Before you read on, stop stressing! Just know that we are here to help you with anything mortgage-related through these crazy times. We are still 100% committed to delivering you with the same fast and friendly mortgage advice service that you are used to.
This isn’t a way to scare you at all. We are reassuring you that there are a lot of solutions for your mortgage problems that have come about because of the coronavirus. Here is what we are going to focus on in this article:
Our mortgage advice service is exactly the same, however, we’re realising that more and more customers are wanting to communicate over the phone rather than meeting an advisor face to face. This is completely fine and our excellent service will remain as it always has been.
We still offer our Free, no-obligation mortgage consultation. You can still get in touch from 8am-10pm , 7 days a week.
We are still open during our normal hours and nothing has changed. As your local expert Mortgage Broker in Sheffield, we are still determined to keep everything running at the same pace!
Due to the recent rate reduction, most lenders have decided to decrease their standard variable rates. This can really benefit First Time Buyers in Sheffield as the rates are at some of the lowest we have seen in a long time.
The coronavirus could be affecting your income, if it is, then you should contact your lender. It may get harder to meet your payments especially if you get coronavirus and you have to isolate yourself for a long period of time. We tend to find that lenders can be understanding and will agree on a mortgage payment holiday period to help you out. This situation mostly applies to the Self Employed and small business’.
Due to the interest rates dropping and lenders giving no signs of them rising back up, now has never been a better time to get a mortgage. First Time Buyers, the Self Employed and Home Movers have never had an opportunity like this to get a mortgage in a long time!
We are advising to carry on as normal but this is only if you can afford your monthly mortgage payments. If you are worried about losing your job, you may need to consider pulling out of your purchase. This could be the safest option for you. You have time to pull out of the purchase as you are not committed to completing your purchase until the contracts between you and your lender are exchanged.
There is no change so far. We still advise that you speak to a Mortgage Broker in Sheffield like us. We will advise you accordingly once we have assessed your requirements, we hope that we hear from you soon!