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Virus Hit Mortgage Borrowers to get 3 Month Payment Break

On 11th March, the Governor of the Bank of England, Mark Carney announced that interest rates would be reduced to 0.25% in order to support businesses and consumer confidence during a time of crisis.

Less than a week later, Chancellor Rishi Sunak unveiled £330bn of extra support to help businesses and individuals deal with the financial difficulties that are being caused by the Covid-19 outbreak.

These two decisions highlight the Chancellor’s comments during a news conference, that a “collective national effort” would be required to get us through this.

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Bank of England Slash Rates to 0.25%

On Wednesday 11th March 2020, the UK Bank of England announced that they have reduced interest rates by 0.50%, to 0.25% as a response to the wake of the Coronavirus.

We have already received an unprecedented amount of enquiries from new and existing clients asking what this may mean for them.

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Abigail’s Footsteps Charity Ball 2019

Thameside Mortgages had a great evening at the Abigail’s Footsteps Charity Ball last night at Gillingham Football Club.

Faye Hill, Head of Operations and Events worked tirelessly to produce a stunning event for over 200 people to enjoy and it certainly didn’t disappoint.

So many people made generous donations to this amazing charity that was packed with great music from the fantastic Cheryl Baker, The Vizitors and Mike Nolan.

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