Sustainability

What does sustainability mean to Maggs Financial Services?

“Social sustainability is about improving of living conditions for current and future generations. It is one of the key values I have adopted since founding Maggs Financial Services.

“I consider myself extremely fortunate to have been able to save a deposit and buy my own home. But not everyone has access to the same opportunities that I’ve had.

“I have chosen to work with Doorway, a local homelessness charity in North Wiltshire, to help tackle social sustainability by fundraising through our refer-a-friend scheme and getting outdoors and challenging myself with my running.”

Russell Maggs - Mortgages for Doctors

Russell Maggs
Mortgage & Protection Adviser

Economic Sustainability

When buying a new property, or even re-mortgaging, there is a big focus on economic or financial sustainability. When mortgage lenders assess how much you can borrow, they want to ensure you can afford the mortgage repayments today, but also have a responsibility to ensure your ability to repay the debt will be sustainable in the future if interest rates rise.

During our conversations, we will look to ensure you will always have the ability to repay the mortgage debt in the event of loss of income through death or ill health. This is another important aspect of how sustainability and Maggs Financial Services co-exist. 

Environmental Sustainability

A mortgage and the insurance plans we discuss aren’t tangible objects. It’s difficult to make a mortgage “green” without being guilty of “greenwashing.”

But whilst mortgages & insurances can’t be “green,” our homes can be. And not just by painting them…

Mortgage lenders are working to help their existing clients make their homes more energy efficient and have large targets to ensure most of their clients have properties have an EPC rating of C or higher. As a result, you may see some mortgage lenders incentivising you to apply to them if your property has an EPC rating of A or B, but this isn’t a guarantee they’ll have the best deals on the market.

Doorway - Charity drop in centre

Doorway is a charity drop-in centre for those who are homeless, sofa surfing or who have complex issues that might affect their ability to acquire and/or sustain a tenancy.

They believe that homeless and marginalised individuals are capable of change and will only achieve their full potential when offered a safe, supportive, empowering and non-judgemental environment – it is their vision to provide such an environment and meaningful activities which will help reverse the spiral of homelessness.

2022 Fundraising

Refer a friend

I would love to be able to help more people like you. And a small business depends on personal referrals to thrive. 

Please consider referring your friends, family members and colleagues to me if you’ve been happy with my advice & service. 

And to say thank you, and give back to our local community, I will make a charitable donation on your behalf to Doorway upon completion of a new mortgage or insurance plan.

Running Challenge

This year I have been working on my fitness and getting back into running more regularly. To keep me honest and help raise some money for Doorway, next year I plan to run ten, 10km races, over 10 months (whilst reducing my personal best by 10 minutes…). 

Yes, I need to think of a more catchy slogan…

I have five races penciled in already with more to follow;

Chippenham Shortest Day 10k – Sunday 19th December
Longleat 10k – Sunday 30th January.
Westonbirt 10k – Friday 15th April.
Westonbirt Arboretum 10k – Thursday 12th May
Chippenham Longest Day 10k – Wednesday 22nd June

Please keep an eye on my social media channels to keep up to date with how I’m getting on.