Coronavirus - Should landlords apply for a new or re-mortgage?
Emphatically yes! One big difference between the challenges of 2020 and the economic turbulence of 2008’s credit crunch is that there is no issue with the liquidity for banks and building societies.
They have the means and the willingness to lend. However, what we are seeing are disparities with how each lender responds to the current situation. Some lenders have been impacted from a service perspective more than others due to staff shortages.
We are lucky in our industry that we can work remotely, and as such are here to help our clients at this time.
Intermediaries can access the various lenders on the market and will be able to help navigate through these options at this time for you to find the best solution.