Case Study - Independent Mortgage Solutions
Financial Industry Challenges as a result of Covid-19
The team at Independent Mortgage Solutions are continuing to offer support and assistance for their customers during this difficult period. The mortgage lending industry now faces many challenges as most lenders are reducing the maximum loan to value they are willing to lend, with some now capping lending at a maximum of 60% of the value of the property. In recent days lenders have even increased rates for new business customers.
This is a difficult time both for mortgage advisors and their customers who are trying to complete mortgage deals, arrange new mortgages or see if they can get mortgage payment holidays to help manage finances at this time, especially for many who are self-employed and are no longer able to work.