Free mortgage advice for concerned Yorkshire homeowners

The Mortgage Advice Bureau in Bingley has launched a dedicated Mortgage Information Support Service to help homeowners who are worried about their finances as a result of the Coronavirus crisis.

The free support service, which is available to homeowners across Yorkshire, has been set up to answer any queries or worries about paying a mortgage and to help give people peace of mind.

To speak to a qualified mortgage adviser via the support service, homeowners can call 01274 290 350. Mortgage Advice Bureau in Bingley has also created an online resource of FAQs on the topic. This will be updated daily as more queries are raised.

While Chancellor Rishi Sunak has announced access to a mortgage payment holiday of up-to three months for those worst hit financially by the virus, this may not be homeowners’ only worry regarding household finances.

Andrew Milnes, Business Principal at Mortgage Advice Bureau in Bingley, says: “We are living in unprecedented times and some homeowners are rightly worried about their finances. With a mortgage typically being a homeowner’s largest outgoing, monthly mortgage payments are naturally going to be homeowners’ biggest concern. We’ve set up the Mortgage Information Support Service to help local people through this challenging period and to offer advice to those who need it most.

“The helpline is managed by fully qualified mortgage advisers who can provide guidance about what to do if repaying a mortgage is a worry during the Coronavirus outbreak. As the situation changes in the UK and across the globe, it’s difficult for people to foresee how their monthly income will be affected, particularly for homeowners on short-term, temporary or zero-hours contracts.

“The government is doing its best to help people during these difficult times and we certainly take financial well-being very seriously, so we are also doing our utmost to support people. "We hope that the helpline will allow homeowners to talk openly and get them back on track with their finances.”

The Mortgage Information Support Service FAQs here can be found here.