Covid-19 Outbreak | How Could This Affect Your Mortgage Progress?
Mortgage Broker in Leeds | Covid-19
What may happen to my Mortgage? | Mortgage Broker in Leeds
We understand the effect this outbreak will have on the economy, and some of you may be wondering how the COVID-19 with affect your mortgage? But we would like to point out that we can still help you. We are devoted to our clients and provide fast & friendly Mortgage Advice in Leeds & the surrounding area.
Mortgage Advice in Leeds During the Outbreak
- Our mortgage advice service over the telephone.
- Progressing your mortgage application.
- Bank of England rate reduction and what this means for you.
- Concerns about not being able to pay for your existing mortgage.
- Mortgage industry reactions to the coronavirus.
Our Mortgage Advice Service Over the Telephone
There’s been no change to mortgage advice service, although, we’re finding that more and more customers want to transact over the phone. We still offer a free, no-obligation mortgage consultation, and it’s the same service seven days a week. Either way, our advisors are available until 8 am – 9 pm to answer all your mortgage related questions.
Processing your Mortgage Application in Leeds
Business as usual, here we will help you throughout processing your mortgage application.
Bank of England Rate Reduction and What This Means for you
Following the recent rate reduction, most lenders have decided to lower their standard variable rates. For new applicants, it’s our job to ensure that we search for the best mortgage deal for you.
Some fixed rates on offer have actually gone up despite the rate cut!
Concerns About an Existing Mortgage
If you have been affected by the coronavirus economic wave and are concerned about meeting your mortgage payment, then please call your lender right away. Often, they are very understanding and will agree on a mortgage payment holiday period to help.
Mortgage Industry Reaction to Coronavirus
Interest rates are historically very low, and lenders show no sign of significantly increasing these. For First Time Buyers, Home Movers and Remortgage customers, this is brilliant news. There’s never been a better time to get a mortgage!