What's this newsletter about?

As the chancellor unveils £330bn in support for those affected by the Corona Virus we ask, what does that support actually look like? Not knowing where to look or who to speak to for advice can confuse the issue further. Here we have listed some of the support available: 

Bank contact details, web support pages, charity support, employers and small business information. We will continue to add as information becomes available. We have also included a “mortgage” message from our Trusted Partner, TMA, who are willing to help with advice on all things mortgages. 

3 Pillars Financial Planning are here to help in any way we can during this difficult period so please do not hesitate to contact us. We work alongside professionals from all sectors therefore we can always direct you to appropriate people if we can. 


To all our clients and those that are not, we are here to support.


“The difference between what we do and what we are capable of doing would suffice to solve most of the world's problems”.

Mahatma Ghandi

SUPPORT FOR BUSINESS AT A GLANCE

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LATEST

HMRC 

If you cannot pay TAX BILL because of Coronavirus

Call the HMRC Coronavirus helpline.


HMRC Coronavirus Helpline
Telephone: 0800 015 9559
Monday to Friday, 8am to 8pm
Saturday, 8am to 4pm
https://www.gov.uk/difficulties-paying-hmrc

LATEST

Coronavirus: Wages, sick pay and time off explained

https://www.bbc.co.uk/news/business-51628524

HELP & ASSISTANCE

A message from TRUSTED MORTGAGE ADVICE

CORONA VIRUS & YOUR MORTGAGE

CORONA VIRUS & YOUR MORTGAGE

CORONA VIRUS & YOUR MORTGAGE


Corona virus is impacting on our lives in so many ways and the financial implications this has for people is overwhelming. In a world where only over a week ago many people were going through life without any impact this has now all changed.


We have seen the economy change so much every day and each day brings more job losses and reductions in income that no one could predict. As a Mortgage & Protection firm we are helping clients understand the implication of this in relation to their mortgage.


People are now facing difficulties they never could imagine such as how they will you put food on the table and pay their mortgage. These worries are on top of the stress of the health implication of obtaining the virus or passing this onto vulnerable people.


You will have seen the government announcement which confirmed mortgage lenders would allow people to take 3 months mortgage payment holidays to help in the financial crisis.


We have been in touch with each lender to ascertain how customers can contact them and also to obtain further information on what this means in terms of their credit report in the future. Below is a list of contact numbers for mortgage providers

CORONA VIRUS & YOUR MORTGAGE

CORONA VIRUS & YOUR MORTGAGE


Lenders have advised that they are currently working on how they will help customers and have asked that any customers who are facing financial difficulty should contact them direct and their teams will discuss your situation and how best they can help you.


Almost all lenders have noted that this will not negatively impact your credit file but we urge customers to ask for clarity on this aspect as the implication of a damaged credit report can cause issues in the future for both new purchases or re-mortgaging as well as obtaining other forms of credit.


There are ways in which you can look to save money, the main one being to ensure you review your current mortgage. If you are currently on the Standard Variable Rate this could be 4.24% and you could save £££ if you re-mortgage.


As this is a rapidly changing landscape we will endeavour to keep you up-to-date with any changes.


Trusted Mortgage Advice Ltd Enquiries@tmauk.co.uk