Now, possibly more than ever, it really makes sense to take professional advice.
The last few months have, no doubt, been a difficult period for most.
For our part, we’ve been available to assist our clients, and in some cases have identified new and more effective ways to communicate. Alongside our efforts, other elements of the property and protection marketplace have also worked hard to identify a way forward, and in some cases, new ways of working.
Whatever your needs, you’ll face far stricter rules applied to ‘evidencing of income’ and ‘affordability’.
In this respect, different lenders may interpret the rules in different ways, meaning that if you can’t get the loan you need from one, you might from another. This is a further reason for securing advice from an adviser who is operating in this marketplace, day-in, day-out. Our involvement may also help to protect your credit score, by not applying to too many lenders.
Into the future
Unlike the financial crash of 2007/8, most elements of the housing marketplace were in good shape ahead of the COVID-19 crisis.
More recently, Rightmove had a record 8.5m visits on 8 July (the day of the Stamp Duty announcement).
How things develop into the future will be dependent on how the economy recovers, enabling as many as possible of the 9.4m that are furloughed to return to their jobs.
Whilst we don’t have a crystal ball, we can hopefully help identify a suitable route forward for your needs.