How the UK Mortgage market has changed due to Coronavirus (COVID-19). How it has affected UK Mortgages on Buy To Let, Commercial and Bridging Finance.
NEED A MORTGAGE? Arrange a callback to discuss a specific Residential or Commercial property you would like to buy or re-mortgage https://forms.gle/tEF2PkWcjDsntPC69
Plus we answer Mortgage questions from my subscribers:
1) Will the stress test for mortgage lenders change?
2) Is it still possible and a good time to raise funds from current btl properties?
If so which is the best way, selling a property or remortgaging?
If you have circa 400k equity in 4x BTL properties, can you raise funds from lenders with a floating charge on the properties?
3) What is your experience of a lender performing a Desktop Valuation?
My current lending application is progressing very slowly due to the lockdown and a desktop valuation has been suggested. Are there and recommendations or tips to influence a good valuation via this method.
3) Is it still possible to get commercial mortgages for semi commercial/mixed use properties during this crisis period?
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MUSIC: Dream of A Day — Density & Time