Now's the time to speak to a mortgage advisor...
In a bid to keep the economy stable during the Coronavirus, in March 2020 the Bank of England announced an emergency cut in interest rates from 0.75% to 0.25% and again from 0.25% to 0.1%. While bad news for savers, it's great news for borrowers, as lenders use the Bank of England base rate as a reference point for many mortgages.
What does this mean for your mortgage?
- Tracker - If your product is tracking the Bank of England base rate this is great news for you and you will soon see your monthly repayment cost reduce
- Variable - Your rate is likely to reduce, but not guaranteed
- Fixed Rate - Your monthly mortgage payment is set and will not move until you exit this product
Mortgage providers will be adjusting their product rates in line with this change, so now is a great time to find the perfect mortgage for you. Call us on 0118 3213 889 or visit your local branch to book an appointment.
Making your mortgage search easy
Getting your foot on the property ladder or moving home is really exciting, but we know how important it is to get your finances in order to ensure you can buy the home of your dreams.
Our experienced mortgage advisors are on hand to guide you through the entire process. And because we live and breathe mortgages we can find you the right deal for your situation from over 11,000 different options – we’ll even do all the paperwork for you!
Get in touch today to arrange a mortgage appointment and get the ball rolling on 0118 3213 889.
The latest statistics from Romans Mortgage Services
Romans Internal Statistics 2018 -19
Your home may be repossessed if you do not keep up repayments on your mortgage.
There will be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1%, but a typical fee is 0.3% of the amount borrowed.
You may have to pay an early repayment charge to your existing lender if you remortgage.
MAB 8780
Romans Mortgage Services is a trading name of LRG Financial Services Limited which is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority.
LRG Financial Services Limited. Registered Office: Crowthorne House, Nine Mile Ride, Wokingham, Berkshire RG40 3GZ Registered in England Number: 03155032
Romans provided an excellent service arranging our mortgage. They found us a great deal, were proactive and kept us up to date throughout the process. I wouldn't hesitate to recommend this service.
Very professional and helpful at all times. Explained in detail all the information/requirements that we needed to know prior to setting up the mortgage. Kept us informed regularly of the progress of the mortgage application. Made the whole process stress free for us.
Romans was very helpful, they helped to get the suitable mortgage for me. Especially with those lenders with lower mortgage rate offer and less fee charge. Even though my mortgage offer came to the term that expired while I was waiting for my purchase to be completed, they automatically renewed it for me and got it extended!
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