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Annual Review process and how can borrowers benefit of that Unlocking #equity in your #property #portfolio is a strategic move that can significantly enhance your #financial position. In my role as a #mortgage #broker , I not only focus on facilitating loans but also on helping clients realize the #potential within their #portfolios . Goal setting plays a #pivotal role in this process. Every client's #financial circumstances are unique, and I understand the importance of tailoring solutions to their specific needs. With my #expertise by their side, clients gain a deeper understanding of the pros and cons of the #mortgage process, ensuring that their #financial #goals are aligned with their personal circumstances. During the annual review of their mortgages, if clients are in a position to #borrow more and have the desire to do so, I'm here to assist. I have cultivated an extensive #network of #professionals who can contribute to their #financialjourney . This #network includes: Buyer's Advocates: These experts specialize in identifying valuable #assets and #properties in the #market . They play a crucial role in helping #clients make informed decisions about their #property #investments . Accountants: Proper #taxation structures are essential for optimizing #financial outcomes. I work closely with experienced #accountants who can set up the right taxation #strategies to maximize #benefits and minimize #liabilities . Solicitors and Lawyers: #legal aspects are an integral part of #property #transactions . I can connect clients with #legal #professionals who can ensure that all legal implications are properly addressed. Property Managers: Effective #property #management is vital for preserving the long-term value of your assets. #property #managers ensure that properties are well-maintained, #tenants are well-served, and the overall #investment remains profitable. To summarise, if you wish to collaborate with a good network of professionals do not hesitate to work towards that by contacting me. Regards, Sohil 0430101987

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What personal information is needed when obtaining commercial property finance? So many times borrowers question why certain personal information is required but heres why..... 👍 A good commercial property finance advisor should always be looking to undertand the complete picture to protect that borrower and ensure everything makes sense and stacks up both commercially and personal financially 👊 It is not just about the particular project that your funding as its our role to understand the customers complete financial position and to advise them accordingly. The FCA brought in consumer duty a few months ago which looks to ensure that each and every advisor does exactly that....Does this mean more work for customer/us?... yes without doubt.. is it sometimes frustrating for certain customers? ...yes for sure... 💪 So in order to satisfy these requirements we need to ensure we review not only ID but personal bank statements, accounts, tax computations etc but this is a good thing and enables us to provide the best advice possible. 👏 Like anything in business a good additional pair of eyes can only help and ensure we look after the client, subject to provide an outstanding service, for the long term. For me it is not about the commision check, although it helps to pay bills, it is always about building that level of trust and mutual respect which keeps customers coming back time and time again....because they want to and value the advice. #propertyfinance #propertydevelopersuk #bridgingfinance 

How to grow a thriving brokerage business: Insights from James Symond and Mark Bouris at National Finance Brokers Day National Finance Brokers Day featured insights from James Symond and Mark Bouris on building successful, sustainable businesses. Key takeaways: Know your customer, anticipate their needs, be likeable, and build trust. 1. Know your customer (KYC) like never before: Symond and Bouris stress that true understanding in finance goes beyond knowing a customer’s financial situation. It’s about grasping their aspirations, challenges, and motivations. With Hound, brokers gain deep insights into customer history and preferences, enabling them to anticipate needs and build long-term relationships. 2. Stay ahead of your customers’ needs: One of the standout pieces of advice from Bouris was the importance of anticipating customer needs to add value. In a fast-changing financial landscape, proactive brokers have the edge. Hound’s predictive analytics help brokers spot trends early, offering tailored solutions that keep customers engaged and satisfied. 3. Be likeable: Symond and Bouris stressed that likeability is as crucial as expertise in relationship-driven industry, as customers prefer working with someone they trust and feel comfortable with. By streamlining administrative tasks and providing user-friendly tools, Hound frees brokers to focus on building relationships, allowing them to spend more time engaging with customers and strengthening trust for long-term success. 4. Add value continuously: Adding value sets you apart from the competition. Symond noted that brokers who offer consistent value through education, advice, or superior service build stronger client relationships. Hound’s real-time insights and recommendations help brokers continuously add value and turn interactions into more than just transactions. 5. Build strong trust: Trust is the bedrock of any successful business relationship, especially in finance. Symond highlighted that trust isn’t built overnight; it’s earned through consistent, honest communication and delivering on promises. By proactively looking after your existing customers, made easy with Hound helps build lasting customer relationships, driving repeat business, referrals, and increased Lifetime Customer Value (LCV). Conclusion: Success is built on relationships The key takeaway from James Symond and Mark Bouris at National Finance Brokers Day is that growing a thriving brokerage business is about more than just making deals. It’s about understanding your clients, anticipating their needs, building genuine relationships, and consistently adding value. Hound enables brokers to implement strategies effectively, strengthen relationships, stay ahead, and grow their businesses successfully. As the finance industry continues to evolve, those who master these fundamentals with the help of Hound will not only survive but thrive. #NFBD24 Dino Pacella, James Symond, Mark Bouris AM

Are you a professional in the Accounting or Legal industries looking to purchase a property? You might be eligible for specific home loan benefits, particularly concerning Lenders Mortgage Insurance (LMI). Many lenders offer LMI waivers for eligible accountants and legal professionals. This means you can borrow up to 90% of the property's value without the requirement for LMI, potentially saving you thousands of dollars. Some lenders do not require you to work for an accounting or legal firm, nor to hold a specific title or role. However, you must meet eligibility criteria, such as being a fully qualified member of a recognised professional association (not an associate or a student member). Eligible professionals include: Accounting Industry: Chartered Accountants (CA), Certified Practicing Accountants (CPA), Chartered Financial Analysts (CFA), and Fellows of the Institute of Actuaries of Australia (FIAA). Legal Industry: Lawyers, Solicitors, Barristers, and Judges. You could purchase a property to live in or for investment with just a 10% deposit, accessing pricing discounts and avoiding LMI, if you qualify for the Professional Industry Packages. Get in touch today to learn more and start your journey to achieving your homeownership dreams sooner. www.triplemfinance.com.au #triplemfinance #mortgagebrokers #firsthomebuyers #finance #australianpropertyinvestors #CPAAustralia ##CharteredAccountantsANZ #LegalProfessionals

Please find an interesting blog post below 👇, Recommended by Total Books Accountants, Bookkeepers & Tax advisers. Why filing your information on time with Companies House is important. Every limited company must file annual accounts and a confirmation statement with Companies House every year. This information is then made available to the public on the company register. But how is this information used by credit reference agencies? And how will filing late - or not filing at all - affect your business? https://bit.ly/48zkMwZ

1. Limited liability: One of the main advantages is that the liability of the company is limited to its assets. This means that your personal assets are protected in case of any legal issues or debts related to the property. 2. Tax benefits: Buying property through a limited company can offer potential tax advantages. For example, you may be able to claim tax deductions on mortgage interest payments and other property-related expenses. 3. Investment flexibility: Purchasing property through a limited company allows for greater flexibility in terms of investment options. You can easily transfer or sell shares of the company, making it easier to bring in new investors or exit the investment if needed. 4. Estate planning: Holding property within a limited company can simplify estate planning and inheritance matters. Shares of the company can be easily transferred to beneficiaries, ensuring a smoother transition of ownership. Cons of buying property through a limited company include: 1. Higher costs: Setting up and maintaining a limited company involves additional costs such as registration fees, accounting fees, and ongoing compliance requirements. These expenses should be considered when evaluating the financial viability of this approach. 2. Limited financing options: Lenders may have stricter criteria for lending to limited companies compared to individuals. This could potentially limit your options for obtaining financing or result in higher interest rates. 3. Reduced personal control: When purchasing property through a limited company, decision-making authority is shared among the company's directors and shareholders. This means that you may have less control over certain aspects of the property and its management. 4. Increased complexity: Operating a limited company involves additional administrative tasks, such as filing annual accounts and maintaining company records. This can add complexity and require more time and effort compared to owning property personally. It is important to consult with legal and financial professionals to fully understand the implications and suitability of buying property through a limited company based on your specific circumstances.

Understanding Mortgage Fees and Closing Costs 1. Arrangement Fees: Charged by lenders for setting up the mortgage. 2. Valuation Fees: Covers the cost of property valuation. 3. Legal Fees: Conveyancing and solicitor fees. 4. Stamp Duty: Tax on property purchase price over a certain threshold. 5. Survey Costs: Optional but recommended for property surveys. 6. Broker Fees: If using a mortgage broker, they may charge a fee. 7. Early Repayment Charges: Applies if the mortgage is paid off before a certain period. 8. Insurance: Home insurance and mortgage protection insurance may be required. 9. Land Registry Fees: Registration of property ownership changes. 10. Miscellaneous Costs: Additional expenses such as admin fees or searches. #accounting #business #accountant #finance #tax #bookkeeping #smallbusiness #taxes #entrepreneur #payroll #accountingservices #cpa #taxseason #businessowner #money #incometax #accountants #audit #bookkeeper #accountingsoftware #gst #accountinglife #taxreturn #startup #taxpreparer #charteredaccountant #quickbooks #akuntansi #taxconsultant #management Web: www.themoneyorbit.com Tel: 07305 144 334 for mortgage and protection advise Location: Slough, United Kingdom

Prioritising Integrity Over Immediate Business This morning, I had a meaningful call with a potential client referred to us by an existing client (referrals are always appreciated! 😊).    The meeting reinforced why integrity is at the core of what we do here at Bluewater Accountants. About 18 months ago, we helped this client set up two companies for property investment. Unfortunately, things didn't go as planned, and now the company accounts were due for filing. The client was facing the prospect of incurring additional costs to prepare and file these accounts, despite the companies being inactive. During our call, the client expressed his concerns about potential tax implications from Director Loans and the costs associated with maintaining these companies, especially with his wedding coming up. The Director Loan was not an issue as the client had misunderstood some information he read online, which I cleared up. After understanding his goals and current situation, it became clear that the best course of action would be to close the companies and start afresh when he is ready to actively pursue property investments.  I explained that maintaining inactive companies would not be cost-effective and offered to guide him through the process of closing them himself, saving him significant fees and hassle. The relief and appreciation in his response were palpable. Sometimes, the best decision for a client isn't what they initially thought they needed, but rather what truly serves their long-term interests. Turning away business might seem counterintuitive, but helping clients make smart, ethical decisions is what we're all about at Bluewater Accountants.  It feels great to start the day knowing we've made a real difference for someone. ❤ Have you ever had to make a tough call to prioritise a client's best interest? I'd love to hear your stories in the comments! #ClientFirst #EthicalBusiness #AccountingAdvice #BluewaterAccountants #CustomerSuccess