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
There was a 32% increase last year in 100% loan-to-value (LTV) mortgages which are mortgages that require zero deposit. According to a recent report by chartered accountants and business advisers, Lubbock Fine, the reason behind this is buyers simply struggling to save enough for a deposit.
Average savings by age in the UK
Yesterday
Many people are quite private when it comes to what is in their bank account. In this short blog, we look into what Brits have saved by age group.
Research from buy-to-let lender, Landbay, shows that UK landlords are looking at raising rents ahead of the Renters' Rights Bill which is due to come into force this year.
Data shows landlords could miss out on green mortgages due to expired energy performance certificates.
Buying a house is a big deal, and where you are planning to buy will make a difference financially. In this short blog, we look at the most affordable and most expensive areas and how much you need to be earning to buy in there.
Pros and Cons of Equity Release
20 May 2025
Equity release is a type of mortgage that allows homeowners 55 and over to access money from their property's equity without having to leave their home. This is done by securing a loan against the house which is usually repaid by selling the property when the borrower passes away or has to move into long-term care.
Your House Viewing Checklist
19 May 2025
It’s important to ask questions about the property you are interested in before taking that step to make an offer. A little probing can make all the difference between buying your dream house or something that requires a lot of work.
Half of over 60s predicted to benefit from accessing housing wealth through Equity Release
16 May 2025
There are millions of homeowners over the age of 60 who are likely to release money from their homes to pay for their lifestyle during retirement giving those who are 'asset rich but cash poor' a way to live out their retirement the way they wish.
More information
Trusted by
