Mortgage Update

Mortgage Update

Sam Murphy and the Mortgage Medics team, our business partners, share their commentary on the current mortgage market.

July gave us reasons to be optimistic -

1. Positive inflation data
2. Some lenders reduced rates for the first time in months
3. The property market remains stable and active.

Market Commentary

It might be premature to say the worst is over, but there were definitely reasons to be cheerful in July. In addition to the above, we saw some modest support measures launched for borrowers, by way of the Mortgage Charter. Measures include the option to pay interest only for a period, or extend the mortgage term. Read our article for more details.

If you're thinking of moving, or want to review your existing mortgage, we're here to help. Conditions are challenging, but the worst thing you can do is put it off. We're happy to help you understand what's going on and make a plan. Contact us here.

From Sam & the Mortgage Medics team. 

Mortgage Medics Limited is an appointed representative of In Partnership the trading name of The On-Line Partnership Limited which is authorised and regulated by the Financial Conduct Authority (www.fca.org.uk).

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE



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