COVID-19 remortgage advice

Monday, 27th April, 2020
covid-19 remortgage

By now I imagine that we’ve all seen the economic devastation that COVID-19 continues to leave in its wake – and even the comparisons being made between its impact and that of The Great Depression of 1929.

This is clearly not good news for anyone. In the context of mortgages, experts are already suggesting that house prices may fall 13% (or an average of £38,000) by the end of the year.

This could, unfortunately, place a number of people into the dreaded realm of negative equity, whereby the property asset they own is worth less than what they borrowed.

Those with high loan to value mortgages are most at risk. However, it’s important to remember that negative equity doesn’t equate to repossession. As long as you can afford mortgage repayments in the interim then there isn’t really an issue. And for those who can afford to continue paying their mortgage repayments and plan to sit tight in their current property for the foreseeable future – or at least until property prices rise again – then it’s even less of a concern.

However, just because you’re not in a precarious situation doesn’t mean that there’s nothing further you can do. In fact, if you have the opportunity to remortgage during COVID-19 then you could use this period to get a better mortgage deal before (and if) your loan to value ratio increases due to a drop in property prices.

As a Guildford mortgage broker that proactively reaches out to its clients to let them know when they’re due to default to the standard variable rate (SVR) – and there are many of them that we’re contacting right now – our existing clients are currently securing the best mortgage deals in the UK.

However, if you’re not an existing Complete Mortgages client, have an inkling that you’re mortgage deal is coming to an end but are reluctant to change your mortgage during COVID-19 the pandemic, then don’t worry. Not only can we access the most competitive mortgage deals available right now, but we’re also offering a ‘mortgage application over video’ service – so there’s no need to physically come to our offices.

Despite lockdown, we can help you stay clear of the SVR and get you locked into a preferable mortgage rate for life post-COVID-19 – whenever that may be.

However, if you are in a situation whereby you have to sell your property and there’s no way you can hold on until the crisis passes, then contact us on 01483 238280 and I will be able to help you navigate the options open to you.

It’s a really challenging time for everyone right now. However, if one of your challenges relates to getting a mortgage (or changing your current mortgage), then I can help. Find out more by calling me on 01483 238280 or emailing

By Calli Sanfilippo at Complete Mortgages

Time to get a fixed rate mortgage before the general election?

Monday, 2nd December, 2019
mortgage rates

This article really couldn’t be timelier.

It also follows on nicely from my recent article on remortgaging, which encouraged homeowners to take advantage of the great mortgage deals currently on the market and consider getting a remortgage deal in place – even if it’s not strictly necessary – now just in case things take a turn for the worse in 2020.  After all, any offer made by a lender now is valid for six months and a lot could happen between now and then.

In fact, the theme of this piece is almost the same as that article in as much as it broadly covers the same topic – getting a cheap mortgage – however it does so in a more specific way, based on a more pressing event: the general election.

The last piece covered Brexit mortgage uncertainty and any possible interest rate rises in 2020. This piece tackles how the general election may affect mortgage rates, particularly given how they’re currently at rock bottom prices.

Only last week, The Sun covered how those who get a five-year fixed rate mortgage before the election could save themselves £4,350 a year. Similarly, Martin Lewis has highlighted how the UK’s political and economic uncertainty has translated into an opportunity for mortgage holders and is encouraging homeowners to look at good mortgage deals now to avoid potentially becoming vulnerable if what happens after the 12 December has a negative impact on mortgages.

Whether you’re new to the housing market and want to apply for a first time buyer mortgage, or you know your current mortgage deal is due to end, my advice is that you contact us to explore your mortgage options, see if there’s an opportunity for you to get a better mortgage deal and make sure that everything’s in place – namely a mortgage offer – before election day.

As a large and growing Guildford mortgage broker with a comprehensive panel of lenders, we not only have access to the best UK mortgage deals, but we also have a team large enough to process your application quickly, which is exactly what you need if you want to take advantage of what may, in hindsight, turn out to be the calm before the storm.

Complete Mortgages also has access to the most competitive specialist mortgages including commercial mortgages, adverse credit mortgages, buy to let mortgages, limited company buy to let mortgages and mortgages for contractors.

When is the right time to remortgage?

Wednesday, 5th June, 2019
when is the right time to remortgage

Before I answer that question, if you’re still at the stage where you’re wondering ‘is remortgaging right for me?’ then you might want to read our article entitled should I remortgage?

If you’re fully up to speed on the potential benefits of remortgaging, then read on.

Complete Mortgages is a mortgage broker in Guildford, which not only has clients in and around Guildford (the whole of Surrey, in fact), but also those situated throughout the UK.

Yet regardless of where our clients live, they ALL have something in common, which is that they will be contacted around four months before their current mortgage deal ends and alerted to the fact that they are about to fall onto the standard variable rate mortgage.

We do this not because we’re a team of pushy mortgage brokers, but because if we can save our clients money by helping them to get a better mortgage deal as a result of simply offering a good mortgage brokerage service, then a) we will be partly responsible for making a customer happy, and b) good service helps retain good clients. Other excellent mortgage brokers do it – many don’t.  If you’re in the process of finding a good mortgage broker, then always make sure to ask them if that’s a service they provide as standard.

However, if you’ve come upon this article and you’re not one of our customers, the title of this article may well resonate with you – and the answer is, give or take, four months.

Why four months? Firstly, because getting a new mortgage can sometimes take longer than you think and secondly, why put yourself through all that last minute stress and panic by leaving it to the last minute.

Allowing yourself enough time to move comfortably from your existing mortgage to a new one will have a huge psychological benefit and help you on your path towards getting a stress free mortgage.

Of course, if you really want stress free mortgages then my advice is to use a trusted mortgage broker, who will not only let you know when it’s time to start looking for another mortgage, but also do the looking (and the applying) for you.

Complete Mortgages’ proactive remortgage approach doesn’t just apply to one type of mortgage, but all mortgages – from first time buyer mortgages and buy to let mortgages to limited company buy to let mortgages and even commercial mortgages. If you’re a customer of ours and are coming to the end of your mortgage term, then expect a call. If you’re not, but you like the idea of us – and not you – doing the hard work when it comes to applying for a mortgage, then call a member of the Complete Mortgages team on 01483 238280 or email

By Mark Finnegan, Director at Complete Mortgages