UK House Prices Remain Strong Amidst a COVID-19 Affected Mortgage Market

Wednesday, December 16th, 2020

A recent house price index released by Nationwide has indicated that house prices remain strong and continue to grow month-on-month despite the uncertainties that have been brought to the fore by the coronavirus pandemic. *

Volatile Market Conditions Make Professional Mortgage Advice Essential

Mortgage products, criteria, rates, and availability have been volatile since the start of the pandemic, with many lenders reducing their risk appetite to try and combat future issues that may be building up during the current climate. 

This volatility has seen many more potential homeowners and home movers look for professional mortgage advice from a reputable mortgage broker, such as us here at Caboodle Finance. 

The strength of the housing market is likely to have been supported by pent-up demand that could not be satisfied during the early months of lockdown and the introduction of the stamp duty holiday.

Turbulent Times Ahead

Whether these trends continue into 2021 remains to be seen, especially given the possibility of a no-deal Brexit. In the meantime, getting solid mortgage advice from a broker that uses a comprehensive panel of lenders will be a key factor for many wanting to secure the best mortgage they can in these turbulent times, whether buying for the first time, moving home, or a buy to let landlord.

Our Specialist Mortgage Team are Here to Help

Our specialist team always works exceptionally hard to ensure that our clients get the most appropriate mortgage for their circumstances. You can see what our clients think of our personalised service by checking our testimonials HERE.

So, if you would like some independent professional mortgage advice tailored especially for you, to make a confidential, no-obligation enquiry, just call one of our friendly expert advisers here at Caboodle Finance of Sutton Coldfield, Birmingham today on 0121 308 9114 or alternatively use the online enquiry form on our website HERE and we will be in touch.

In the meantime, we would like to take this opportunity to wish everybody a happy Christmas and of course a very prosperous and hopefully COVID-19 free New Year.

* Source – Mortgage Finance Gazette (01-12-20)

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. CONSOLIDATING DEBTS MAY INCREASE THE TERM AND TOTAL AMOUNT PAYABLE.

Your initial consultation is free and you are under no obligation to proceed with a mortgage we recommend. There will be a fee for mortgage advice. The exact fee will depend on your circumstances and may be reduced depending on the loan amount and any commission we receive from the lender. It is estimated that the fee will be £595, but it may range from £495 to 1% of the amount you borrow. The fee is only payable on completion and can normally be added to the mortgage. This will be discussed and agreed with you before you make an application. Please ask for a personalised illustration.

Secured loan rates from 3.95% APRC, although we have plans available up to 29.9% APRC which allow us to assist customers with the most severe credit problems. The overall cost for comparison is 7.65% APRC. For secured loans a broker fee up to 10% of the loan amount borrowed may be payable on successful completion. A lender fee may also apply. The actual APRC available will depend on your circumstances. All loans are subject to status. Please ask for a personalised illustration.

The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK.

Caboodle Financial Services Ltd, registered in England at Mere Green House, 46-48 Mere Green Road, Sutton Coldfield, West Midlands B75 5BT (number 08044670).
Caboodle Financial Services Ltd is an appointed representative of PRIMIS Mortgage Network (PRIMIS), a trading name of Advance Mortgage Funding Ltd which is authorised and regulated by the Financial Conduct Authority. PRIMIS is only responsible for the service and quality of advice provided to you in relation to mortgages, protection insurance and general insurance products. Any other product or service offered by Caboodle Financial Services Ltd may not be the responsibility of PRIMIS and may also not be subject to regulation by the Financial Conduct Authority. The Financial Conduct Authority does not regulate some forms of Buy to Let.

© 2020 Caboodle Financial Services Ltd