During the coronavirus pandemic Manchester Mortgages have been busy arranging mortgages for a variety of customers and dealing with enquiries.

Here is a example of some of the mortgage we have arranged during the current lockdown period.

First Time Buyer buying a property of a relative with no deposit (Gifted equity). One of the applicants was furloughed.

Homemover where one of applicants was self employed and the other was not able to carry out their present position due to health issues but still being paid.

First Buy to Let Purchase whilst being Furloghed (employer topping up income to 100%) and deposit coming from a relative from an inheritance they received.

Remortgage of Property where one of the applicant was furloughed . Capital raised £10,000 to pay off existing Credit Commitments.

Later Life Lending. Client wished to purchase another property before they had sold their existing property. Had recently been made redundant but had a substantial pension pot which they will be able to use to fund mortgage payments. Would normally had to use bridging finance where interest rates would have been approximately 1%. Mortgage payments were substantially lower.

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Buy to Let remortgage. Were applicants were capital raising £80,000 to enable them to buy another property to rent out.

Help to Buy where the applicant was a overseas doctor working for the NHS and was a First Time Buyer.

Help to Buy Purchase where one of the applicants was aged 56 and required a 23 year term mortgage.

House purchase where one of the applicants was on maternity leave and was not due back to work until April 2021

In addition to the above Manchester Mortgages have arranged a product transfer for customers with their existing lender and were able to obtain a lower rate than was being offered.

Homemover where the applicant started their job in March 2020 and the other applicant party to the mortgage was on a temporary contract due to coronavirus and could not carry out their normal Occupation.

First Time Buyer who is due to start there job as a Teacher starting September 2020

Everybodys situation and circumstances are different and don’t fit the requirements of ever lender.

By Speaking with Manchester Mortgages they are able to tell you what options are available to you under the current situation obtaining you the very best terms available.

Contact us on 0161 706 0242 or email us at info@manchestermortgages.co.uk for one of our industry experienced advisers will contact you.