Coronavirus has put the world on pause, even the mortgage market has been held up causing people’s mortgage applications to come to a temporary halt. However, things are slowly starting to resume to their normal ways and the market is providing some amazing mortgage/remortgage deals. In fact, interest rates are at the lowest that we have seen them 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 announced 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:
Things won’t immediately go back to how they used to be but we are on the right track. The property market has already shown signs of improvement, for example, you can now buy a house, carry out property surveys, etc. If you are currently looking for a mortgage/remortgage deal, you are in a great position as there are thousands of great deals available.
Your Mortgage Broker in Sheffield is here to offer a helping hand through these uncertain times for you and your mortgage. A Mortgage Advisor in Sheffield will try and find that 1/1000 mortgage deal that will benefit both your personal and financial situation. We have over 38 lenders on panel that we can access in order to find you an amazing deal.
Due to popular demand, we just want to mention about remortgaging for home improvements. People are realising that Remortgaging in Sheffield is not as expensive as they originally thought. You are basically rolling onto another mortgage deal; your monthly payments will go up, however, this could only be by £100-£200 extra a month and you get a lovely extension/conversion out of it. This especially applies to homeowners wanting to start a family or expand their current one.
Is your current mortgage deal approaching its end? Do you need another deal to roll onto? If so, then now the perfect time to approach a Mortgage Broker in Sheffield like Sheffieldmoneyman. Once we have all of your details keyed in, we can pass you straight onto a Mortgage Advisor in Sheffield who will provide their full expert help and support throughout the whole of the mortgage process. Contact us today, we can’t wait to help you!