March,12,2020 – In its progressive move towards the financial well-being of customers, Shine Mortgages has decided to offer a significant benefit. From 14th March to the next two months, the broker will arrange a 0.25% discount to all the approved mortgage applicants. All the applicants every Saturday will get this advantage.
50 out of the 90+ lenders will cooperate to facilitate the ‘relief in rate’ strategy.
The decision was taken due to several factors affecting the financial lives of Britons, they are –
• Recent Brexit buzz has affected professional lives and jobs of many and thus property buying decisions
• The structural change in the economy has made many people the victim of multiple debts
• Coronavirus has taken the global market in clutch affecting many businesses of many. Natives majorly related to the tourism industry are prone to money problems.
The broker expects that it will help many people as they can borrow at a lower rate. The indirect benefit of this will surely show on the approval rate, as it is easier to qualify on the affordability criterion. The company is committed to introducing such more supportive steps to help fund seekers buy their property with less stress.
The facility of discount in mortgage rates demands no fee from the brokers as well as the lenders. The concern is to calm down the strain prevalent in the UK economy nowadays. People have plans, but their implementation confronts obstruction due to political and economic turmoil.
The other significant benefit of the relief in interest rate is the reduced gap from the base rate of 0.75%. If the borrowers make substantial part payments in the initial years, they can save more on the part of the total cost.
Emily Smith, the Senior Executive of Shine Mortgages, says – ‘The decision is certainly unprecedented for the mortgage industry in the UK. A huge number of people can now fulfil their plans for the dream home. We are always determined to work for our customers, and our policies revolve around their concerns.
At the time when the property market is down, and lenders are reluctant, the cheaper mortgage will surely help. Besides, the increase in council tax bills in the cities of Edinburgh and Glasgow is another reason that made us thought of immediate help to the fund seekers. We are in the era of the progressive approach of FinTech, where even the bad credit score applicants get funds.
Why suffocate that approach with something that will inspire stereotypes only against the nature of new-age lending.’
About the Company -
Shine Mortgages is an online broker with a handy list of mortgage deals offered by its 90+ lenders. The broker is known for providing the fastest services in the UK with no broker fee or charges. It is equipped with the experience of 15 years. The policies and process are friendly to the borrowers. Serving to the concerns of the fund seekers is the prime goal. With a sumptuous bunch of cheap mortgage deals provided by its lenders, Shine Mortgages wins the trust of most of the property buyers in the UK. The best thing is the commitment to provide uncompromised services to the borrowers.