Property Frontiers are pleased to announce the formation of an
exciting new company, Frontiers Financial Services, which
specialises in providing an international mortgage broker
service.
Frontiers Financial Services have negotiated some exclusive
mortgages on a truly global scale so whether you are looking for
finance in France or mortgages in Malaysia they can advise on the
best mortgage for your individual needs.
Frontiers Financial Services have also teamed up with a UK-based
mortgage broker to provide finance options on property owned in
Great Britain.
One of the ways you can borrow tax-efficiently and smoothly is by
Offsetting.
Offset mortgages allow those with considerable savings or
disposable income to reduce their effective mortgage balance while
keeping instant access to their money, so they get the benefit of a
smaller mortgage - lower interest payments - without permanently
handing over their savings to the lender.
You keep your savings in an account with the mortgage provider and
"link" that account with your mortgage. The lender then calculates
the net borrowing - outstanding home loan minus savings balance -
and charges interest on just this reduced sum. For example, if you
have taken out a mortgage of £200,000 and have savings of £20,000,
you pay interest on just £180,000.
Also, many such borrowers are higher-rate taxpayers, who would see
40 per cent of any interest on savings accounts swallowed in tax.
Again, an offset provides a solution: because no interest is paid
on accounts linked to an offset, there is no tax to pay. For
example, a higher-rate taxpayer with an offset mortgage charging
6.5 per cent APR would need to have his savings in an account
paying 11.08 per cent to receive the same benefit.
There are also other ways to pay your mortgage off quickly, please
contact us for further details.
For full details contact Frontiers Financial Services on
+44 (0) 1865 268571 or email
info@frontiersfs.com
Please note that whilst UK-based mortgages are regulated by the
Financial Services Authority, overseas mortgages are not.