Thursday 9th July, 2020

Mortgages are harder to obtain presently due to the Covid-19 pandemic.  With many lenders removing 95% and 90% mortgages, for some lenders a minimum deposit of 15% is currently required thus making it even harded to get on the property ladder.  This will have a bigger impact on those areas where house prices are already very high.

Mortgage holidays taken during the Covid-19 pandenic have caused further problems for borrowers than expected.  In some instances applciants have been refused loans, or new mortgage deals and from our experience the impact of a payment holiday on unsecured credit commitments has reduced some applicants credit scores.  We would encourage our clients to maintain their commitments if they are able. 

Speak to us today for jargon-free mortgage advice

We are an mortgage advisor based in Southport and covering Merseyside and Lancashire. We work with clients across the region, including Liverpool, Manchester, Bolton, Preston, Wigan and St Helens, and sometimes further afield depending on the project.

Call Us: 01704 539492

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YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

JB Financial Solutions Ltd is authorised and regulated by the Financial Conduct Authority (FCA).
Our FCA number is 531615.