Over the last few months, the mortgage market has been put on a brief pause meaning that everyone’s mortgage applications have been held up. Although, it is slowly beginning to make a comeback, and it is bringing in some amazing mortgage/remortgage deals with it. In fact, interest rates haven’t been this low in over 20 years. Whether you are a First Time Buyer in Hull who was about to start the mortgage process or a current homeowner halfway through Moving Home, now is a perfect time to catch things back up to speed.
The government have announced new guidelines in regards to the property market to get it functioning again as we gradually phase out of lockdown. This is positive news.
To summarise this week’s position:
All of the above relaxations are subject to additional 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.
Your Mortgage Broker in Hull is here to help you find an excellent deal that will benefit both your personal and financial situation. Here at Hullmoneyman, we have over 38 different lenders on panel each with unique deals that we can access for you.
At the moment we are seeing that lots of customers interested in remortgaging for home improvements. They are realising that it is very easy to sort out and may only raise your monthly mortgage payments by £100 – £200. This especially applies to homeowners wanting to start a family or expand their current one.
Is your current mortgage deal coming towards the end and you need a new deal to roll onto? If so, then it’s the perfect time to approach a Mortgage Broker in Hull like Hullmoneyman. Once we have all of your details, we can pass you straight onto a Mortgage Advisor in Hull who will provide their full expert help and support throughout the whole of the mortgage process. We can’t wait to help you find an amazing mortgage deal!