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In this issue, we highlight some of the support from government, lenders and insurers, such as the Stamp Duty reduction and Green Homes Grant, and latest developments regarding the Furlough scheme and Mortgage Payment Holiday initiative. 

In the midst of all this, there’s currently a mini-housing boom, and excellent mortgage rates are still on offer.  But lenders’ interest rates are starting to creep up, with a declining product availability if you only have a small deposit.* 

As a consequence of all the issues within the marketplace, we’ve been working extremely hard for our clients, across the board, to help identify deals that best meets their needs.

Elsewhere, we highlight the importance of protecting both your life and income streams, with the reassurance that a record 98.3% of all claims were paid out in the most recent data.**

Finally, whilst it may be tough to find a mortgage deal for some First-Time Buyers, the maths generally works in favour of buying over renting, and we highlight some options that may help them onto the property ladder.

I hope you find the information of use, and do get in touch if you have any questions.

Keep safe

*Moneyfacts, September 2020 release.

** Association of British Insurers, 2019 data, May 2020 release.

*** Office for National Statistics, Labour market overview, August 2020.

 

You may have to pay an early repayment charge to your existing lender if you remortgage.

As with all insurance policies, terms, conditions and exclusions will apply.

Your home may be repossessed if you do not keep up repayments on your mortgage.

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The Mortgage Zone

is a private limited company incorporated since 31/01/2005 and we are directly authorised by The Financial Conduct Authority http://www.fca.org.uk/

We provide independent & impartial mortgage advice offering a whole of the market proposition. Our distribution network includes exclusive products via network partners including Paradigm Mortgage Services, Premier Mortgage Services and Legal & General Mortgage Club.