This is Jamie Bogle, Co-Navigate's Financial Planner, Co-owner and Director

The final interview with our directors is with Jamie Bogle. He is Co-owner of Co-Navigate along with fellow founder Andy Mathers. After lots of experience in finance, he now enjoys the fact he can shape his own destiny as a business owner.

Name

Jamie Bogle

What is your position at Co-Navigate?

Financial Planner, Co-owner and Director

Why did you choose a career in financial services?

I always wanted to work in finance. At university, I did a law degree, but I always knew I’d work in finance in some capacity. I worked for Barclays before I went to university as a cashier and got summer placements there while at university. I liked the finance side but mainly talking to customers and helping them with their money, that’s what I really enjoyed.

What is your experience?

After university, I worked in London for HMRC in employer compliance, but I didn’t enjoy working in the civil service with its mentality. I found it frustrating! From there, I saw a graduate financial adviser trainee position with the Co-operative Insurance Society (CIS), and I successfully applied. I looked after both insurance and financial advice. Again, I really enjoyed talking to people and trying to help them, I just didn’t enjoy the pressures of having sales targets. From there, I moved on to be a mortgage adviser at my uncle’s firm. That was also my first taste of self-employment. I worked there for 7 years, first as a mortgage adviser and then as a financial adviser. Then I spent 4 years working as an IFA (independent financial adviser) with a national firm, and it was during this time when I worked with Andy that I realised there is much more to financial advice than simply selling products. I wanted to help clients with their financial decisions and use more complex cash flow forecasting tools. We couldn’t do that where we were, so Andy and I decided to launch our own independent business, Co-Navigate, in order to help serve our clients better and design our own processes for delivering financial planning advice. I’ve been in finance for nearly 20 years now, and the time has gone quickly!

What do you enjoy about your job?

I really enjoy seeing clients! There is a lot of paperwork and reports to write, unfortunately, but meeting clients is what makes this job so enjoyable. During lockdown it has been more difficult because you’re just seeing them virtually rather than face-to-face and I really miss that. However, seeing clients embracing technology has been really helpful so we can continue to serve them. I also love having my own business as it allows me to be in charge of shaping my own destiny.

What key advice would you offer to a potential client to Co-Navigate?

Always invest according to a plan and don’t worry about short-term events that will inevitably try and get in the way. Just don’t get distracted from the plan.

Favourite colour

Red.

Favourite music

I’ve got a very broad taste but my favourite musician is Ludovico Einaudi. I’m also a big fan of Amy Macdonald and Kate Rusby.

Hobbies and interests

It’s got to be football. I love playing it, especially my weekly five-a-side. I’m also a season ticket holder at (dare I say it) Sunderland and go there with my daughters. I also enjoy cycling and quite often ride into work and back.

Lyndsey Stephenson Mortgage Adviser Co-Navigate Newcastle

In our last blog, we met Andy Mathers. Now, we introduce our Mortgage & Protection Adviser, Lyndsey, and discover how helping her Dad as a teenager helped her put her foot on the career ladder of financial services…

Name

Lyndsey Stephenson

What is your position at Co-Navigate?

Mortgage & Protection Adviser and Director

Why did you choose a career in financial services?

My Dad was a Financial Adviser and I grew up knowing finance as a natural part of life. I started at a young age helping out my dad in his business with basic office tasks, etc.  I then went on to help a few other financial advisers in their businesses. By going into a shared office from my teenage years and doing admin tasks for pocket money, such as filing and shredding, I got to know about what goes on behind the scenes in finance. When I went to college, I started working for another adviser as his main administrator part-time. I got used to chasing mortgages and speaking to advisers and everything that goes on, basically everything except advising. Leaving University, it seemed an obvious choice to go into financial services as I already had the background and experience.  

What is your experience?

I became an adviser in 2004 and ultimately, I’d say 5 or 6 years prior to that I was working in the field doing admin work.

What do you enjoy about your job?

The best thing for me is I get to be part of a really important part of people’s lives – their home.  I get to help people move into their dream home and that’s a really powerful thing to be part of. The fun bit is helping people get to where they want to be.  And I get to meet such lovely people every day. 

What key advice would you offer to a potential client to Co-Navigate?

Look at everything with an open mind. A lot of people have a pre-conceived idea about what a financial adviser is or should be. At Co-Navigate, we’re very different to other financial advisers; we want to build relationships with people and help them get to where they want to be rather than being transaction focused.

Favourite colour

Navy blue.

Favourite music

I’m a big fan of 80s music and could listen to it all day long. And I also like 90s pop and rock when I am running. I’m a big fan of easy listening at the weekend.

Hobbies and interests

I am a big fan of keeping fit. My husband is a qualified fitness instructor, so exercise is a big thing for us as a family. I do a lot of running, circuit training and cycling. I love spending time with family and friends, and I have really missed it during lockdown.

Andy Mathers Co-Navigate Director and Financial Planner

As part of a new series, we are introducing the people behind Co-Navigate. You may have already met the Co-Navigate family on our ‘Meet the Team’ page. But what makes them tick? And how did they move into a career in financial planning?

First of all, we meet Andy Mathers…

Name

Andy Mathers

What is your position at Co-Navigate?

Financial Planner, Co-owner and Director

Why did you choose a career in financial services?

I pretty much fell into the career. I did my degree in economics and worked for two years at a church. During that time, I was buying my first house and when I spoke to someone at the youth group he asked if I wanted to speak to his dad, who was a mortgage adviser. I went to see him and six hours later he offered me a job! I shadowed him for two weeks and as I have a geeky mathematical brain and it’s a people-related job with maths thrown in, I absolutely loved it. That was 22 years ago!

What is your experience?

Initially, I was a general adviser, working with mortgages, investments and pensions. In the past 10 years I have focused on investment and pensions. Pretty much all my clients are medical professionals, that is my speciality now.

What do you enjoy about your job?

The key bit is helping people make the most of their finances and make good decisions. People worry about talking about money and the future. What we hopefully do is give them a sense that they are in control of their finances and make wise, educated decisions, such as, ‘Can I afford to retire a year earlier?’ It gives people the sense of freedom as some people feel guilty about spending money. But when it’s planned and you can afford it, it frees you to enjoy your money guilt-free. It’s not just financial, it’s life planning to help people make good choices.

What key advice would you offer to a potential client to Co-Navigate?

Don’t bury your head in the sand! A problem shared helps deal with it in a very positive way and you don’t feel worried about it. Talk to us about your financial planning. We help people understand what their finances look like and help look forward in a positive way. Our clients have real certainty for the future, which helps people make good decisions rather than fear or worry about it.

Favourite colour

Blue.

Favourite music

I don’t really get chance to listen to music as we have 3 daughters. When we get in the car I don’t get chance to choose as it’s usually Tik Tok at the moment. My life has been ruined by Tik Tok! I do love jazz to relax to.

Hobbies and interests

Faith is really important to me – I’m actively involved in our local church. And I love hockey. When we’re not in lockdown I am playing hockey 6 hours a week. That’s 4 hours of practice and 2 hours of playing.

First-time buyer couple in their new home

If you are a first-time buyer, you may hear all kinds of ‘facts’ about buying your first home and obtaining a mortgage. But many of these facts are simply not true!

Getting your foot on to the property ladder is difficult enough without having to work out the financial and legal aspects for yourself. So, to help first-time buyers sort fact from fiction, we have chosen to discuss 5 of the biggest myths around mortgages and house buying.

First-time buyer myths

Myth 1: You need a big deposit

It is true to say that if you have a larger deposit you may have a wider choice of mortgages at potentially more favourable rates. It doesn’t mean you always need a big deposit, however. The coronavirus slowdown has led to some providers withdrawing mortgages that require a 5 or 10% deposit; these are known as 95% and 90% loan to value (LTV) mortgages.

Others, however, have retained their 90% LTV mortgages. This is where using an independent mortgage broker, such as Co-Navigate, is ideal because we access mortgages that individual house buyers and banks often can’t. If you have a lower deposit and can’t find a mortgage, speak to one of our experienced team members.

Myth 2: I must use the estate agent’s mortgage adviser

Estate agents and house builders often refer you to a mortgage adviser within their office. Some will tell you that it is compulsory to use their in-house adviser – that is simply not true!

You are free to use any mortgage adviser, bank or building society of your choosing. If you find your ideal house, tell the estate agent or house builder you are using your own adviser. 

The same goes for conveyancers or solicitors. You can use your own and do not have to instruct those used by the estate agent or house builder.

Myth 3: I can only get a mortgage through my bank

Banks and building societies provide mortgages – but they are not alone. Other financial institutions offer mortgages, although you often need an independent adviser to access the specialist providers.

Banks can only use their own mortgage products, whereas an independent adviser has access to many more. Even comparison websites cannot access all the products on the market. And independent brokers like us can often access better rates on mortgages than those tied to one provider.

Make sure you talk to an independent mortgage broker before you go house-hunting!

Myth 4: I do not need a mortgage until I find my dream home

If you wait until you find your dream home before considering your mortgage, it can end up as a nightmare. Unless you have checked what you can afford, your ideal house could be beyond your budget. 

Once you start considering buying your first home, it is advisable to speak to a mortgage broker or provider to find out how much you will be allowed to borrow and more importantly what is within your monthly budget.

Following the application process, if appropriate, we will ensure you receive an ‘agreement in principle’ (AIP). You often need to prove to the estate agent or house builder that you are in a position to buy and the AIP does just that. Please note that the AIP isn’t a mortgage offer. We can explain more about the AIP at a discovery meeting.

Myth 5: You only need a deposit and mortgage to buy a home

There’s more to buying a house than arranging a mortgage and having enough for a deposit. You need to remember that there are many costs included in buying a house.

Fees and expenses include, but are not limited to:

  • Survey costs
  • Mortgage arrangement and valuation costs
  • Solicitors fees
  • Removal costs
  • Buildings insurance
  • Stamp duty (your individual circumstances dictate what this may be)

If you are looking for your first home, remember that you must budget for these additional fees. This is something that we like to help you prepare at our first meeting, so you know what you can truly afford.

When you are ready to start searching your first home, contact us so we can help you find the best mortgage deal for you and be there to make the process as easy and as stress free as possible.