June 2020

Time to get moving?

There is good news for those looking to move as all buyers and sellers, in England, can now put their properties on the market.

The government has estimated that 450,000 people have been unable to progress their plans to move since stay at home measures were introduced back in March.

As the lockdown easing begins, the housing market is opening its doors, allowing buyers and tenants in England to view properties and move home.

The viewing of new properties is now also permitted. Not only are house viewings allowed again, but estate agents can also visit properties to conduct valuations and take photos and videos.

This news will positively impact borrowers as it removes one of the main barriers to mortgage lending under lockdown. 

In March, lenders withdrew hundreds of largely higher-risk mortgage deals that required in-person valuations and put mortgage applications on hold where such surveys could not be completed. 

However, lenders are now widening the number of mortgage deals available, at higher loan-to-value (LTV). 

If you are considering moving home, please don't hesitate to get in touch by using the form below or by giving us a call - we can then discuss the options available. Don't forget, we are here to support you as much as possible during these challenging times. 

Contact Us

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Colin Warburton trading as The Finance House is an Appointed Representative of HL Partnership Limited which is authorised and regulated by the Financial Conduct Authority.
Terms and conditions apply. A fee may be charged. Full details will be provided before you proceed, if you wish to use our services.