Lilac Financial

Mortgage and protection advice in Corby

Lilac Financial is a financial advice firm based in Corby, in the English county of Northamptonshire. Its activity focuses on mortgage intermediation and the arrangement of protection products, with a working model based on personalised advice: the firm states that its advisers receive ongoing training and that the quality of the advice they provide is constantly assessed, within strict guidelines designed to ensure that recommended products match the client's needs.

According to the company itself, its team of advisers has a collective 27 years of experience in the financial services sector.

Mortgages: types it advises on

The range of mortgage solutions the firm presents includes several types:

• Self build mortgages.
• Second charge loans.
• Offset mortgages.
• Flexible mortgages.
• Buy to let mortgages, for purchases with the aim of renting out.
• Remortgages, that is, refinancing or switching an existing mortgage.

In addition to initial arrangements, the team advises on mortgages and remortgages and negotiates competitive terms with lenders.

Personal and business protection

In the area of protection, Lilac Financial works with products from insurers such as Aviva, Legal & General, MetLife UK, Zurich and Paymentshield, and offers access to additional cover from other companies. The firm details the following lines:

• Personal protection: life insurance, income and accident protection, home and contents insurance, and critical illness insurance.
• Business protection: relevant life plan, partnership protection, key person insurance and shareholder protection.

The five-step advice process

The firm describes its working method as a process structured in five phases. In the first, the client's property ownership goals and aspirations are established. Then relevant personal and financial information is gathered and mortgage requirements are established, including insurance and protection. Third, a recommendation is made for a mortgage and any relevant protection or insurance cover. The fourth phase covers the processing of applications, liaising with lenders and providers to help ensure they progress smoothly. Finally, the firm holds regular review meetings to check changes in the client's circumstances and their progress towards the goals set.

Complementary services through specialist partners

Alongside its main activity, Lilac Financial refers clients who need commercial insurance, private medical insurance, a will or lasting power of attorney to specialist partners. The firm specifies that will writing and lasting power of attorney are not part of The Openwork Partnership's offering and are provided in its own right, without being regulated by the Financial Conduct Authority.

Part of The Openwork Partnership

Lilac Financial Limited acts as an appointed representative of The Openwork Partnership, a trading style of Openwork Limited, authorised and regulated by the Financial Conduct Authority. The firm is part of this network, which presents itself as one of the largest and oldest financial and investment advice companies in the United Kingdom, with more than 45 years of activity. The figures the firm cites, correct as of February 2021, indicate that the group had 4,535 advisers across the country, was responsible for £11.5 billion of client money, had advised over 1.2 million clients and comprised 822 firms in the UK.

The company is registered in England with number 12930063 and its activity is aimed at consumers in the United Kingdom, subject to the UK regulatory regime.

Location and contact

22, Eismann Way, Corby, Northants, NN17 5ZB · Phone: 01536 357806 · Email: info@lilacfinancial.co.uk