Over the past few months, the mortgage market has been put on pause and people’s mortgage applications have been held up. However, it is now starting to bounce back, and it is bringing in some amazing mortgage/remortgage deals with it. In fact, interest rates haven’t been this low in over 20 years. Whether you are a First Time Buyer who was about to start the mortgage process or a current homeowner halfway through Moving Home, now is a perfect time to catch things back up to speed.
The government have just issued some new guidelines in regards to the property market to get it functioning again as we gradually phase out of lockdown. This is positive news.
To summarise this week’s position:
All of the above relaxations are subject to additional specific health and safety guidelines and social distancing.
In terms of mortgages at the moment:
The mortgage market will still need a lot of time to recover and there is no way of saying how long this could take. You are in a great position if you are currently looking for a mortgage/remortgage deal as there are thousands available with most of them having low interest rates.
Your expert Mortgage Broker in Coventry is here to help you find an outstanding mortgage deal that will benefit both your personal and financial situation. Here at Coventrymoneyman, we have over 38 different lenders on panel each with unique deals that we can access for you. It’s just the case of a Mortgage Advisor at Coventrymoneyman picking out that 1/1000 deal for you!
At the moment we are seeing that lots of customers choosing to remortgage for home improvements. People are realising that they are very easy to sort out and may only raise your monthly mortgage payments by £100 – £200. This particularly applies to homeowners that are planning to start a family or expand their current one.
Is your current mortgage deal coming towards the end and you need a new deal to roll onto? If so, then it’s the perfect time to approach a Mortgage Broker in Coventry like Coventrymoneyman. Once we have all of your details, we can pass you straight onto a Mortgage Advisor in Coventry who will provide their full expert help and support throughout the whole of the mortgage process. We can’t wait to help you find an amazing mortgage deal!