soldiers looking for homes and mortgages

Armed Forces Specialists

Summit Finance offer Specialist Mortgage & Protection advice within the military and civilian market. With bases in Barnard Castle and Catterick Garrison we have established a strong client base within the Armed Forces, developing a unique understanding of Military life. We provide advice for customers seeking mortgages or insurance whether they are based locally, throughout the UK or overseas.

We are an approved SIIAP (Services Insurance and Investment Advisory Panel) Member as a Specialist in advising members of HM Forces.

As Armed Forces Specialists we have years of experience sourcing mortgages and protection for serving members of HM Forces in the Army, Royal Navy or RAF.

Our experience means we are familiar with and fully understand:

  • BFPO and overseas address history/postings
  • Future postings and the need for ‘permission to let’ your property
  • Forces Help to Buy (FHTB), which replaces the LSAP
  • Deployment

Buying your own home

We appreciate with your day to day duties buying a property can seem like a daunting and sometimes impossible task to manage. We will guide you through the whole purchase process allowing you to concentrate on your duties making the purchase process as straight forward as possible.

Protecting You, Your Home and Your Family

Specialist advice on Life or Critical Illness Insurance for service personnel is vital. We will take in to account of your trade, your unit and deployment status when selecting the most appropriate provider. Ensuring you have sufficient cover in place early is vital as obtaining cover once notified of a deployment can be problematic and can be more expensive.

Whether it’s your dream home, an investment property or protecting your family contact Summit Finance on 01833 696624 or email info@summit-finance.co.uk for a free no obligation chat with our specialist.

Your home may be repossessed if you do not keep up repayments on your mortgage.

landlord insurance

Business Protection

Protecting your Business

Business continuity is key to any business and the biggest asset within any company, are the people!  The impact of serious illness or loss of a Director, Shareholder or Key Person within a business can be detrimental to the ongoing success. Having appropriate protection plans in place can help reduce the financial impact of this potential loss. Correct cover can provide a cash injection or slush fund at these times which can prove imperative to the survival and future plans of any business.

Our Business Protection Advisor is able to review your business protection requirements and advise on the following areas:

  • Shareholder Protection
  • Loan Cover
  • Partnership Protection
  • Relevant Life Cover
  • Key Person Cover

To ensure business continuity call and speak to our Business Protection Specialist for a review.

insurance family

Family Protection

Protection for You, Your Family and your Home

We are proud to be more than just Mortgage Advisors, we passionately believe in the importance of financially protecting you, your income and your family against any crisis life’s journey may throw your way. It is our belief that protecting you, your income and your family is essential in every household.

We have expert knowledge of the products available and can offer advice to help you find the most appropriate plan for your individual circumstances and budget. We will discuss the following areas with you and ask you to prioritise your requirements and tailor a recommendation to suit your personal needs and requirements.

Protecting your Home

What impact would it have on you/your family were you to suffer a critical illness or death? Would you want the peace of mind your family can remain in their home? We would look to review your circumstances to ensure any mortgage borrowing could be repaid in the event of death or earlier critical illness.

Protecting your Income

What impact would it have on your financially should your income stop due to accident or illness? How would you pay the mortgage and your other bills? We can help look at affordable options to ensure that if you are unable to work and your income stops you have plans in place to protect your home and lifestyle.

Protecting your Family

In addition to protecting your home and income, it is important to consider additional protection needs to ensure your family are provided for. We can also talk to you about additional life cover, standalone critical illness cover and providing your family with an income following death.

Home insurance

It is a legal requirement of all mortgage lenders that you have buildings cover in place to protect their investment. You’ll also want contents cover to protect your belongings from the unexpected such as theft, damage or loss.

We can help you find a quality, affordable policy that’s right for your needs.

home buyer mortgage

Mortgages

Are you looking for your first mortgage?

Being a First Time Buyer can be a little daunting to say the least and with the various mortgage rates and purchase schemes available to help you on the property ladder, it can be confusing. We can advise you which options are the best to take advantage of, if any at all.

Many people do not know where to start with the whole process, the simple answer is you start with us!

We guide you through the whole purchase process and make clear what your options are holding your hand as much (or as little) as you wish through the process.

Do you need to expand or move home?

If you are looking to extend your current home, we can help arrange finance for any home improvements or extensions saving on the need and cost of moving home. There are all kinds of reasons for moving home, moving up the property ladder to accommodate a growing family, relocation or even downsizing.

Talk to our advisor for your options.

Do you need to change your mortgage?

Is your current deal still right for you? Are you looking to:

  • Simply get a better interest rate
  • Reduce your mortgage payments
  • Reduce the period of your mortgage
  • Raising capital for home improvements
  • Help your children with their deposit
  • Raise money to buy an investment property

Every penny counts and no one likes to pay more than they have to, therefore when your current mortgage deal comes to an end it is advisable to review your circumstances and the deals available. We will research the market place for the best deals available, saving you the time and inconvenience allowing you to get on with your day to day job.

Are you looking to invest in a Buy to Let property?

Whether you are looking to buy your first investment property or you are a landlord with an existing portfolio, we are able to help you understand the mortgage options available to you as a Landlord and any other obligations this role may bring.

We have access to a number of specialist buy to let mortgage lenders generally not available on the high street.

If you rent out a property, it’s important you have the right type of insurance. We source specialist landlord insurance which protects the building, loss of rent, malicious damage, legal expenses which can even be used to evict squatters.

Buy to let mortgages are not regulated by the Financial Conduct Authority

Your home may be repossessed if you do not keep up repayments on your mortgage.