Specialist Banking & Mortgages
Successful financial planning is not all about pensions and investment. It is just as important to consider how we manage our cash holdings and mortgage debts.
Achieving the best interest rates possible for our cash funds, mortgage payments and even currency exchange rates can have a significant impact on our financial wellbeing, so with the access we have to specialists we can guide you through these areas.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Since 2009 interest rates have been at historically low levels, so for cash savers, businesses and charities it has become harder and harder to make your cash holdings work for you. Researching the best bank accounts, opening and closing multiple accounts as you aim to maximise the interest rate available to you can be time consuming and complex.
We can now provide a solution for this through referral to Flagstone who are St. James’s Place preferred cash management provider.
Flagstone provides an online cash management portal enabling you to manage your cash deposits across a panel of more than 20 banks and hundreds of different deposit accounts at the push of a button. You only need to complete one application with Flagstone and then no further paperwork is required to switch between banks.
Using the Flagstone portal will help you maximise interest rates or to minimise risk by diversifying deposits across a number of banks, managing Financial Services Compensation Scheme limits.
This cash management service is available through Flagstone to:
- Clients with a minimum of £50,000 cash to deposit
- Private individuals
- Business clients
- Charity clients
- SIPP/SSAS and other trust accounts
One of the first objectives of many of us as we grow up is to purchase and to own our own home. Whether you are taking your first step on the property ladder, purchasing your dream home or have a buy to let portfolio. Finding the right mortgage for you and your circumstances will have a significant impact on both your financial security and ability to purchase the home you desire.
We provide a comprehensive range of first charge mortgages from across the marketplace which lenders make available to mortgage intermediaries, for which we will be paid a procuration fee by the lender. These meet an array of needs and criteria: the employed and self-employed, Help-to-Buy, buy-to-let*, self-builds, holiday homes in the UK and abroad.
We also offer a range of intergenerational mortgages for parents and grandparents wishing to help their children and grandchildren onto the property ladder.
The home on which the mortgage is secured may be repossessed if repayments are not maintained.
*Some Buy to let mortgages are not regulated by the Financial Conduct Authority
We are able to provide you access to TorFX, the preferred currency exchange service of St. James’s Place Wealth Management, to help with all your foreign exchange and international payment services.
Through TorFX You will be provided with an online account to monitor the status of your transactions, which is available to you 24/7. Over 60 currencies are available and will be in your account within two working days of receipt of the sale currency.
Whether you require currency exchange to buy a holiday home abroad, need to exchange money for your travels, or you work abroad and need to convert this into domestic currency on a regular basis, TorFX can assist. TorFX provide modern, flexible and competitively-priced services, which include spot and forward contracts, as well as regular payment schemes.
Please note that the St. James’s Place guarantee does not apply to the service offered by TorFX.
