Housing Market to Remain Open

Housing Market will remain open during the latest lockdownThe government has announced that the construction and housing markets will remain open during the latest lockdown measures.

Estate agents are allowed to stay open, though the government recommends not going for physical viewings unless you are seriously considering purchasing the property. Physical surveys and valuations are still allowed to take place.

Removal firms are still allowed to operate, however they may have new procedures in place to do so safely. You should not enlist the help of anybody else outside of your household or bubble to help with the move unless “absolutely necessary”. Hotels are open to house buyers to help facilitate the move.

Christmas Newsletter

Seasons Greetings from Us All!

As 2020 draws to a close, we would like to wish you a restful, safe and happy break over the festive period.

In what has been an especially challenging year for everyone, we are proud to have supported many of our customers who took positive steps, be it securing mortgages with the help of our no-fee advice, deciding to remortgage or organising protection.

In the latter part of the year we have taken some time to analyse what is truly important to our customers, and how we can do even more to help you achieve the home and lifestyle you’ve always wanted. We are looking ahead to future years filled with positivity and possibility for us all.

New Year New Look!

We are undergoing a brand update in time for the New Year so that we can start 2021 refreshed and ready to go. As part of this process we’ve produced a 5 Point Promise that we are making to both our customers, and ourselves. There’s nothing new here, but it’s a good idea to focus the mind on the impactful ways in which we can help.

Dinners on Us!

Introducing our NEW Dinner’s on Us referral offer for first-time buyers

There’s nothing quite as exciting as the first night in your new home, exploring rooms and planning out where everything will fit.

But it can be tricky organising something to eat…
“where did I pack the tin opener again?”

To celebrate all our first-time buyers’ first step on the property ladder, dinner is on us!  We’ll email an exclusive link treating the new homeowners to a Deliveroo meal for two to enjoy in their new home.

And there’s more…

If you know someone who is searching for their first home and point them our way, you can enjoy the same! Put us in touch and, if we end up supporting them in their first purchase, we’ll treat you to a Deliveroo dinner for two as a thank you.

Find out more: warrenifa.co.uk/dinnersonus

Warren & Co Christmas and New Year Opening Hours

24 December: 8am – 2pm
25, 26, 27 & 28 December CLOSED
29 & 30 December 9am – 5pm
31 December 8am – 3pm
1 January CLOSED

Merry Christmas and a Happy New Year
from us all at Warren & Co

Merry Christmas

On the run up to Christmas we would like to wish you all a season’s greeting.

Merry Christmas to all from Warren & Co!

We look forward to seeing you again in the new year

5 Point Promise

90% Mortgages Are Now Back On

 

As a result of the Covid outbreak at the start of the year, most 90% mortgages were withdrawn and 95% mortgages all but disappeared. However, after several months of limited availability, 90% mortgages for homebuyers are starting to come back to the market. The rates aren’t as favourable as they were before, but we will be able to source the market to find you the best rates for your circumstances.

Extended Mortgage Payment Holidays

Mortgage Prisoners

Customers are classed as mortgage prisoners by the FCA if they took out a mortgage with a lender who is no longer accepting new applications or product transfers for parts of their mortgage book (closed book lenders) and they are now unable to remortgage to a cheaper new deal with another lender, as a result of policy and criteria changes across the market. New rules from the FCA will now allow lenders more flexibility to consider remortgage applications from these customers.

Customers who are classed as mortgage prisoners will receive a letter from their existing lender referring them to the Money Advice Service website which has further information and a basic eligibility tool.

Stamp Duty Holiday Ending

The Stamp Duty holiday ends on 31st March 2021. Purchases need to complete on or before this date to benefit from the reduced rates.

Please be aware that due to lenders backlogs and the pressure on solicitors, the average time from putting in an offer to completion is approximately 16 weeks.

The Christmas and New Year period will also slow the process down, so please keep this in mind when budgeting for your fees and timescales.

Stamp Duty Cuts Announced

The Chancellor has today announced a stamp duty holiday to start immediately and run until 31st March 2021. Under the changes, homebuyers will now pay no stamp duty on their main homes up to the £500,000 threshold.

The average stamp duty saving will be £4,500, with nine out of ten buyers this year now paying no stamp duty at all on purchases.

The changes do not include second homes.

June Newsletter

With many mortgage lenders resuming physical valuations on properties in England, the property market seems to be breathing back into life. Coupled with the majority of housebuilders returning to building sites, there is renewed hope for whatever stage of property ownership you’re at. 

As the property market returns gradually there may be delays from lenders and valuations as they look to catch up with any backlog. Given the changing environment at present, the best thing you can do if you have any questions is to contact us, and we’ll be able to take you through which options suit you best.

With 7.5m people being assisted by the government furlough scheme*, mortgage lenders have had to re-evaluate how they are assessing this form of income. Roughly 60% of lenders, including many high-street brands, will accept furloughed income where it can be evidenced. Another 30% of lenders will consider furloughed income on a case-by-case basis, and the remaining 10% will not accept any furloughed income on a mortgage application. With stances changing daily in the current climate, it’s best to contact our advisers to gain the most up to date information for your circumstances. 

*Source: bbc.co.uk

If you are a DIY investor one of the biggest concerns when managing your own Pension, ISA or investment is ending up with unbalanced portfolio. If your money is managed by a financial adviser, most will update the balance of your investments appropriately to your change in circumstances. 


Why is this important during these challenging times? The coronavirus crisis has left many portfolios looking precariously unbalanced. Making the necessary changes yourself can be tricky, so many people will want to find a financial adviser to help them build a portfolio that is ready for the coming recovery.


Post-coronavirus, it is more important than ever to ensure you get expert help with your finances. Speaking to an expert independent financial adviser can give you more peace of mind.