Here to help

As the COVID-19 situation continues to develop, please be assured we remain resolutely committed to safeguarding the health and security of our people and you, our valued clients and customers.

We understand that during these turbulent times you may have questions or concerns about your mortgage, your insurance or the market in general. Our teams are on hand to help and answer any queries you may have. As a business, Knight Frank Finance is able to operate largely as normal. Operations we would usually carry out face-to-face can be done digitally.

The situation in the lending market is fluid. Activity in the mortgage market is at a four-year high and today the Bank of England cut the base rate to 0.1%, an historic low.

Anybody on a tracker mortgage will have seen an immediate cut in their outgoings. It is likely this will feed through to fixed-rate products over the coming days, though with so much uncertainty among lenders, their approaches are unlikely to be uniform.

Options are emerging for those concerned about keeping up with their mortgage obligations, and increasing numbers of lenders are willing to grant payment 'holidays' for those in need. Some lenders have confirmed in recent days that applying won't mark credit records, and we are working to gain clarity from others.

We're also seeing insurers reassess their approach to the virus that will likely affect policies moving forward.

How this affects you and your family will depend on the details of your situation. For many, a better rate or a payment holiday is likely to be favourable. Others, understandably, will want to sit tight and see how things develop.

Whether you'd like to reassess your options, or just have a conversation with an informed advisor to better understand what recent developments mean for you, please get in touch. You can email us at our dedicated email address support@knightfrankfinance.com