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Mortgage Market Update | Stamp Duty

The Government’s Stamp Duty Holiday announcement has undoubtedly awakened the market up, but we are still severely lacking high loan to value mortgages. There are some meagre rates on offer, but with only the odd exception, you will need a 15% deposit as things stand. New builds are ok with 5% deposit from you own funds, topped up to 25% with the Government Help to Buy Equity Loan.

Seen our latest video?

If you would prefer to watch our moneymanTV YouTube video on the current mortgage market (16th July 2020), feel free to do so. We always keep our audience up to speed with the current mortgage market, so we decided to cover most of them on our channel to explain the basics and predictions for the market. We have a full dedicated playlist on our channel so make sure to check it out here.

Mortgage Market Update 16th July | MoneymanTV

Some Lenders are drifting in and out of 90% loan to value, but we need the “big banks” to play ball before the market can return to ‘normal’. They are struggling to get people back into the office and get back to full capacity but are also concerned at job loss data, and they don’t want to have to repossess any customers who might end up in negative equity. These are the things holding them back.

Demand continues to outweigh supply in terms of residential property, so there has been nothing dramatic happening yet on house prices. We are seeing multiple people going for the same house, so it is vital you get an Agreement in Principle before making an offer.


In any case, this scheme ends in March next year, and if you already have the 10%, it’s handy to know that if you continue to save up and turn that into a 15% it leads to as meaningless future interest. However, the 90% LTV’s are still available but only for a short period.

How can we help?

As an Experienced Mortgage Broker in Birmingham, holding years of valuable knowledge within a local mortgage environment, we aim to deliver that excellent service with every customer. Along with the help with an expert Mortgage Advisor in Birmingham, you could walk away with a superb remortgage deal. We offer all our customers a free remortgage consultation.

We understand the busy lifestyles of today. That is why our free mortgage consultations with your Mortgage Advisor in Birmingham are available daytimes, evenings, or weekends.

Unlike your Bank, we can search through 1000s of remortgage products to find you the best deal for your circumstances. We do love what we do here at Birminghammoneyman, and this shows through in our genuine customer reviews.

Contact us today to book your free mortgage consultation in Birmingham & see how we can help you.

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UK Moneyman Limited is authorised and regulated by the Financial Conduct Authority.
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