Mortgage Advice Could be Crucial During Coronavirus Crisis

Monday, April 27th, 2020

As part of the financial rescue package offered by the Government in the wake of the coronavirus pandemic, a mortgage payment holiday could be just the thing to help many thousands of people in what will be a very difficult period financially over the coming months.

Thankfully the majority of mortgage lenders have played their part in making access to this facility as easy as possible, albeit some were experiencing 10-hour telephone queues in the days immediately after the announcement as they worked with restricted staff numbers.

The mortgage payment holiday – get professional advice

However, there are certain things to be aware of before applying for the payment holiday and Caboodle Finance has been discussing the situation with their clients and providing mortgage advice to make sure each customer gets the best possible outcome based on their own personal circumstances.

Things to be aware of

For example, there may be restrictions or barriers for those wishing to take out or transfer to a new mortgage product with their existing lender and for those who were already in arrears. To ensure that mortgage customers attain the most beneficial outcome to meet their priorities, some sound mortgage advice from an expert broker could be “just the ticket”.

Finding the best option for you

Also, those coming to the end of a fixed rate deal may not know what the best option is when securing a new product, how long to fix it for and whether their existing lender is still the best option for them. Again, a knowledgeable mortgage broker will be able to provide valuable mortgage advice at a time when many lenders are restricting products, tightening criteria, or even temporarily withdrawing from the market altogether.

Get specialist advice

Our specialist team work extremely hard to ensure that our clients get the best possible mortgage in all the circumstances. With that in mind, if you want to see what some of our many clients think of us, and the first-class service they say we provide, check out our many testimonials by clicking the link HERE.

Then, if during this very difficult time you would like some mortgage advice tailored for you, please call one of our friendly expert advisors in complete confidence here at Caboodle Finance of Sutton Coldfield, Birmingham today on 0121 308 9114 or alternatively click HERE to contact us via the website and we will be delighted to do our very best to help you!

And, of course, in the meantime, please stay very safe!