The pandemic has undoubtedly caused many homeowners and first-time buyers to reassess their living situation and what they want from a future property purchase. This coupled with the government’s stamp duty holiday has led to a rise in mortgage approvals in the UK, with approvals reaching their highest levels in 13 years.
If you decide to switch lenders for a remortgage, then a new mortgage valuation will be carried out, which could change the LTV (loan-to-value) of your loan. It can be hugely beneficial to speak to a mortgage broker, who will be able to tell you if you can possibly save by switching lenders. They can also let you know if you’d be better off sticking with your current lender, and simply moving to a new deal with them.
A wave of UK banks and building societies have restarted lending to homebuyers with small deposits, as continued demand appears to ease fears over house prices. Ever since the market reopened back at the beginning of summer, many mainstream lenders have been cautious about risky mortgage lending. Now major UK bank, Natwest, has become the latest to once again offer 90% mortgage deals.
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If you're unsure and need some advice just give us a call, our expert team of advisers are available to help you choose the mortgage that is right for you.
Where you have a complaint or dispute with us and we are unable to resolve this to your satisfaction then we are obliged to offer you the Financial Ombudsman Service to help resolve this. Please see the following link for further details: http://financial-ombudsman.org.uk
Your mortgage will be secured against your property.
Your home may be repossessed if you do not keep up repayments on your mortgage.
For mortgages we can be paid by commission, or a fee of usually 1% of the loan amount.
TaylorMade Finance Ltd is authorised and regulated by the Financial Conduct Authority.
The Financial Conduct Authority does not regulate Will Writing and some aspects of estate planning. Buy-to-Let Mortgages and Secured Loans.
The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.