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Advice and support for all of our clients during the Coronavirus Pandemic
As advisers we are constantly being updated by the lenders & The Financial Conduct Authority, on various policy changes, which will affect how you can access property finance and obtain help from the Government through financial support.
We aim to explain in simple terms, what each change means and where you can obtain further information.
Whether you have exchanged contracts, not received your mortgage offer yet, or are considering moving in the foreseeable future, we are here to answer all of you queries.
It is disappointing when any market deteriorates quickly, even more so when it is linked with people trying to purchase a new home.
Please be aware that taking a payment holiday might have implications especially if your existing mortgage rate is due to end or if you plan on purchasing once things get back to ‘normal’.
We are only advising to take a payment holiday if it’s your last resort, not just because you can. The payment is typically added onto your loan with interest and will cost you more in the long term.
If your current deal is ending soon and you are unsure on what to do, we have provided some useful links to the Money Advice Service, a free and impartial advice service, as well as our own guidance.
The government has recently announced survival packages for employers, employees and the self-employed. We have tried to summarise these the best we can & have put links to the relevant Government website pages with full details on for each.
If you have Protection Policies such as life assurance, critical illness etc we urge you to keep these in place. The insurance market will be putting different clauses in new policies once the dust has settled and therefore your current policy is already likely to be better than ones you may take in the future.
If you have lost a loved one and there is a mortgage to pay, you should continue where possible to make the mortgage payment or contact the lender as soon as you are able to inform them of your loved ones death so you can make arrangements.
Its dreadful that when the world is on its knees there’s opportunists still looking to make a quick buck! Do not click on any links sent to your mobile or by email.
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Nominated for Best Entrant Broker 2019 – Mortgage Introducer Awards
Top Rated Mortgage Adviser for 2020, 2021 & 2022 in The Times Newspaper
Yorkshire Prestige Award Winner for Mortgage Brokerage Firm 2021/2022
Nominated for Best Mortgage Broker (up to 8 Advisers) & Best Protection Broker
Nominated for Best Entrant Broker 2019 – Mortgage Introducer Awards
Top Rated Mortgage Adviser for 2020, 2021, 2022, 2023 & 2024 in The Times Newspaper
Yorkshire Prestige Award Winner for Mortgage Brokerage Firm 2021/2022, 2022/2023 & 2023/2024.
Nominated for Best Mortgage Broker (up to 8 Advisers) & Best Protection Broker
The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK
Think carefully before securing debt against your home. Your home may be repossessed if you do not keep up payments on your mortgage or any other loans secured on it.
West Yorkshire Money Limited Company Registration number 11776461. Registered Address at Office 010 Upper Wortley Road, Leeds, England, LS12 4JG with a Trading Address at Ropergate House, 43 Ropergate, Pontefract, West Yorkshire, WF8 1JY. West Yorkshire Money Limited is registered with the Data Protection Act 1998 registration No. ZA490940 and is authorised and regulated by the Financial Conduct Authority under Firm Reference Number 840545.