The future of the mortgage market is uncertain.
Do I need to worry?

If you are currently progressing a mortgage with Mallory Financial Limited, you have peace of mind that we will support and guide you through the mortgage process – from initial conversations to completion 

What is happening to the mortgage market?

In response to the recent mini budget, the market is particularly unsettled and there are concerns of further interest rate increases. The uncertainty about the future of interest rates has caused mortgage lenders to react which has resulted in the withdrawal of some mortgage products with others removing fee-paying mortgages.

Why is this happening?

The Chancellor’s announcement of tax cuts has provoked an expectation that the Bank of England will respond with sharp increases to interest rates. This will affect mortgages and the rates that lenders charge their customers.

Do I need to worry if I am progressing a mortgage at the moment?

Mortgage lenders will be processing any submitted applications as normal. However, these are uncertain time and we understand that reassurance is important. Therefore, if you would like to discuss your application with us, then please contact us directly.

I am coming out of my fixed rate, what should I do?

It is important not to panic, there are still plenty of mortgage deals out there. Our advisors will search a comprehensive range of mortgage lenders for a solution that suits your needs. Simply, give our team a call as soon as possible.

I am looking to buy a new home / wanting to re-mortgage. What do you advise?

Even though some mortgage lenders have decided to withdraw certain products, there are still competitive mortgage deals out there and interest rates currently remain at 2.25%*. We suggest you get in touch soon so that our advisors can discuss your needs with you and we can start the mortgage journey without delay.

Your home / property may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The precise amount will depend upon your circumstances but will be agreed with you before proceeding.

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