Cornerstone Finance - Company Brochure

how we help

what’s inside About Cornerstone

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Mortgages

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- Residential Mortgages - Commercial Mortgages - Remortgage - Buy To Let Mortgages - Portfolio Mortgages

4 4 4 6 6

Finance

- Bridging Finance

- Auction Finance

- Development Finance

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Personal Insurance & Protection

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- Life Insurance - Critical Illness Cover - Income Protection

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Business Insurance

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Retirement Property Finance

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Adverse Credit

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Testimonials

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Our Lenders

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who are we?

We are highly trained team of property finance specialists who can cater for all of our client’s property finance and insurance needs. We are a team of 20 and we provide services to clients throughout all areas of the U.K.

Michael Wayman

Gareth Holtam

Zoe Joyce

Philip Harding

Bradley Wayman

Anna Holtam

Matt Godfrey

Ken Davies ceMAP Sam Cuddihy Senior Mortgage Advisor

Senior Mortgage & Protection Adviser

Phil Emanuel

Paige Wayman

Paul Jones

Stacey Murphy

Charlotte Robinson Joel Davies

Managing Director

Commercial Director

Senior Mortgage & Business Protection Adviser

Working for you and not our lenders As a whole of market fully independent financial intermediary, using our sophisticated tools and vast experience of the entire market we can very rapidly scan all available options for you.

Ensuring that you get the very best and the most appropriate finance solution for your needs. Our mission is absolutely centred around you.

Senior Mortgage Adviser

Dealing directly with lenders will, of course, limit your options and whilst there are other brokers in the market, let’s just say some are not quite as independent as you would like them to be. We simply work for and on behalf of you.

Commercial & Bridging Manager

Head of Finance

Fast and friendly advice Expert advisers without ties to any lender means you’ll always get the best advice regarding your funding requirements.

Rapid Pay-out Fast access to funding to keep your project or purchase on track, subject to the lender’s criteria.

5.0/5

Senior Commercial & Bridging Manager

Business Protection Specialist Mortgage Adviser

Mortgage & Protection Advisor

Average Rating

Office & Compliance Manager

Got a question? Call 029 2166 0550 today

Administrative Officer

Trainee Mortgage Adviser

www.cornerstonefinance.co.uk

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Mortgages Residential Mortgages Are you a first-time buyer or are you moving up the property ladder?

Have experienced credit problems in the past?

Whatever stage of the ladder you’re on, whatever situation you’re in, if you need expert, independent advice, tailored to your needs. We’re all individuals with different needs and different circumstances, so each application must be examined individually. We will help you or your client get the best ‘first charge’ mortgage for your circumstances - the only or main mortgage on your property.

Commercial Mortgages Save time and money thanks to our commercial mortgage experts There are so many demands on a business owner’s time. Ploughing through the products offered by thousands of lenders to get the best deal would be time- consuming and confusing. Our experts get to know you and your business. They understand what you need.

With their extensive knowledge of the commercial marketplace, our independent advisers find the best deals for your business. They give you impartial advice because they aren’t tied to any lender. As well as sourcing the best rates, our experienced advisers always keep you in the loop – the best way of avoiding expensive hitches. We could save you time and money.

The financial conduct authority does not regulate some forms of commercial mortgage

Remortgages Our clients are obtaining competitive remortgages on a whole of market basis thus allowing us to choose the most suitable remortgage lender for you.

We can access lenders who can offer remortgages for almost any circumstance. We will provide confidential, no obligation advice by one of our specialist mortgage team members.

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As a mortgage is secured against your property, it may be repossessed if you do not keep up the mortgage repayments www.cornerstonefinance.co.uk

Got a question? Call 029 2166 0550 today

Things to know before applying for a Mortgage Before completing a mortgage application or viewing any houses, you’ll want to know these things to aid in your mortgage application and your eventual purchase: How much cash you can put down

Your monthly income The sum of your total monthly debt payments (auto loans, student loans and credit card minimum payments)

How much house you can afford

Your credit score and any credit issues in the past few years

How it works - Commercial Mortgage up to

75%

up to

75%

Investment

Purchase or refinance of a commercial/semi-commercial property for investment purposes. Able to release up to 75% LTV depending on property type with funding up to over 30 years on Capital Repayment or Interest Only.

Trading / OPCO / PROPCO

Purchase or refinance of your existing trading premises with the ability to raise up to 75% LTV over a maximum of 30 years. Funding can be used to purchase property, release funding for business expansion or to assist with the change in management structure/business strategy.

Top Reasons for a Remortgage

Obtain a better rate and reduce monthly payments.

Raise additional capital for to improve your home or buy that new car.

Debt consolidation

Think carefully before securing other debts against your home

As a mortgage is secured against your property, it may be repossessed if you do not keep up the mortgage repayments Got a question? Call 029 2166 0550 today

www.cornerstonefinance.co.uk

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Mortgages Buy-to-let Mortgages Making a buy-to-let property work for you is all about getting it at the right price and getting the right mortgage deal.

You need expert advice to maximise the yield. The right property could get you a gross annual return of between 5% and 10%.

Lenders will ask you for a larger deposit than a home you’ll live in – generally 25%. You’ll need to pay arrangement fees of up to £2,000 and lenders will charge slightly more interest on buy-to-let loans.

You’ll also need to show lenders the rent you charge will cover mortgage interest payments by 125% or more. That will help cover maintenance costs or lost rent if the property is empty for a time.

Portfolio Mortgages Building a portfolio of properties to let can leave you with multiple mortgages, multiple accounts to manage, and an increasingly confusing picture as your portfolio grows.

Managing multiple mortgages can be time-consuming.

Have you considered consolidating all your properties into a portfolio mortgage?

That would allow you to make one payment on all your properties every month and don’t have to remortgage every time you add a property, potentially saving you thousands of pounds in fees over the years.

There is the potential to grow your portfolio more quickly by drawing down equity from the combined value of all your properties, and there are tax advantages.

Talk to us about whether a portfolio mortgage would be right for you or your business.

Our impartial experts will find you the best portfolio mortgage deals.

We cannot advise you on the suitability of a buy to let investment strategy. If you are unsure as to the appropriateness of this strategy then we would recommend you speak to an accountant or tax adviser.

The financial conduct Authority does not regulate commercial buy to let mortgages.

A buy to let mortgage will be secured against your property.

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www.cornerstonefinance.co.uk

Got a question? Call 029 2166 0550 today

What is it? - Buy-to-let Mortgage Buy-to-let mortgages are a lot like ordinary mortgages, but with some key differences:

Arrangement Fees The fees tend to be much higher.

Interest Rates

Interest rates on buy-to-let mortgages are usually higher.

Min. Deposits

The minimum deposit for a buy-to-let mortgage is usually 25% of the property’s value (although it can vary between 20-40%).

What is it? - Portfolio Mortgage A portfolio landlord is a borrower with four or more distinct mortgaged Buy to Let UK rental properties (or seven or more for remortgage applications without capital raising).

This includes: Holiday Lets

Owned by Limited Company

Consent to let Properties

Owned by Applicant(s)

The financial conduct Authority does not regulate commercial buy to let mortgages.

A buy to let mortgage will be secured against your property.

Got a question? Call 029 2166 0550 today

www.cornerstonefinance.co.uk

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Finance Bridging Finance Bridge the gap with short-term finance There are times when you need to make quick decisions.

You may need to make a speedy property purchase or refinancing needs to be done quickly.

Maybe you need to ensure you don’t lose your dream home while your property is sold. Maybe you need to take advantage of a great property opportunity. You’ll need short-term bridging finance to help you keep your development project or house purchase on track.

Our experienced advisers can help you get your application for bridging finance right the first time – ensuring you get a speedy decision when you need it.

We’ll work hard to find you the best and most transparent bridging finance deals on the market.

Auction Finance Don’t lose your deposit – get auction finance in place Auction goers will know that getting your finances in order is vital.

It’s important that financing is in place before an auction, or immediately after it.

Sometimes, however, opportunities must be seized and short-term auction finance is necessary to ensure you don’t lose your deposit and your purchase before your main finance kicks in.

Our experienced advisers can help you make a speedy application for auction finance. We’ll help you get it right the first time – ensuring you get a quick decision when you need it.

We’ll also work hard to find you the best and most transparent auction finance deals on the market. We could save you hundreds or thousands of pounds by getting you the right deal.

Some forms of commercial mortgages are not regulated by the financial conduct authority

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www.cornerstonefinance.co.uk

Got a question? Call 029 2166 0550 today

How it works Bridging Finance Purchase

Client looking to purchase their new residential property prior to their existing property being sold.

Able to secure the full funding for the new purchase over both properties to enable the client to purchase and not miss out.

The interest and fees are retained within the facility meaning that there is no monthly commitment and the full loan repaid from the sale of the existing property.

Development

Client looking to raise funds to complete on the purchase of an investment property that is 1) not in a mortgageable condition, or 2) requires planning consent for change of use.

Able to secure a bridging loan over either the investment property only or by utilising a 2nd charge over their residential property to assist with the purchase and potentially renovation costs.

The client is then able to 1) sell the property at the increased value, or 2) refinance the property based on the increased value once it has been tenanted.

What is it? - Auction Finance Auction finance is used to purchase properties at auction. It can be arranged extremely quickly and fits neatly into the purchasing timescales of the auction houses.

There are three types of auction finance. These are:

Short term finance bridging loans

Buy to Let for auction properties

Commercial Auction Properties

Got a question? Call 029 2166 0550 today

Ensure you get the loan in place before the auction purchase final settlement date expires Looking for more information?

Talk to our experts today!

Call 029 2166 0550

www.cornerstonefinance.co.uk

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Development Finance Get your new build or renovation project off the ground with the right finance Whether you’re a first-time property developer or a seasoned professional, you’ll need the best advice to get the right short-term finance in place for your property build or renovation.

Commercial finance can be used for: • New builds • Conversions • Refurbishments • Residential developments • Commercial developments

How we can help Lowest rates Decision in hours Rapid funding Up to 100% From £100k - £1bn No geo restrictions Flexible terms The financial conduct authority does not regulate some forms of commercial lending

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www.cornerstonefinance.co.uk

Got a question? Call 029 2166 0550 today

How it works - To obtain planning consent Bridge on land or an alternative property to allow the client to purchase the land and obtain full planning consent.

Once planning is granted this can then be flipped onto full development finance depending on the value of the build/GDV

How it works - Development (<ÂŁ250,000) Development finance to assist with the build of a small scale development project. Ability to release up to 65% Gross on Day 1 to assist with the purchase or Stage 1 of the build if the land is currently unencumbered. Staged draw-downs for the further loan draw-downs depending on the increased value, subject to the Gross Loan not exceeding 65% of the value of the development site. Additional security can be provided to assist and allow greater draw down values.

How it works - Development (>ÂŁ250,000) Development finance to assist with the build of a small scale development project. Ability to release up to 65% Gross on Day 1 to assist with the purchase or Stage 1 of the build if the land is currently unencumbered. Staged draw-downs for the further loan draw-downs depending on the increased value, subject to the Gross Loan not exceeding 65% of the value of the development site. Additional security can be provided to assist and allow greater draw down values.

Got a question? Call 029 2166 0550 today

www.cornerstonefinance.co.uk

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Insurance

Average Household Mortgage

ÂŁ123,423 (Source: Finder.com - 16/11/2018)

50%

of Households with Mortgages have no Life Insurance in place (Source: Finder.com - 16/11/2018)

The average UK household has enough savings to last just

32 DAYS

if their income is stopped due to illness or death.

(Source: L&G Website - 16/11/2018)

Figures sourced November 2018

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www.cornerstonefinance.co.uk

Got a question? Call 029 2166 0550 today

Life Insurance In general, a life insurance policy is a protection plan that ensures your financial future is secure for your family if something happens to you. It can help pay off debts, pay children school fess or simply maintain a standard of life for the loved ones left behind. In the event of a death your insurer will pay out a cash lump sum therefore allowing you to live with peace of mind.

It can protect your home, business, income and family.

Critical Illness Critical illness is a life-threatening condition, which is generally strictly defined.

Most critical illness policies provide for the payment of a lump sum benefit if the policyholder is diagnosed as suffering from one of a number of specified terminal illnesses. Depending on the policy selected, up to many dozen other conditions may also be covered. This is a complex level of cover and we believe it is imperative you get qualified advice because the criteria form all providers will vary.

Income Protection Income Protection insurance can provide a regular replacement income if someone is unable to work because of illness or injury. Typically, a policy pays out after theyâ&#x20AC;&#x2122;ve been off work for a certain period (often called a deferred or waiting period) and can pay a percentage of their salary until either they return to work, reach State Pension Age, or if they die while claiming.

Mortgage Protection Mortgage Protection Insurance is designed to cover the cost of your remaining mortgage balance if the unexpected happen to you or your partner. In essence it is a decreasing term policy because the amount of cover reduces in line with the balance of your mortgage as you make monthly payments.

In the event of a death of a policyholder a cash lump sum is paid out equivalent to the mortgage balance to ensure your loved ones can live mortgage free.

Generally payments are slightly cheaper than level term cover to reflect the reduced risk.

Private Medical Insurance We know that choosing a health insurance policy can be difficult with so many options available in the marketplace and types of cover available. It is therefore vitally important you choose the correct level of cover and plan.

At Cornerstone we will establish your precise needs and recommend a plan that is both affordable and relevant. Once youâ&#x20AC;&#x2122;re on cover you and can have peace of mind knowing that you and possibly your family are covered.

Health insurance can be taken out by an employer to cover all employees, by a single person, couple or families. You can gain cover if your self-employed, a student or a busy professional.

Got a question? Call 029 2166 0550 today

www.cornerstonefinance.co.uk

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Business Insurance Protection Business protection could help client owned businesses continue to trade should a key person or business owner die or become terminally or critically ill.

Proceeds from the policy could help ensure that key individuals are replaced, corporate debt is protected and shares from the deceased partnerâ&#x20AC;&#x2122;s/directorâ&#x20AC;&#x2122;s estate are purchased.

Many believe arranging business protection to be a lengthy and complicated process. But actually, the principles are similar to any other type of protection.

How we can help Key Person Protection Partner/Director/Limited Liability Partnership Share Protection Business Loan Protection Relevant Life Plan

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www.cornerstonefinance.co.uk

Got a question? Call 029 2166 0550 today

From as little as

£2.23

Put your life cover on your expenses and gain up to

70% of business owners are paying too much for their life cover.

62% Tax relief.

per week, find out how other business owners ‘in the know’ are making huge savings on their personal and employee life insurance.

Source: Quote provided by LV= (dated 18/11/2018) the example provided is for:

Source: Quote provided by LV= (dated 16/11/2018)

Male aged 24 100k of cover Term 45 yrs

the example provided is for:

Cost: £8.16 per month or £2.04 per week

Source: L&G State of the Nation Report 2018

Male aged 24 100k of cover Term 45 yrs Cost: £8.16 per month or £2.04 per week

Figures sourced November 2018 Got a question? Call 029 2166 0550 today

www.cornerstonefinance.co.uk

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Retirement Property Finance Lifetime Mortgages Over the last 25 years, some 350,000 households have benefited from equity release, raising over £17 billion in the process.

More and more people now consider equity release as part of their financial planning for retirement.

As a founder member of the equity release trade body, Cornerstone Finance is at the forefront of the equity release market. The products offered meet the requirements of the Equity Release Council’s SHIP Standards

How we can help Flexible Lifetime Mortgage Lump Sum Lifetime Mortgage

The Retirement Mortgage The Retirement Mortgage is a new type of lifetime mortgage. It is a more flexible way of borrowing in retirement. In this section, you can learn more about the Retirement Mortgage, and the role that it could play in securing a happy retirement.

Please note that the Retirement Mortgage is outside the scope of the Equity Release Council’s SHIP Standards. Our adviser’s will explain the differences to you between the Retirement Mortgage and other equity release products which are covered by the SHIP Standards, such as other equity release products.

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www.cornerstonefinance.co.uk

Got a question? Call 029 2166 0550 today

Adverse Credit Have you experienced credit problems in the past?

Even if you have a CCJ, Default, Missed Payment, DMP, IVA or previous Bankruptcy Cornerstone may be able to help.

Whatever rung of the ladder you’re on, whatever situation you’re in, you need expert, independent advice tailored to your needs. Every financial application is different.

We’re all individuals with different needs and different circumstances, so each application must be examined individually. We will help you or your client get the best finance for you.

Our independence is our strength •

Our advisers have no ties to any specific lender - we offer a whole-of-market service.

•

That means they are free to recommend the best deals in the market to our clients.

•

Our advice is truly impartial.

•

Tell our independent experts what you need.

Got a question? Call 029 2166 0550 today

www.cornerstonefinance.co.uk

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What our clients say about us

5.0/5 Average Rating

‘Excellent‘

‘Fantastic‘

‘Excellent‘

Great service, would highly recommend.

Cornerstone, and especially our advisor (Zoe) made the whole mortgage process easy.

Fantastic personal and professional service throughout the process of securing our mortgage.

Highly recommend- very friendly and professional.

‘Excellent Efficient Services‘

‘Professional and efficient‘

‘Professional and Polite‘

My contact was Paul Jones and he was fantastic. He made the whole process of re-mortgaging stress free.

Fast response to any queries I had and great at keeping me updated. I would definitely recommend the company based on my experience of dealing with Paul.

I have used Cornerstone finance multiple times now and can highly recommend their services, they were very professional and communication which is key for me was brilliant.

Professional service from start to finish! The teams Market knowledge was second to none and they handled everything quickly and efficiently. I would highly recommend Cornerstone Finance, the team were polite, friendly and delivered on all promises in record quick time!

‘Professional and efficient‘

‘Professional‘

‘Easy‘

Professionalism was a keynote from the offset. Their courtesy clinched the deal

Easy from start to finish very efficient. Highly recommended

I have used Cornerstone finance multiple times now and can highly recommend their services, they were very professional and communication which is key for me was brilliant.

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www.cornerstonefinance.co.uk

Got a question? Call 029 2166 0550 today

Impartial help and a personal approach Our qualified advisers aren’t tied to any lender – so their advice is truly impartial.

We always give advice in our customer’s best interests.

We get to know you and what you need. Then, we find you tailored solutions.

The lenders we use

Got a question? Call 029 2166 0550 today

www.cornerstonefinance.co.uk

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Looking for more information?

Talk to our experts today!

Get in touch Unit F, Upper Boat Business Centre, Pontypridd, CF37 5BP 029 2166 0550 info@cornerstonefinance.co.uk www.cornerstonefinance.co.uk

Cornerstone Finance is a trading name of Cornerstone Loans Ltd Registered in England & Wales No 08458702.

Registered address: Unit F, Upper Boat Business Centre, Pontypridd CF37 5BP. Cornerstone Loans Ltd is authorised and regulated by the Financial Conduct Authority. FCA number: 767202.