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Just Mortgages sees spike in applications

Jessica Bird

April 8, 2020

John Phillips Just Mortgages

Brokerage firm Just Mortgages reported a 10% spike in applications during the last week of March.

 

The surge in enquiries is thought to have been the product of strong demand in the market since the tail end of 2019, with signs of confidence returning after prolonged political uncertainty around Brexit.

It is also thought to have reflected anxiety in the run-up to nationwide restrictions on movement due to the coronavirus pandemic.

Just Mortgages reported that clients were eager to get remortgages in place, to take advantage of low rates to help them through the uncertain period ahead.

Protection has been another key focus as clients face an economic shock during the pandemic.

John Phillips (pictured), national operations director for Spicerhaart and Just Mortgages, said: “With so much bad news around, it’s heartening to see our brokers are continuing to put everything into serving their clients’ needs.

“We’re under no illusions about what the immediate future could hold for the industry but we’re confident our business is robust and that once the lockdown is lifted we’ll continue to be in a strong position.

“In the meantime, we expect remortgaging to be a key area of activity, as hard-pressed homeowners look to secure a lower rate where possible.

“And the COVID-19 pandemic throws into stark relief the need for consumes to have the right protection policies in place alongside their mortgage.

“We will be doing whatever we can to help our clients protect themselves and their families in these uncertain times.”


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