Housing Market Update

Spring into Action (with your finances)
Spring into Action (with your finances)
April 3, 2020
Your mortgage questions answered
Your mortgage questions answered
June 7, 2020

After nearly 2 months of lockdown, meaning a halt to physical property viewings and physical mortgage valuations, the government has now announced they can resume, subject to strict social distance control practice’s being adopted.

The Construction industry has also been encouraged to get back to work, subject to safe working practices being in place, allowing new build developments to gradually start up again, and Estate Agents have been given the green light to resume property viewings. This is all great news for the housing market, with many property purchase transactions being halted or severely delayed, and existing mortgage applications being in limbo for the past couple of months waiting for a valuation to take place.

The feeling in the market, is that there is a lot of pent up desire from potential home movers and first-time buyers to make that move, and although it may take time to get back to normal (or the “new normal”), the recent announcements are the first steps in that process.

The team at Your Mortgage Hub have continued to help and support clients over the past couple of months, and have adapted their processes to ensure we’ve been there for clients to speak to, ask questions and help them during this worrying time, and making the most of technology, using Skype, Zoom, Facebook Messenger for clients that still want to talk face to face, and we will continue to adopt this technology for the foreseeable future. If you have any questions at all about your current mortgage or are looking to “make that move”, we ‘re here to help, so please get in touch.

Ben
Ben

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