Earlier this year the Bank of England lowered its already low base rate to a record 0.1%. That is the lowest Bank of England Base Rate in history!
Largely done to help protect the economy from the economic impact of the worldwide pandemic that has engulfed us all, the good news is that now is potentially a great time to remortgage! The mortgage is usually a households largest monthly expenditure and therefore, even a small saving can add a big chunk of change to the average household budget.
In what are uncertain times, checking all your outgoings to make sure there is nowhere you can trim the fat and save unnecessary expenditure is sensible. For some simply saving money, every month might be incentive enough. For others releasing a little cash and restructuring their existing loans might be the preferred option. Either way, it’s worth making a start now, rather than leaving things too late.
It can take a little time for us to find the right mortgage for you and complete all the necessary formalities, so making contact now for an initial chat makes perfect sense. We can quickly and simply evaluate your current position and, if right for you, we’ll make sure you get to choose from what’s available on the right terms.
Of course, during physical distancing, many businesses continue and Mortgage Required is no different. We can undertake consultations online via video conferencing or over the telephone and help you put together all the paperwork necessary. In some cases, mortgage lenders will accept valuations that do not even require a full physical inspection by their valuer. So there really is no excuse for not preparing for your family’s future right now.
What better time to quite literally get your house in order.
To see how Mortgage Required can help you with your mortgage requirements contact us or click here to book a free call or video appointmnet.
Related articles:
Download our Free First Time Buyers Guide
Recent posts
The government has announced plans to make buying or selling a home cheaper and quicker with what is being called the “biggest shake-up to the homebuying system in this country’s history.”
More borrowers using equity release
20 days ago
Almost one in five equity release mortgages are now taken out to provide financial support to family.
Buyers purchasing properties sooner
22 days ago
According to industry data, the expected wait for those looking to buy a property has dropped from just over 11 months to less than six months.
It is common for your first mortgage payment to be higher than your subsequent monthly payments for two reasons.
What to do just before you get your keys
27 days ago
Firstly, a big congratulations, you’ve now exchanged contracts! After weeks and months of waiting, you are about to move in. What should you do first?
The chancellor will deliver her second budget this autumn. Due to slow economic growth and high inflation, the government need to manage a £40 billion shortfall in public finances. There have already been reports about changes to taxes including income tax and capital gains tax.
Landlords could face a new tax this autumn
29 Aug 2025
The chancellor has advised that landlords could have another tax to pay this autumn as the Treasury decide whether to extend national insurance contributions to rental income.
According to a report in the Guardian, senior ministers have asked Treasury officials to look into a “proportional” property tax to see how it would work as an alternative to the existing stamp duty land tax on owner-occupied homes.
More information
Trusted by
