In response to the financial impact of the coronvavirus on households and small businesses, the Bank of England has announced cuts to the base rate.
On 19 March 2020, the Bank of England base rate was cut to 0.1%. The week prior to this it had been reduced to 0.25%. It had been at 0.75% since 2 August 2018.
If you are currently looking for a better mortgage rate, now could be an ideal time with the base rate so low.
How HJS Financial Planning can help you find a better mortgage deal.
At this time we have an offer to help borrowers find a better mortgage deal:
- Free initial meeting
- Instruction fee reduced to £245 (no VAT applies)
- Further reductions apply should mortgage protection also be purchased
Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.
Call our team today on 02380 920 128 or email [email protected]
You may also be interested to read our update on alternatives to mortgage holidays if you are concerned about your mortgage repayments at this time.