Within the last few months, there has been a pause in the mortgage market and many of the general public’s mortgage applications have been held up. Due to a recent government announcement the mortgage market is springing back into action especially with the rock bottom interest rates that banks have set up to help the market get back on its feet. If you’re a First-Time Buyer in Nottingham this is a superb time for you to hop on to the property ladder. Also, if you’re a home mover then now is the time to proceed with your journey to your new home.
This positive news means that we can now help you into your new property per the government guidelines.
To summarise this week’s position:
All of the above relaxations are subject to adhering to specific health and safety guidelines and social distancing.
In terms of mortgages at the moment:
Everything will still need a lot of time in order to resume back to normal and there is no way of saying how long this could be. 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.
Our First Time Buyer Mortgage Advisors in Nottingham have access to many different lenders who offer a wide panel of products. They will look through everything that is available to them in order to find you the best one tailored to your situation.
If, in the meantime, you’re not a first time buyer or moving home then you still have the option to remortgage for home improvements as we are noticing a lot of people are realising that their homes aren’t big enough. It’s a very easy process for our Mortgage Advisors and may only raise the outgoing monthly payments by £100 – £200. This is also very handy if your current mortgage deal is coming to an end.