WELCOME TO P3 NEWSDESK
In this page you will find a whole host of information dedicated to industry updates, client guides, useful information, jargon busters and a range of informative posts to help you navigate the minefield of mortgages and protection.
We will keep you updated on important changes in the industry such as stamp duty changes, new products and up to date deals coming onto the market.
This page will also keep you updated on P3 Mortgage Group!
So grab a coffee and scroll through……
NEWS IN BRIEF....
STAMP DUTY EXTENSION 2021
5% DEPOSIT MORTGAGE SCHEME RETURNS!
P3 HAVE A NEW ADVISOR!!
STAMP DUTY EXTENSION
The current stamp duty holiday has been extended in England, Northern Ireland and Wales!
The tax break, which was introduced in July last year, has brought a flurry of activity to the market! The rise in demand has also resulted in significant delays to the home buying process, and the chancellor has now moved to extend the relief for longer to prevent hundreds of thousands of moves falling through!
The current £500,000 nil-band in England and Northern Ireland will apply until 30 June.
Between the 1 July and 30th Sept, it will be reduced to £250K then from 1 Oct it will revert to the old scale.
5% DEPOSIT MORTGAGE SCHEME
The chancellor announced recently in the 2021 budget a new scheme to help people get onto the mortgage property ladder by offering a government scheme to mortgage lenders to start April 2021!.
The scheme will entice the lending market to offer 95% LTV mortgages to people with lower deposits in a bid to help inject the housing market. Though qualification and criteria is a closely guarded secret, some lenders such as Barclays and HSBC have already agreed to join the scheme with others sure follow!
P3 NEW ADVISOR UPDATE!
P3 Mortgage Group are proud to announce the appointment of Alex Rowe.
Alex joins P3 as their newest mortgage and protection advisor! Alex’s background comes from the corporate market working within companies such as HSBC, Post Office and Bank of Ireland.
Alex also brings Equity Release qualification to the fold to help P3 strengthen and broaden their client services!
HELPFUL GUIDES AND INFORMATION
JARGON! What does it mean?
HELP TO BUY EXTENDED!
REFER A FRIEND PROMO
HOMEBUYERS EASY GUIDE
We always aim to provide a high quality service to our customers. However, if you encounter any problems and we are unable to resolve them you can take your complaint to an independent Ombudsman. Our advice is covered under the Financial Ombudsman Service (https://www.financial-ombudsman.org.uk/consumer/complaints.htm [financial-ombudsman.org.uk]).
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