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Here at CLS Money, we offer a one-stop-shop for all of your financial property needs.
During years of offering specialist mortgage advice to our clients, we realised that throughout the mortgage process there are so many different people that our clients needed to speak to, making what can sometimes be an already stressful process even harder, for not just the customer but for all the separate parties involved, to make matters worse, some parties couldn’t even speak to each other due to data protection, resulting in an unknowing client becoming the middleman for an industry they knew very little about. It was then that we realised something needed to be done.
To put the scale of the problem into context, the traditional method of arranging a mortgage without the help of CLS Money would involve the following steps.
1- You will have to search for the best mortgage for yourself, which typically involves either-
1a- Searching online with multiple lenders who’ll perform searches on your credit file, this can bring down your overall credit score, limiting your available options with lenders.
1b- The other option is you could drive to a high-street book appointments with various banks, visit each one individually and judge the best deal - There is no guarantee that your case would be accepted by your bank just because you bank with them.
2- Once you have got a mortgage in principle, you will need to find a property to purchase and an estate agent to sell your current property. The estate agent will more than likely charge a fee calculated as a percentage of your property value – This can easily cost thousands of pounds!
3- When you have found your dream property, you need to speak to the bank or building society you have selected to get your application pushed through, you will also need to source and instruct a solicitor – These will need to be on the lender's panel.
4- When you contact the solicitors for updates, they will likely use all kinds of technical jargon, which you will need to relay to the lender, whilst providing exactly the right documents. Any errors with the information or documents can cause delays and ultimately declines – Meaning you go right back to the start and risk the vendor pulling out of the property you have found.
5- Once you manage to sort out the solicitors, lender, and the estate agents, you will need to approach the minefield of insurance, you will be faced with critically important small print and left to tackle the likes of buildings and contents cover, life insurance, critical illness cover, income protection and with no idea which policy will best suit you, it can be a nightmare!
6- And just when you think you’re in the clear, you’re not, it’s recommended you arrange a will to give your family and loved ones reassurance when you pass away, it will involve speaking to multiple firms, weighing up costs and negotiating the best deals.
I’m sure like us you can see how this process is so dated and messy, along with allowing so much room for error, you can get caught with high mortgage rates, low-quality insurance, estate agents and solicitors fees that can spiral out of control.
What we offer isn’t a reinvention of the wheel, it’s just making a process how it should have been in the first place. At CLS Money we live by “Straight talking advice” and when we noticed this catastrophic way of purchasing a property, we knew it needed to be refined and made straight talking!
Using CLS Money will streamline your buying and selling process in the following ways.
1- It starts with you contacting us at a time and place that suits you, we will take a quick fact find, using this information provided, our mortgage experts with unrivalled industry knowledge, will place your application with a lender whose criteria will allow your circumstances. We offer whole of market advice meaning we are not affiliated to any one lender and have access to over 120 different FCA regulated mortgage providers.
2- You can then use our very own estate agents, CLS Property, to find your new dream home and even sell your current property – No fees based on the percentage of your property value, no awkward negotiations on the price, just great service for a low fixed fee and free no obligation valuations to make sure you're making the best financial decision for your future.
3- We will carry out your lender application for you and upload all of the documents the lender requires on day one, giving you the best possible turnaround time. We will instruct a certified lender compliant solicitor on your behalf. The lender and solicitor will be chased by our internal client relationship team, making sure everything with your application is going through smoothly. You will receive contact once a week with an update to let you know how your application is moving along (We can contact you more frequently if you would like, just speak to a member of our team).
4- We will then source 5-star Defaqto rated building and contents cover along with specially tailored life insurance, critical illness cover and/or income protection, all within a predetermined budget that you agree with our experts. We will run through everything that the policy offers before anything is finalised for absolute peace of mind on the cover you receive.
5- Once the process has finished, we can arrange your will, allowing you to relax in your brand new property knowing that you have the best available rate, leaving you with affordable monthly payments, full protection on what matters most, and a great contact for your future remortgages or purchases.
As you can see, we have simplified this process massively! Keeping your work down to the absolute minimum as we believe that it should be our job as your financial advisors to make your buying and selling process as simple as can be. If you take a look at our review page you can see that we have got over 1,000 reviews from customers rated excellent, who have been blown away with our innovation. These reviews span from portfolio landlords to first to buyers, help to buy applications to right to buy mortgages, remortgages and equity release. We have built a reputation we are proud of and we will continue to simplify and improve the mortgage process for the benefit of our clients!
Contact one of our expert advisors today for mortgage advise along with every other service that we offer.
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