With stamp duty measures encouraging people to buy property, it is likely a lot of households will consider applying for a mortgage. When you consider the challenges many people, households and businesses have faced in 2020 because of the COVID-19 pandemic, it is positive to see so many people feeling optimistic as to what will…
According to information provided by the BBC, one-sixth of homeowners arranged a mortgage payment holiday. This is the equivalent of two million people, and it is important to note there are now some concerns about the longer-term impact of the mortgage payment holiday. Lisa Orme is the managing director of Keys Mortgages and she has…
As would be expected by many people, the number of new home loans approved in Great Britain has decreased by 90% since the outbreak of the COVID-19 pandemic. The Bank of England states this is the lowest level since the early 1990s. Even though estate agents have been operating in the property market since mid-May,…
Before you commit to a mortgage holiday, make sure you are comfortable with the costs of doing so.
While the pace with which the housing market re-opened in mid-May took a lot of people by surprise, the demand and activity which followed was predicted by many industry experts. It is believed around 370,000 property deals were placed on hold when the market was paused, so it was inevitable many of these people would…
With a mortgage holiday for btl lenders, there is support in the current situation.
The cutting of interest rates is intended to support people and businesses during these challenging times.
If you’re looking to buy a home, it is likely you will need to arrange a mortgage. The mortgage is expected to be the most critical aspect of buying a home, and the most significant financial commitment you will make in your life. Given the importance of the mortgage, there needs to be time allocated…