Act Now to Secure Low Rates Ahead of Brexit

Act Now to Secure Low Rates Ahead of Brexit

Brexit - accidental landlords

Recent weeks have seen the UK Government tasked with making some of the most historic decisions we will see in our lifetimes, changing the course of history and affecting future generations for years to come.

In the midst of all the speculation and debate, it can be easy to lose sight of the effect Brexit is already having on the mortgage market[i] and the impact for all current and prospective mortgage holders – whether they’re real estate investors, buy-to-let landlords, first time buyers, foreign nationals, ex-pats or ordinary homeowners.

We cannot predict the long-term outcomes of Brexit, but we can share our expertise with those who matter most; our clients.

What we can confidently say that you should be looking to review your mortgage, or get a new mortgage arranged ahead of Brexit, tabled for the end of March.

Lenders are jostling to offer the most advantageous interest rates and – whether we leave with a deal or crash out of the EU – the impact on our economy will be significant. Funding lines may be affected, which will make lending more difficult. Getting a mortgage deal now acts as an insurance policy, as offers are usually valid for six months.

October 2018 saw the highest remortgaging rates in almost a decade.[ii] Conversely, approval rates from High Street banks sank by 20% in November 2018 compared to the same month in 2017.[iii] These figures tell us that swathes of people are heeding advice to remortgage, and they’re finding solutions in the specialist mortgage market.

Our heritage as the UK’s first specialist large mortgage broker gives us a unique position as a specialist with access to bespoke lending solutions through a global network of more than 200 providers. When our competitors have exhausted all options, they pick up the phone to us. 99.9% of the time we find a solution where others draw a blank.

Don’t be put off if you think your mortgage ‘isn’t large enough’. We specialise in HNWIs but our clients come from all backgrounds. Often they just don’t ‘tick the boxes’ for really simple reasons – perhaps because they’re self-employed, retired or have a complex income stream.

Whatever your situation, there is no better time to seek advice from our expert team of advisers so get in touch to find out how we can help.

[i] https://www.thisismoney.co.uk/money/mortgageshome/article-6489055/Families-scramble-lock-low-mortgage-costs-amid-fears-rates-rise.html

[ii] https://www.ft.com/content/323dfa6e-feed-11e8-ac00-57a2a826423e

[iii] https://www.mortgagesolutions.co.uk/news/2019/01/02/remortgage-approvals-tumble-20-uk-finance/?utm_source=customsell&utm_medium=email&utm_campaign=remortgage-approvals-tumble-20-uk-finance-1546424925


Your home or property may be repossessed if you do not keep up repayments on your mortgage.
Changes in the exchange rate may increase the sterling equivalent of your debt.

Latest Articles/News

Case Studies

Like any industry, there is a lot of terminology in the mortgage market whi…

Latest/Related News

The Bank of England has today announced its plan to keep interest rates on …

Press Release

largemortgageloans.com is delighted to welcome Ryan Abbotts to the team in …

Press Coverage

Advising on protection is crucial, but can be complicated – Marketwatch…

LML Brochure

Download our brochure to find out more about largemortgageloans.com and what we can offer

Click to Download

Sign Up

Subscribe now, to hear from us on the latest mortgage market news, products and services.

Client Testimonials

Close

Live chat with
our team now

Chat

largemortgageloans.com