans

In capped rates remortgages for dentists, interest rates are taken from fixed rate and variable home loans. The main drawbacks of capped rate remortgage are that they require you to pay higher interest rates besides an administration fee. But the capped rate remortgage also prevents you from increasing interest rates and ensures that you will never have to pay higher than the capped rate.
 
In case you have any doubt or for further information or different types of remortgages for dentists available in UK, please call Medics Financial Services at +44 (0) 1403 780 770 or complete the simple online enquiry form given on our website.

Equity Release for Dentists – Do You Know Your Options?

Equity release for dentists is a great option for those who dentists who are facing some financial problems after their retirement. By taking an Equity Release For Dentists’ scheme, you no longer need to worry because the equity release can provide you a steady income on age when you simply need to enjoy life carefree. These days, many dentists are releasing equity of their homes to help fund their retirement. If you want to take an equity release for dentists’ scheme, you must be at least 55 years of age and own a house you can release the equity. It’s a great way to release some monetary value of your home and use this amount as a source of income without leaving your home. If you are considering equity release for dentists, make sure you know that you have following two options.

Home Reversion Plans
By taking a home reversion plan, you can a regular earning, cash lump sum and even both. This method will offer you a lifetime lease that guarantee you can live in your home for your lifetime. Thus, as you grow older, you can release more cash and make the most of the increased value of your home.  Home reversion plans are more beneficial than lifetime mortgage and if you sell your home, it will not get any inheritance and you will be no longer completing owing your home.

Lifetime Mortgages
A lifetime mortgage can save you from the hassle of monthly payments while your home is fully insured.  This option is very beneficial because the increased value of your home still benefit you. You choose from the fixed rate plan and additional borrowing.  However, you must consider that early repayment penalties may apply, the tax position may be affected and the amount raised is often less than home reversion plans.

If you are unsure about specifics or have questions about equity release for dentists or would like a free, same day quotation - then please call Medics FS at +44 (0) 1403 780 770 or fill out the simple enquiry form given on its website http://www.medicsfs.com/financial-services/equity-release/

Make the Most of Equity Release for Dentists

Choosing an equity release for dentists’ scheme is a very important decision because it can impact many things such as advantages and the amount of inheritance left behind for your survivors. But after considering its all features and advantages, you can rest assured that an equity release for dentists is very beneficial for you.
Following are some great advantages of equity release for dentists.

Extra Source of Earnings
An important advantage of Equity Release For Dentists is the opportunity to release tax free lump sum money from the value of your home. The amount of equity that you can release depends up on your circumstances as well as the value of your property. The equity released from your home can be used for a wide range of purposes which includes debt clearing, paying off mortgage, meeting the financial needs of your family and keeping up a specific lifestyle. While most of the dentists take education loans or business loan these days, the idea of equity release ca

n help them in paying off their loans at one go.
 
No Monthly Repayments
After getting a lump sum of money, another great advantage of equity release of dentists is that you don’t need to worry about the monthly repayments.  Simply choose a lifetime mortgage where no repayments are needed, the initial loan and any accrued interest will be repaid when you pass away or go into a long term care.

Keep Living in Your Home
The biggest advantage of equity release for dentists is that it allows you to keep living in your home without worrying about the relocation. In this way, equity release for dentists gives can you the freedom of maintain your current lifestyle without worrying about the monthly repayments and relocation.
If you need expert consultation on equity release for dentists in UK, feel free to call Medics Financial Services on +44 (0) 1403 780 770 today or complete the simple enquiry form given on its website http://www.medicsfs.com/financial-services/equity-release/