Kensington FINANCIAL SOLUTIONS
Kensington Financial Solution is a group of financial planners with various backgrounds of expertise within the financial sector specifically mortgages. As an independent mortgage broker we offer experienced and knowledgeable advice to our clients providing a complete service which includes; property purchase, buy to let, re-mortgage, second homes, secured loans and associated insurance products. At Kensington Financial Solutions we offer a first class, friendly and professional service, having helped hundreds of people easily arrange the most suitable mortgage and insurance products tailored to their circumstances, we pride ourselves on building our business through personal recommendations. We use the latest technologies to save you money by providing advice from the whole of the mortgage market, ensuring you are offered the very best financial products, including many deals you won’t find on the high street or through comparison sites. Licensed - Regulated - Independent - Professional - English Speaking Our license holders are regulated and authorised to give financial and mortgage advice in Spain, therefore working to strict guidelines. This mean you the client is fully protected giving you peace of mind and the confidence in knowing you are being properly looked after and are receiving the best advice.
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ABOUT US Kensington Finance Solutions agents provide a full mortgage brokering service, we are totally independent, have access to all the lenders in Spain and receive preferential conditions from most. For example Banco Santander have chosen our license holders as 1 of 5 brokers in the whole of Spain to have a preferred working relationship that includes special conditions, preferential rates and fast decisions. When applying for mortgage or loan we aim to secure you funding as quickly as possible and try to get a verbal AIP (agreement in principle) within 48 hours. Once all the relevant documentation have been received and the case submitted, we aim to get a full AIP within a week.
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We are required, where possible, to give three different offers to clients so they have a genuine choice of product. Kensington Financial Solutions do not charge any fees until the mortgage is signed, at this point 1.25% of the loan amount, or a minimum of 1,250 Euros is payable at the notary. Our licence holders are one of very few licensed and regulated mortgage brokers operating in the always difficult and changing Spanish mortgage market, their analysts have years of experience working within the Spanish banking system which ensures they are always ahead of the game.
• Mortgage Products: • Second home mortgages • Switch Mortgages • Self-Build Mortgages • Off plan Mortgages • Bridging finance • Development finance
Decisions given in the fastest time offering the best mortgage products and conditions.
Call us now for your no obligation quote: 952 880 844 • info@kensingtonfinancialsolutions.org www.kensingtonfinancialsolutions.org
Funding Options Switch mortgage Is your current mortgage as competitive as the best new deals on the market today? You can save hundreds – perhaps thousands – of pounds by shopping around, so it’s a good idea to review your mortgage at least once a year to check whether you should switch to a better deal. How often should you review your mortgage? Ideally you should keep a regular eye out for better mortgage deals – new ones are coming on to the market all the time and if you’re not locked in to a fixed or discount rate deal with an early repayment charge it could be worth your while changing lenders (mortgaging) at any time. At the very least, you should review your mortgage: When interest rates change – because this will affect how competitive your current deal is When your current mortgage deal comes to an end – as your rate may increase, and Once a year if you’re not tied in to deal with early repayment penalties – to see how your current deal compares to new deals that have come onto the market. If you doing nothing when rates change or your mortgage deal ends you could lose out to many better deals that are available in the market. Self build finance For most people getting their finances in order is an important starting point for their self build project. If you need to borrow money then finding the right mortgage for your build is crucial to ensuring the success of the project. A mortgage for a self build differs from a mortgage you would use to buy a house because with a self build mortgage the money is released in stages as the build progresses. There are however different ways in which this money can be released and your choice of product will depend on your own particular circumstances. This is why it is important to speak to a self build finance expert to discuss your options as early in your project as possible.
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Off plan mortgages Typically, buyers get a mortgage for the remainder of the purchase price after paying the deposit. Some developers will offer pre-arranged mortgages as part of the off-plan deal. You are never obliged to take this mortgage. It is always wise to exercise caution and get competitive quotes from other mortgage suppliers before simply accepting the developer´s option. Bridging finance Bridging loans are a short-term funding option. They are used to ‘bridge’ a gap between a debt coming due - and we’re talking primarily about property transactions, here - and the main line of credit becoming available. Or they can simply act as a short-term loan in pressing circumstances. We take a common sense approach to lending meaning we’ll consider any property and we’ll make decisions quickly. Development finance We consider a wide variety of developments including conversions, redevelopments and new builds. All sizes of project are considered, from small residential property improvements, to large commercial constructions. Stage payments are available at pre-agreed stages
Call us now for your no obligation quote: 952 904 880 196 844 • info@kensingtonfinancialsolutions.org www.kensingtonfinancialsolutions.org
THE PROCESS Three easy steps At Kensington Finance Solutions, we try to make the process of getting a loan faster and easier; from analysing your profile, submitting the transaction to selecting the credit or financial institution that is most appropriate and beneficial for you, followed by monitoring of the operation, approval/ final concession of your loan/ mortgage, and all the way up until the moment of signature. The entire process remains in the hands of one of our analysts, from beginning to end and you will have access to the most up to date status of your file at all times.Â
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A simplified process: 1st - After the initial introduction we will require certain documentation (as detailed below), this should be emailed to info@ kensingtonfinancesolutions.org or we will send a messenger to your home/ office to collect the documentation provided by you which will be treated with the utmost discretion. 2nd - Once we have received the documentation our analysts will evaluate this and the necessary due diligence will be performed (checking accounts), after which we will call you within 24 hours, providing you with the FASTEST SOLUTION/S WITH THE BIGGEST ADVANTAGE/S FOR YOU. 3rd - As our third and final step we will CONTACT YOU ONCE THE TRANSACTION HAS BEEN APPROVED, and inform you about the nearest possible day and time to sign for your loan / mortgage, at a notary close to your location.
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Documentation Required Employees • Copy of Passport • Copy of NIE • Nota Simple or Purchase contract • Last three months wage slips • Last two Income Tax Declarations or evidence or latest annual tax assessment • Letter from your employer confirming date of employment and salary • Six months banks statements • Bank reference letter • Declaration of assets and debts • Full credit report (www.experian.com for example) • For buy to let owners: Tenancy Agreement and Bank Statements from account the rent is paid into.
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Self Employed • Copy of Passport • Copy of NIE • Nota Simple or Purchase contract • Last two Income Tax Declarations • Letter signed from an accountant, confirming starting date in the company, percentage of ownership and earnings per year. • Chartered Accountants Company report • Six months bank statements • Bank reference letter • Declaration of assets and debts • Full credit report (www.experian.com for example) • For buy to let owners: Tenancy Agreement and bank statements from account the rent is paid into • Last three mortgage payments Retired • Copy of Passport • Copy of NIE • Nota Simple or Purchase contract • Last three months pension receipts • Last two Income Tax Declarations or evidence or latest annual tax assessment • Six months bank statements • Bank reference letter • Declaration of assets and debts • Full credit report (www.experian.com for example) • For buy to let owners: Tenancy Agreement and Bank Statements from account the rent is paid into • Last three mortgage payments
Call us now for your no obligation quote: 952 880 844 • info@kensingtonfinancialsolutions.org www.kensingtonfinancialsolutions.org
Kensington FINANCIAL SOLUTIONS
Call us now for your no obligation quote 952 880 844 info@kensingtonfinancialsolutions.org
www.kensingtonfinancialsolutions.org