COVID-19 For First-Time Home Buyers: A Blessing in Disguise?
The English housing market reopened for business on 13 May after its temporary closure since mid-March due to COVID-19. If a report is to be believed, about 450,000 property transactions were stalled due to the sudden shut down between March and May. Now that the lockdown is partially lifted in ...Read More
FCA confirms support for customers who are struggling to pay their mortgage
The FCA made a press release today confirming further support for mortgage customers who are either coming to the end of a payment holiday or who are yet to request one. The FCA is also reminding customers that if they can afford to resume payments, they should.Read More
Mortgage Holidays: Should You Fall For Them?
As COVID-19 continues to disrupt the global economy, governments across the world are coming up with innovative ways to deal with the slump. Rishi Sunak announced that the banks have agreed to give up to six-month payment breaks to people affected by the pandemic. So far, almost one in five ...Read More
Covid-19 vs Mortgage Brokers and Mortgage Holders
Covid-19 is sparring with mortgage brokers, mortgage holders, homeowners, estate agents and everyone in the mortgage industry to see what they are made of. The early rounds suggest the industry can go toe-to-toe with this deadly virus but it’s the later rounds and the ability to get up off the...Read More