Our offices are open and operating on an appointment only basis, with physical viewings and valuations taking place in line with our guidelines This is the case across both our sales and lettings department.
Please contact branch directors of individual offices directly to arrange appointments.

An update from Jackson-Stops on home moving Hide
COVID-19 and the mortgage market - help is at hand

As part of our service to you, we want to provide you with information about how the current crisis is affecting the mortgage market and what your options are at this time. This advice is provided by our independent mortgage broker of choice, Private Finance.

Here you can find answers to some important questions and find out how your mortgage might be a valuable financial planning tool.


Is the mortgage market closed?

Contrary to some media reports, the market is not “closed” but operating almost as usual. Some banks have curtailed their lending, other lenders are undertaking what are known as desktop valuations, and of course, applications may take a little longer. Private Finance has access to the whole of the market, so you can proceed to seek financing as normal at up to 85% loan-to-value on residential purchases and remortgages, and up to 80% on buy-to-let purchases and remortgages. 

Can I remortgage at this time?

Yes, and given the recent interest rate cut and new low mortgage rates, you might be able to make considerable savings, especially if you are paying the standard variable rate (SVR). Many offers are available for up to six months, so it is advisable to review your mortgage now, even if your current fixed rate doesn’t end for a while. In these extraordinary circumstances, it may even be beneficial in the long term to incur redemption penalties on your current loan in order to obtain savings over the mortgage term. 

What other options do I have currently?

Aside from simply switching to a lower rate, there are a number of other options that may help you at this time. These include switching to an offset mortgage to reduce interest payments, bridging and Lombard loans, interest-only mortgages and capital raising for increased flexibility or to finance a purchase.

How is my current mortgage affected and am I eligible for the mortgage holiday?

You can find the answers you are looking for about mortgage holidays, existing applications and other resources in a recent Private Finance article: Coronavirus and your mortgage

How are protection insurance policies (life, critical illness and income) being affected?

You may have seen fake news stories online about insurers not paying out on policies. If you want some clarity, you can find answers to some common questions direct from the Private Finance protection team here: Coronavirus and your protection insurance

Can I contact Private Finance If I need advice and I am not a client?

Of course, if you need any help or would simply like to discuss your circumstances and options with an expert consultant you can give Private Finance a call on 0800 980 8777, email them at info@privatefinance.co.uk or submit an enquiry on their website.  

All mortgages are subject to the applicant(s) meeting the eligibility criteria of lenders. Your home may be repossessed if you do not keep up repayments on your mortgage.