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October Newsletter 2006 |
Welcome to P.R.I.D.E,
the quarterly newsletter brought
to you by LPR
Mortgage Services
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A
Word From Lloyd
Welcome to this issue of P.R.I.D.E, the newsletter from LPR Mortgage Services.
And a massive thank you for your continued support. I have received some wonderful letters and emails of encouragement over the last 18 months stating that LPR's brand of personal advice is exactly what people are looking for. Not so much the starched suits of your banks and building societies, but more the approachable, friendly and experienced service of your very own mortgage broker.
So, with the final quarter of 2006 in our sights, pull up a chair,
put on your slippers, button up your cardigans and away we go…..
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
In this issue, lets take a look at INTEGRITY
When asked to define what integrity means, many of us will come up with same words. Words like, honesty, sincerity and trustworthy. But to define integrity, is not the same as having integrity. I see integrity as the driving force that runs LPR Mortgage Services, but no amount of poetic phrasing would be enough to persuade the reader of our honesty, sincerity and trustworthiness. That is why our clients are so important, as we believe they are our most articulate spokespeople. It is through the recommendations of our clients that we build up trust. It is through the one to one ongoing advice that we show our sincerity. It is with the return of old clients and friends looking for assistance that we prove our honesty.
Integrity isn't just a word in our business, it is our business.
Without wishing to sound like some self help guru, i would also add the following:
Integrity is about knowing yourself. Developing self-awareness and self esteem, and with this continual development comes the choice to improve those areas that need improvement, or to simply stand still. At LPR Mortgage Services we recognise the need to continually develop and improve and review the way we do business.
Many other providers of mortgage services, and for that matter customer service in general will stand still. Many will resent the need to change and improve. But as they stand there, stationary, they are being overtaken left right and centre, by others who want to make a difference in their lives and their businesses.
In the end our character is all we have to distinguish ourselves from our competitors, and yet it is not enough to simply say "trust me" to our clients. Trust is to be earned, and integrity is the foundation of that trust.
I would ask all of us to constantly question ourselves. Seek to develop
and grow,
I will close by offering another definition of integrity, which is:
The value we place on ourselves.
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.
Jodyne Smith "I will never use another broker - if Lloyd can't do it, it can't be done!" "As a first time buyer, Lloyd immediately put me at ease and explained everything very clearly - always pointing out the practicalities of any given situation. He ensured that I was looked after every step of the way - I never once had to worry and the purchase went through without a hitch! I recommended my father see him for a mortgage review and Lloyd brokered dad's remortgage, freeing up equity and lowering his mortgage payments, in record time. Dad was over the moon :-) 
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A
Date For Your Diary
FRIDAY 27TH OCTOBER. You are going to want to see this. With
such fantastic songs like:
Pinball Wizard, The Acid Queen and my personal favourite
(for reasons that escape me now) Eyesight To The Blind, Rugby
Theatre are pulling out all the stops for "The Who's TOMMY"
It's not every day that you get the chance to see your friendly neighbourhood mortgage adviser getting down and dirty to Pete Townsend's Rock Opera, so make sure you buy your tickets early.
Visit Rugby Theatres website www.rugbytheatre.co.uk
for more details or ring me on 01788 521544.
Platinum
Mortgage Club
The only reason why I am in business is because I am fortunate enough to have supportive clients and business associates who recommend others to me. These people in turn have been impressed (one hopes) with the advice and recommendations given and subsequently refer more friends and colleagues to me. This kind of personal referral is exactly what the Platinum Mortgage Club is all about. Sharing an experience with those that can benefit from speaking to LPR Mortgage Services.
So, if you know anyone in need of mortgage advice or who is
looking at moving house, then please…pass it on!!!!
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For
those of you that may not know, I write a mortgage article in
the Rugby Advertiser once a month. I have been
doing this since LPR Mortgage Servicies began, in the hope that
it entertains and educates. Topics range from "10 steps
to buying your first home" to "Remortgage your
way to a brighter future". The articles are published
at the beginning of every month, so make sure you pop out and
get yourself a copy. This month: LPR News...Pay Your Mortgage Off Early |
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Remortgage onto a better rate I am constantly surprised at the number of people who still do not take advantage of their ability to remortgage on a regular basis. It is one of the easiest and hassle free transactions that you can do; and with a little help from your friendly neighbourhood mortgage adviser (that's me by the way) you can often reduce your monthly mortgage payments considerably. For example, rather than pay the standard variable rate with LENDER A, you could remortgage onto a cheaper fixed rate with LENDER B. Let me give you an example: A client with an outstanding repayment mortgage of £196,000 over 20 years was quite prepared to pay the monthly payment of £1272. Until, I mentioned that he could save over £220 per month by remortgaging onto a fixed rate with another lender at 4.48%. Obviously my client was very happy, but with a view to getting rid of your mortgage earlier, you could continue to pay the higher amount and so OVERPAY your new mortgage. By choosing the right lender, you could be reducing your debt on a regular basis. Reduce the mortgage term Many people feel that they must have their mortgage for as long as their lender tells them to. I have a passion to empower my clients with the knowledge that they (the client) are the most important person in the whole mortgage business, and they are in charge of how long they have their mortgage. So the next time some old bank manager tells you that you need to have a mortgage for the next 25 years, you can tell him that actually you only want it over 20 years, or 17 years, or whatever suits your situation at the time. For example, a client with a repayment mortgage of £140,000 over 20 years was going to pay £906 per month. Her budget was actually closer to £1000 per month, and through debate and discussion we decided to reduce her mortgage term by two years. This was only costing her an extra £13 per week. Think about it. Just £13 per week to pay off your mortgage a full twenty four months early. Overpayments to your mortgage
For example: a 20-year repayment mortgage of £100,000 at a rate of 4.49% would cost £641 per month. By making overpayments of £90 per month, the mortgage would be paid off in sixteen and a half years. Three and a half years early. So think about what savings you could make and consider making overpayments instead. So don't despair when your numbers don't come up this weekend.
But remember this number 01788 521544. Call LPR
Mortgage Services to see how we can help you pay off your mortgage
early. www.lprmortgages.co.uk |
Let's
face it; none of us really WANT a mortgage. And unless the lottery
fairy comes to visit you this weekend, it's highly likely that
you are going to have your mortgage for some considerable time
yet. But rather than wallowing about how unfair life
is that lady luck visits those unworthy winners every week and
not you, how about taking a look at a few ideas to get rid of
your mortgage earlier. Some simple steps to reducing your debt,
shaving years off your mortgage and saving thousands of pounds
in the process. Sound good? Great! Pull up a chair, pour yourself
a huge mug of steaming hot coffee and tuck into a chocolate hobnob.
My
new thing at the moment is the pleasure of coffee and cake. I
love sitting at one of the window tables of a lovely coffee shop,
with the scent of those Columbian beans in the air. Sipping on
a cappuccino with a great big slab of chocolate cake on the side.
Not particularly good for the weight loss regime, but great for
the soul!!! Anyway, I recently worked out that if you were to
visit your local coffee shop three times a week, you would be
spending £20 per month. If you stopped
wasting your money on that gym membership you never use that would
be a further £50 per month, and if you
reduced your SKY subscription from the supersonic all singing
all dancing scheme, down to the sports package, that would save
you a further £20 per month. So very quickly
you have just saved £90 per month that
you can now use to make overpayments to your mortgage.LPR
Mortgage Services 
Tel: 01788 521544
Email: info@lprmortgages.co.uk
LPR Mortgage Services is an
Appointed Representative of PMP Network Ltd
who are authorised and regulated by The Financial Services Authority
in respect of Mortgages
and General Insurance mediation only.
Number 304174
YOUR HOME MAY
BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
THINK CAREFULLY BEFORE SECURING ADDITIONAL DEBT AGAINST YOUR HOME.
Copyright LPR Mortgage Services 2006