Demand for Mortgage Advice Likely to Increase Following Stamp Duty Freeze

Wednesday, August 26th, 2020

The onset of Coronavirus has certainly created great uncertainty around the world, and it is true to say that in recent months the UK mortgage market has become a little more unpredictable too.

A High Demand for Mortgages

Conversely, the recently announced stamp duty freeze seems to have whetted would-be homeowner appetites and as a result, the demand for property and mortgages has increased, something which in normal circumstances would be a sign for the economy is in great shape.

An Increasingly Complex Mortgage Market

However, alongside this, there have also been changes to products, rates, and criteria during this period, all of which when combined with the complexities of Furloughed customers, mortgage payment holidays, and self-employed applicants has made the mortgage market much more difficult to negotiate.

More People Seek Expert Mortgage Advice

Inevitably, as many of these complexities could be in play when making an application, more and more people are likely to have found it challenging to locate a lender who, against this background, is able to assist them when all their individual circumstances are taken into consideration, and as a consequence,  there is likely to be an increase in the number of people seeking expert mortgage advice.

Keeping up to Date in a Changing Marketplace

Here at Caboodle Finance, we have experienced mortgage advisers who are constantly up to date on all the changes happening in the market and as such we will be able to assess individual requirements and match them with a suitable mortgage recommendation, or at the very least provide advice on when a mortgage might be available based on the individual circumstances.

Let your Local Mortgage Broker Advise You

In short, it seems the rollercoaster ride we have experienced thus far during the COVID-19 pandemic may be set to continue for some time, and with this very challenging economic climate in mind, it is highly likely that those wanting to achieve their mortgage goals and objectives may continue to need professional advice from a suitably experienced broker.

As far as Caboodle Finance is concerned, if you want to see what some of our many clients think of the first-class service, they have received from us, click this LINK to check out our testimonials.

After that, if you would like to know more about how our friendly approach could help you secure the finance you need to meet your requirements, please call Caboodle Finance of Sutton Coldfield, Birmingham on 0121 308 9114 for a no-obligation confidential discussion with one of our specialist mortgage advisers. Alternatively, just complete our online enquiry form by clicking HERE and one of our experts will call you back as soon as possible.