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 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
6 days ago
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 than a quarter of UK adults in long-term relationships (26%) have reported that despite living together, they keep their finances separate from one another.
There has been a rise in both rent and mortgage costs over the last three years, with renters seeing a greater increase in their monthly payments than those with a mortgaged property.
Delayed Start Mortgages
6 Aug 2025
The new Delayed Start Mortgage launched by Skipton Building Society allows first time buyers to postpone the first three mortgage payments. This product has been designed to help soften the blow of moving in costs for first time buyers.
Green Mortgages | Rewards and Benefits
4 Aug 2025
Mortgage lenders are starting to recognise their “Green” responsibilities when it comes to the different products they offer.
A recent study by Boon Brokers where 1,000 people who had used an estate agent over the last year were surveyed, showed that a whopping 52% said they were pressured into using the estate agents’ in-house mortgage broker.
More information
Trusted by
