Fresh Financial Advice

The chancellor has just announced a freeze to Stamp Duty for house purchases up to £500,000 effective immediately!

This will run until 31st March 2021

To see how this affects you, whether you are a first time buyer or home mover, please get in touch

01392 927121

07732 292612

[email protected]

MORTGAGE PAYMENT HOLIDAY EXPLAINED

As you may have been hearing in the news recently, if you are impacted by current coronavirus events then you may qualify for a mortgage payment holiday. You can take up to 3 months where your monthly payments will be put on hold (interest will still accrue on your mortgage).

There is confusion as to what impact this will have after the 3 months, so let me explain;

The monthly payments plus interest you miss will be added back onto the mortgage over the remaining term and would mean a slight increase to your monthly payments after the break. This is an example of what it could look like based on a 3 month holiday:

Current mortgage: £100,000

Interest rate: 2.75%

Term remaining: 20 years

Current monthly payment: £542

New monthly payment (after holiday): £551

Monthly increase: £9

So if you are concerned going forward or would like to discuss your situation now with our mortgage broker, existing or new clients, this is something we can help you with. All advice and processing of mortgage payment holidays will be free of charge.

Please email: [email protected] or
Call: 07732 292612

Company update

Firstly, please keep yourselves and your family’s safe and healthy

In light of these unprecedented circumstances, Fresh Financial Advice would like to advise all of our clients we are still operating. If you do have any concerns or queries about your mortgage please don’t hesitate to contact us.

Contact info

📧 [email protected]
📧 [email protected]
📞 Alex 07732292612
📞 Sam 07496932847

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