As the 2nd lockdown approaches, you may be worried that your house-moving plans will have to go on hold, but they shouldn’t! The housing market will remain open throughout lockdown – with mortgage brokers, property agents, conveyancers and other professionals ready to help you remotely in a COVID-secure manner.
House-movers
The Stamp Duty Holiday is still set to end on March 31st 2021, so you should apply for your mortgage by early December to allow enough time to complete on the property. Waiting until the lockdown is over could mean you miss out on a huge saving, so it’s important you act now to take advantage of this fantastic opportunity. We can carry out your FREE mortgage consultation via phone or video call and get you going quickly and easily.
Mortgage Payment Holidays
Mortgage payment holidays are set to be extended. If you are already taking a break from mortgage payments you can now extend your holiday (up to a maximum of 6 months), and if you need to request a holiday for the first time you can still do so. However, there are implications when taking out a mortgage holiday that you need to understand, so please get in touch with us for some free advice so you can make the best choice for you and your family.
Your Next Step
The great news for anyone looking to buy or sell a property is that it’s now easier than ever to get going – with our expert advisors ready to help you via phone or video call (on any platform). But the clock is ticking for the Stamp Duty Holiday, and waiting until the lockdown is over will likely be too late to complete on a property in time.
It’s important to note that even if you apply for your mortgage immediately, there’s still no guarantee you’ll complete in time to take advantage of the Stamp Duty Holiday. We can get the process going quickly for you, but how long it takes is ultimately down to your lender. The good news is, we’ll push your lender throughout the process to encourage a quick transaction. The same applies to your solicitor – conveyancing can take up to 60 days, so we advise you choose a solicitor who can deliver in a timely manner. We will liaise with all parties on your behalf to try to encourage the fastest possible turnaround. Find out more about the Stamp Duty Land Tax Exemption Deadline in this PDF.
If you have already started the process of moving house, you should continue and this can be done remotely. If you are thinking of putting your house on the market, get this done now so you don’t miss out on all the buyers looking to take advantage of the Stamp Duty Holiday.
Our system for helping customers remotely is in place and running smoothly, we still provide the same high-quality service without you having to leave your home! Book your FREE consultation via video call or over the phone, and we’ll find and organise the right mortgage that suits your needs.
Don’t put your life on hold for lockdown – the housing market is open, easy, and full of opportunity, so get in touch today and let’s get you moving!
Arrange a consultation with us now – we’re available via phone and video call (Zoom & FaceTime).
