Whilst the property market saw a drop of 70% in demand for house purchases between 1st and 29th March, since then there has been a 30% increase in demand for sales and a 50% increase in browsing for new properties (according to Hometrack, 28th April 2020).
Debbie Boyes, Director of Willowlace Ltd says “We expect mortgage availability to continue to be hampered to some extent in the short term, and as always, really good advice is critical to Borrrowers.”
Debbie continues “If you go direct to a Lender, they can only sell you the products and criteria they themselves offer. Borrowers may be severely disadvantaged by not using a great broker to fully understand their borrowing options!”
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