To all our valued customers,
Our primary concern is the wellbeing of our loved ones, and that of our staff and customers, and we sincerely hope you are safe and well.
For several weeks we have been preparing our business to ensure we can continue to provide legal services during the Covid-19 outbreak.
Our business model is already built around smart working, with our technology designed to support over 200 lawyers who already work from home, reducing the need for social contact.
The information here outlines how we will continue to operate and what adjustments we are making to ensure the safety of our clients and staff.

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Getting a mortgage might be easier in 2013

Earlier this week the Prime Minister announced that the country has made a move out of recession, and now we see announcements that the number of mortgages approved for property purchases has risen for the third consecutive month, and effective rates for mortgages down by almost 0.1%.

Throughout 2012 you may have been thinking that now was not the time to attempt to get onto the property ladder or even perhaps the time to remortgage and borrow more money, figures are suggesting that 2013 may bring better times. The last few months have also seen a fall in property prices, and so if you are a first time buyer or are hoping to move out of renting this could be enough to tempt you to start your search.

So why does it look like things might get easier and its becoming marginally easier to borrow? This could be down to the Bank of England’ Funding for Lending scheme. The scheme lends money to the banks at a very reduced rate with the proviso that they increase their lending in the economy. There are now 30 lenders taking part which makes access to the funds much easier for members of the public looking to borrow, including five out of the six big banks in the UK. Some of the new entrants into the scheme are Tesco, The Co-Op and Clydesdale Bank. Many experts believe that these might be produce some stiff competition for the bigger banks and might give those looking at mortgages somewhere to start and may also reduce the amount of time shopping around for the best deal.

If you are looking to buy or sell your property or remortgage on your current property Setfords Solicitors can help with the legal matters around this. Our expert teams are based across the country so you can access local knowledge as well as a tailored and efficient service. We also offer a free initial half-hour consultation which can assess your situation and give you the opportunity to discuss your property matter with a qualified lawyer without any financial obligation.