Simmonds Mortgages

Mortgage Brokers covering Berkshire and beyond

Call: 01344 225 149 or 07979 690 056

COVID-19 and Mortgage Holidays

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The Chancellor's recent announcement of a three-month mortgage holiday came as welcome news to millions of homeowners experiencing financial difficulties due to COVID-19.

Both homeowners and landlords can now apply to their lender for a payment holiday if they are struggling financially.

How does it work?

Homeowners should apply directly to their lender. You will have to self-certify that your income has been affected - no documentation is required. Your lender should not charge a fee to process your application.

Taking a payment holiday will not reduce the capital you still owe, however, nor will interest stop accruing. This means it will take slightly longer and cost more to clear your debt once payments resume.

 

Your home may be repossessed if you do not keep up repayments on your mortgage

 

We can help you!

If you would like more information or help with your mortgage please call us on 01344 225 149 or 07979 690 056. Alternatively please send us an email at info@simmondsmortgage.co.uk

 

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Simmonds Mortgage Services is an appointed representative of Stonebridge Mortgage Solutions Ltd and can source the most appropriate cover from its panel of insurers with a free review of you overall protection and insurance needs. As with all insurance policies, conditions and exclusions will apply.

What our Customers Say...

Your home may be repossessed if you do not keep up repayments on your mortgage.

Simmonds Mortgage Services Ltd is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority.

Registered Office: Simmonds Mortgage Services Ltd, Lexham House, Forest Road, Binfield, Berkshire, RG42 4HP. Registered Company Number: 1152 8784 Registered in England & Wales.

There may be a fee for arranging a Mortgage and the precise amount will depend on your circumstances. This will typically be £399.00 paid once the mortgage offer has been confirmed.

There may be a fee for arranging an Equity Release or Lifetime Mortgage and the precise amount will depend on your circumstances. This will typically be £799.00 and is due on completion of the mortgage.

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