Borrowers and lenders will benefit from new scheme

“Last Month, the governor of the Bank of England announced the potential injection of £80bn investment into lending funds for consumers and businesses, to be used for mortgages, as well as loans to small and medium enterprises, and personal unsecured loans.

“The scheme officially started on August 1, meaning that banks will soon have access to a significant pot designed specifically to lend to home buyers.

“The rates banks and building societies will get on this funding will also mean that they will be able to make loans cheaper and more easily available.

“Borrowers should also feel the effects of an increased willingness and desire to lend on the part of UK banks and building societies, as access to the scheme will be directly linked to lending levels.

“This means that increased levels of mortgage activity will benefit not only the borrower, but the lender as well.

“If you have been waiting for the right time to get on the property ladder, it may well have arrived now.

“There couldn’t be a better time to speak to an independent mortgage adviser about buying a home.”

To arrange a meeting with an independent mortgage adviser to discuss your circumstances, contact Fiona Harpham on 01926 436113 or Nick Shergold on 01926 436103 .

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 per cent but a typical fee is 0.3 per cent of the amount borrowed.

Pictured: Fiona Harpham and Nick Shergold.