Welcome to P.R.I.D.E, the quarterly newsletter brought
to you by LPR Mortgage Services

This Month > A Word From Lloyd Careers at LPR Mortgage Services P.R.I.D.E. - And What It Stands For LPR P.R.I.D.E in Business (Business Networking) LPR and sons Mortgage Rates Clients Comments

A Word From Lloyd

Hi everyone,

As we move into the second half of this year, I find myself in a forward thinking mood. I have had the privilege of working alongside hundreds of clients over the last two and a half years. Many have become friends and all remain the absolute reason why LPR has developed and grown so successfully. For their continued loyalty and recommendation of other clients, I am forever grateful.

But it is what we can do for these clients in the future that excites me. So many other mortgage brokers feel that their job has finished once the mortgage has completed, or once the house purchase has ended. And that's the difference between LPR and everyone else. We believe that where others feel their job has ended, that is where ours begins.

Keeping that working relationship alive throughout the mortgage term assists the client with future decision making. Involving clients in the continuing journey of LPR as a company creates a great sense of family, which is intrinsic to a successful partnership between broker and client.

It is this desire to continue with first class advice and second to none customer service that has prompted me to look at bringing on board trusted mortgage advisers who share my philosophy of believing "that the client is the most important person in our business and that each individual deserves a service of the highest quality".

This means that even more potential clients can share in the LPR experience. Watch this space for news on who is joining us.

Lloyd

P.R.I.D.E. - And What It Stands For

This newsletter takes its name from the central qualities that a client not only deserves from his or her mortgage advisor, but should in fact demand. They are:

• Professionalism
• Reputation
• Integrity
• Dynamic
• Expectations

PRIDE is more than a word, it is an attitude.

Previous newsletters have spelt out the specific definitions of what P.R.I.D.E stands for, but in this edition I wanted to concentrate on the whole thing. To me, PRIDE is so much more than just a word, it is a way of being, a state of mind and a healthy attitude to take with you through all walks of life. It can be used in work and in play; in business or in pleasure and is the very thing at the core of your being that gets you up in the morning. I like to think that it is also the reason why so many of my clients end up not only arranging their own mortgage with me, but also recommend all their friends, family and colleagues come and speak to me. They can "feel" the PRIDE, and know it to be genuine, as PRIDE is something that you cannot fake.

LPR and sons Our beautiful baby boy was born on May 9th! Joel David Richards arrived screaming and kicking (just like his dad) at home, just as the builders were finishing off our garage conversion. Not quite the peaceful home birth Karen and I had envisaged. Joel is number five with his elder brothers James (19), Harry (16), Will (12) and Bryn (3) completing the five aside football team. Thank you to everyone for their kind wishes and the numerous cards…but I am still waiting for the babysitting volunteers!!!!!

Clients Comments

The people at the heart of LPR Mortgage Services are our clients, and we try our best to make their experience with us a uniquely individual one. In P.R.I.D.E we try and give you an idea of what our clients think of us.

Andy and Sue Howkins Lloyd was brilliant. He looked at the whole situation and gave sound advice. He knows what he is talking about. Following a conversation with my brother-in-law the first thing he said to us was "go and see Lloyd, he will sort you out, He looked at the whole situation and gave sound advice. He knows what he is talking about." From the start Lloyd was brilliant. He didn't judge us and was confident he could help with our situation, and there was no hard sell, just straight forward advice based on experience and knowledge. The meeting were always held in comfortable surroundings, putting us instantly at ease. We swapped mortgages to another lender wiping out all our debts and the whole process took about 6-8 weeks. All we had to do was sign the paper work. It was as simple as that! We now have spare cash each month to put towards holidays, savings and just enjoying life!

Careers at LPR Mortgage Services

• Unlock your earning potential
• Work the hours that suit your lifestyle
• Become financially independent
• Achieve the rewards you deserve

With the backing of one of the UK's largest Independent Financial Networks, offering a full range of mortgage and insurance products, LPR Mortgage Services will help you achieve your goals and much more.

LPR Mortgage Services are searching the market place for quality mortgage advisers. Advisers who are aiming to realise their full potential. Up and down the country. From Cardiff to Coventry, if you are a mortgage adviser with a minimum of 12 months experience, or you know of someone who you feel would relish the LPR opportunity, then call now on 01788 521544. Write your own future with LPR Mortgage Services.

LPR P.R.I.D.E in Business (Business Networking)

P.R.I.D.E In Business is a local business forum that I set up at the beginning of this year, for all those business and individuals who believed that the qualities of PRIDE were common to all of us.

Designed as an informal setting for the generation of business relationships, PRIDE is networking, as it should be. No hard sell, no pressure, but long lasting and mutually rewarding working relationships.

We already have 26 members, with numbers growing all the time. So if you are interested in growing your business, or developing quality business relationships, give me a ring on 01788 521544 and I shall fill you in on all the details.

The next meeting is on the 10TH July, 12.30pm at The Rugby Lions Football Club

Visit the website www.prideinbusiness.co.uk for more information.

Mortgage Rates

The last time mortgage rates were this high was in April 2001. Over six years ago. And don't the media know it. Every news headline says something like "Mortgage misery". Property shows are quick to point out how difficult it is for first time buyers to get onto the property ladder. Click onto the web and all that is ever discussed is rates going up, up, up.

You would be forgiven for thinking that the days of being able to afford your own home were gone. But just pause for a moment. You are about to turn over and look through dozens of pages of properties for sale. Existing homeowners looking to make the move to their next family property. Property developers offering brand new homes right across the price scales. Ranging from one bedroom apartments to six bedroom executive homes. This is not the face of a "miserable market". Walk into any of the nineteen or so estate agents in town, and see how busy they are.

The market is not one of misery and desperation. It is as it always is; one of change. And one of the most essential tools of my job as an impartial mortgage broker is to help clients adapt to that change. The lenders themselves. The banks and building societies have adapted. Remember "income multiples?" 3 x you salary = how much you can borrow. Those days, if not gone are certainly on their way out. Most sensible lenders use affordability equations to base their lending decisions on these days. As should we, the potential buyers. It is all too easy to find out if you can borrow the relevant amount of mortgage, but is something else entirely to make sure you can AFFORD to borrow it.

Yes interest rates have gone up, and for what it's worth, in my opinion they will probably go up again in the future, but that does not mean that any potential buyers should give up the ghost. There are all sorts of ways and means at your disposal to assist you in affording the right mortgage.

Fixing your mortgage rate is a superb way of ensuring that for a specified period, you are aware of what your outgoings are. And far from dying out, fixed rates are in abundance. Lenders are constantly changing their schemes and products, but there are still some great fixed deals on the market. LPR Mortgage Services can help you find the most suitable ones. Let me give you an example:

A first time buyer looking to purchase a house at £135000 puts down a 5% deposit and borrows a mortgage of £128250 over 30 years on an interest only basis. They choose a fixed rate of 5.09% (Less than the bank of England rate). The rate is fixed for two years, and the monthly payment would be £556.

Another potential buyer has no deposit for their £135000 property, and yet they can still achieve a 2-year fixed rate at 5.64% (just over the Bank of England rate) their monthly payment would be £644. Just £88 per month more.

The term of a mortgage is also something that you can utilise to your own advantage. Remembering all the time, that just because you state on an application form that you are applying for a 30 year (for example) mortgage, does not mean that you have any intention of keeping it for that long. It simply suits your purpose now, and with the help and support of LPR Mortgage Services throughout your mortgage term, you can constantly review your mortgage term with an aim to pay it off at a time that suits you.

For example, a repayment mortgage of £160,000 on a term of 22 years at a fixed rate of 5.09% would cost £1015 per month. This may be too costly, but by negotiating the term to say 30 years would reduce the monthly payment to £873. This is nearly £150 per month less. I must stress at this point that a little information is a dangerous thing, and in order to really make the most of your mortgage, then please do get in touch to discuss individual requirements in more detail.

So, enough of this mortgage misery I say. Where there is an LPR, there is a way. Visit our website at www.lprmortgages.co.uk or contact us on 01788 521544 or email on info@lprmortgages.co.uk