Specialist mortgage broker and distributor Impact Specialist Finance has introduced a COVID-19 update for specialist lending.
The update, available via the company’s website, is a single point of reference for relevant and up-to-date information regarding individual specialist lending offerings during the current crisis.
It will include the latest news on valuations, mortgage payment holidays, lending restrictions, and the current available product ranges from more than 20 specialist lenders operating in the residential and buy-to-let sectors.
Dale Jannels, managing director at Impact Specialist Finance, said: “Generally speaking, lenders have done a great job communicating product changes during such unprecedented times.
“However, the sheer weight of ever-changing market conditions means that all specialist lenders have had to adapt propositions across the board and will undoubtedly continue to make adjustments on a regular basis.
“The vast majority have been proactive in their updates, although it remains tough for intermediaries to filter through the volume of constant changes.
“As such, we are working closely with lenders to better understand their evolving processes and to share this information with the intermediary community to help us all get through this difficult period and meet a range of clients’ ongoing specialist lending needs.
“A specialist bridging finance lender update is also being created.”