Category: Blog – Industry
As we move seamlessly into February, it is easy to get caught up with the daily challenges and looking at how we turn those frustrations into opportunities.
While some lenders have been forced to hold back this year and cut down their lending due to funding concerns, we have had the opposite problem at LendInvest.
At the tail end of December 2020, we conducted a survey amongst a selection of our landlord customers to see what they expected 2021 to hold in terms of prospects for the buy-to-let market.
As the famous saying by the Greek philosopher Heraclitus goes “change is the only constant in life”, and that has never felt truer than in the extremes we’ve experienced in the past 10 months.
It will be vital that, as arrears increase, full records are kept of the reasons why forbearance decisions are made with the justification for doing so and that this has been agreed by the borrower.
The housing market has proved remarkably resilient in the face of the COVID-related disruption and buyer demand has been sustained at a high level since May.
The impact of COVID-19 has left a huge impression on us all and really highlighted the need to better protect ourselves when and where we can.
This year has been defined by the pandemic and unfortunately it’s impossible to discuss the mortgage market without reflecting on COVID-19 and its knock-on impacts.
In this business it’s hard not to continually question whether what you are providing to your customers is actually important to them.