Keeping political points of view or persuasion on the sidelines, the handling of the coronavirus pandemic and Brexit remain huge issues, which are dominating time, resources and attention.
Strong levels of yield in most areas of the UK are also no doubt making further investment more attractive, and helping landlords maintain that all-important profitability.
The specialist lending sector has been there to support Britain’s underserved borrowers for many years, including the self-employed, freelancers, professional landlords and the credit impaired.
For mortgage brokers, technology plays a vital role in facilitating engagement with customers, despite these challenging times.
Research conducted by Aldermore Bank shows that around a third of self-employed people believe that mortgage lenders are biased against them on the basis of their employment status.
Just as the lockdown gave homeowners and investors the opportunity to review what they really wanted from their properties, so too has it given lenders the chance to step back and reassess where they want to be active.
With equity release rates at an all-time low and most plans having the ability to service interest (and some capital) as standard, the answer to this question is emphatically YES in many cases, but not in all.
Last month we focused on the pretty significant issue of how a large number of lenders were treating self-employed borrower, and, a month on, we wish we could say expressing this view has resulted in a significant u-turn from all concerned.
We all know how busy intermediary firms currently are and handling this increased volume during a time when many people are still working from home has certainly proved to be a challenge for many.
Customers’ demands are threefold: personalisation, ease and, most of all, speed. However, it still takes 24 hours to receive a DiP.