INCREASES in demands for mortgages has resulted in Cornwall based firm Worldwide Financial Planning to appoint a new mortgage director to head up its vibrant mortgage department.
The firm, which is headed up by personal finance columnist, Peter McGahan, first announced its expansion plans last year and has been growing its team ever since.
Pat Greene, a married father of two, said he’s delighted with his new role which comes at a crucial time when the mortgage market is vibrant due to the continuing rise in house prices which is leading to more applications for mortgages being written by the firm.
He said: “House prices on average have risen 0.3 per cent since February 2022 according to the UK House Price Index for March 2022. There has been an annual price rise of 9.8 per cent which makes the average property in the UK valued at £278,436.
“Lenders’ interest rates, while continuing to go upward in trend, are still competitively priced especially if someone is in the position to put more than a 10 per cent deposit towards their purchase.
“Lenders in the market are still keen for new business, and, depending on affordability and customer credit history, they are willing to assist most customers which is great news for people seeking to get onto the property ladder and for those looking to upsize.
“This is an exciting new challenge for me and for the firm and I look forward to guiding people on their journey in what could be their biggest single purchase in their lifetime.”
Chief Executive of Worldwide Financial Planning, Peter McGahan, said: “Our team are delighted to welcome Pat to the firm as our Mortgage Director. His background in this field is extensive and his values very much match the values of our firm.
“We announced our expansion plans late last year and since then we have recruited staff across our offices in Cornwall, Southampton and Northern Ireland. We will continue to grow our business and having Pat head up our mortgages is a great step forward for us. To make contact with Pat email pgreene@wwfp.net for all mortgage enquiries.”
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NOTES TO EDITOR:
- Follow us on Twitter: @WorldwideFP and become a follower of Worldwide Financial Planning on Facebook
- For all media enquiries please contact Communications Director Eleanor McGillie on emcgillie@wwfp.net
- Worldwide Financial Planning Ltd is authorised and regulated by the Financial Conduct Authority(FRN: 440668) ‘The FCA does not regulate Credit Cards, Will Writing and some forms of mortgage and Inheritance Tax Planning.’ Information given is for general guidance only, and specific advice should be taken before acting on any suggestions made. All information is based on our understanding of current tax practices, which are subject to change.
The value of shares and investments can go down as well as up. Your home may be repossessed if you do not keep up repayments on your mortgage.