Mortgage Interest Rates | Raising Finance

Posted on 1 April 2020

I am sure you are all aware of the recent outbreak of the Coronavirus causing a pandemic across the globe.

Due to this, the United Kingdom, alongside other countries are currently in lockdown; with experts stating that we may be in lockdown for 3-6 months.

As we enter unprecedented times across the globe due to this situation, we hear surprisingly that many lenders have pulled back and changed their product suite for the foreseeable future. The number of mortgage products on offer has plunged by more than 1,500, as lenders turn their attention to operational issues thrown up by the coronavirus. Many lenders have paused all lending on products over 60% LVT.

We are recommending to all homeowners to renew their current mortgages, residential and buy to let and in particular those who have deals ending in the next 6 months. This is in order to potentially save money and not revert to banks’ standard variable rate, which can be expensive in most circumstances.

We can help you with Second Charges, Further Advances, and Re-mortgages in order for you to raise capital for this period of time. This is on all residential and buy to let mortgages. We are currently working around the clock to support existing and new clients with new mortgage applications and answering their questions around the uncertainty and what the future may hold.

If this is something you are interested in, please provide us with the following:
• Your contact details
• Current mortgage status
• A brief description of what you require

I will then be in contact to book in an appointment.

Email: [email protected]
Phone: 01293 278312

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