Now may be the best time to remortgage in a long time...
Responding to the COVID-19 crisis, the Bank of England has made two base rate cuts in quick succession, first to 0.25% just before the Budget, and now to 0.1%. This means that mortgage borrowing rates in the UK are now lower than ever before and so it’s a great time to look at re-mortgaging your property.
By re-mortgaging, you can do two things:
- Reduce your monthly mortgage interest, and hence your monthly outgoings; and / or
- Pull out some well-needed funds to help you through the current situation.
At Jamieson Alexander we specialise in dealing with the legal work involved in re-mortgaging quickly and efficiently and can act for both you and your lender on conventional high-street mortgages. If you would like more information or a quotation, please drop us a line.