This month we have witnessed increased activity from new and current clients and expect this positive trend to continue.

A number of our clients have been in touch to discuss the opportunities that might be available to them, with many using the lockdown period to review their mortgages and portfolios.

We have seen an increase in clients releasing equity to enable them to invest at a later date and we have also successfully arranged finance on new purchase cases, in particular, Help to Buy and Right to Buy applications.

Two Year Fixed Rate Mortgages at Three Year Low
With the Bank of England base rate of interest now just 0.1% the lowest in its history, we have seen reductions in interest rates across some products.

The typical two-year residential fixed mortgage has fallen to 2.11 per cent, a low not seen since October 2017, according to data analysis by Moneyfacts.

And although Lenders had reduced the number of mortgage products available since the pandemic crisis began, with many pulling deals at higher loan to values, over the past week we now have seen a number of lenders bringing back higher LTV mortgages, including Halifax and Nationwide which both reintroduced lending up to 85 per cent LTV.

Interest in Life Insurance
We have noticed an increase in enquiries in relation to life insurance and income protection. Insurance providers are likely to review their terms and conditions in addition to their premiums in response to the pandemic. Now is a good time to look at your life and critical illness protection needs.

If you have any questions or would like to discuss options available to you, please contact our award-winning team who are still accessible either by telephone or live web chat.