Category: Blog
As the old saying goes: “People buy mortgages, but brokers have to sell protection”.
At Landbay we have seen an increase in day one remortgages this year, and there are several reasons for this.
Over the last year and a half, several initiatives have been introduced to keep the property market moving. From the stamp duty land tax holiday to the return of high loan-to-value mortgages, the market has been busy.
EPC are three letters which continue to generate a number of column inches in the trade and the national press as the discussion around energy efficiency widens.
Mental well-being is making headlines again. ‘Burn-out’ is becoming increasingly a feature of concern as many managers and staff have worked ceaselessly to ‘keep things going’ over the past couple of years.
The arrival of the pandemic in the UK 18 months ago, and the subsequent economic disruption, had an impact on almost every aspect of life, including property investment.
There is a lot of focus at present on the UK economy and, in particular, how businesses are going to respond to the next stage of the post-COVID environment that will see a large amount of the government support ‘taps’ being turned off.
In this market when we talk about second-charge mortgages, and what they’re used for, we tend to focus on a couple of key areas – namely debt consolidation and/or home improvements.
After several months of continual changes to both lending criteria and product ranges, the mortgage product war is now in overdrive.
It’s possible to book an overseas holiday for 2022 but will you be able to go? Such uncertainty continues to fuel staycation popularity creating ongoing opportunities for holiday let lending.