Coronavirus | Mortgage Advisor in Manchester
Coronavirus & Your Mortgage Broker in Manchester
Our Mortgage Broker in Manchester service is shaped to help you
Firstly, this article isn’t made to scare you it’s to inform you about what could happen with your mortgage due to the coronavirus outbreak. All we ask is that you don’t worry! We are still 100% committed to delivering the same fast & friendly mortgage advice service that you are all used to.
Your local Mortgage Broker in Manchester is here to take all of your mortgage stress away during this tough time. We have decided to clear up a couple of things as we are sure that you have a lot of questions on your mind. Here is what we are going to talk about:
- Mortgage Advice in Manchester over the phone
- Progressing with your mortgage application
- The Bank of England rate reduction and what this means to you
- Concerns about not being able to pay for your existing mortgage
- The mortgage industries reaction to the coronavirus
Mortgage Advice in Manchester over the telephone
Our service at Manchestermoneyman remains exactly the same, however, we’re hearing that more and more of our customers want to transact over the phone. We agree and think that this is the best way to communicate going forward. We love meeting our clients face to face and properly getting to know you but nothing will change from working over the phone.
See, nothing has changed, we would still love to hear from you and have a chat about your current mortgage situation and your options. Remember, we offer a free, no-obligation mortgage consultation. Open as usual from 8am-10pm, 7 days a week so you never have an excuse not to call.
Processing your mortgage application
We are open as usual and everyone is still working hard and at the same pace! As your local Mortgage Broker in Manchester, we are here to get you through the mortgage process as fast as you would’ve prior to the coronavirus outbreak.
Bank of England rate reduction
When the coronavirus became a big deal, it came as no surprise when the Bank of England dropped their interest rates. This also led to most lenders lowering their standard variable rates. This isn’t bad news! It means that the rates are lower than they have ever been in a long time. So, if you were thinking of buying a property anytime soon, it may be a good idea to get ahead of the game now. Potentially, this could save you a lot of money, especially for First-Time Buyers in Manchester.
Concerns about your existing mortgage
If you are isolated, there is a possibility that your income could be affected. If it is becoming a problem or going to be one, you should contact your lender as they can be understanding and agree on a mortgage payment holiday period to help. This is most likely to affect the Self-Employed and small business’.
Mortgage industry reaction to coronavirus
Now that the interest rates have dropped and lenders are showing no signs of them going back up, now has never been a better time to get a mortgage. You should get in touch with your local Mortgage Advisor in Manchester! If you are a First-Time Buyer, a Home Mover or Self-Employed, this is a great time to get onto the property ladder!