Getting a Mortgage with Covid -10 Update

COVID 19 Update Page Updated 22/05/2020

How does it work 

At View Finance Our Specialist Mortgage Advisors although based in Derby already deal with applications all over the UK - Social distancing for us is not a problem as  we can complete your application by Phone, Email or Post and when it is safe to do so we will be open for face to face appointments within our travel policy. Our Advisors are happy to make call backs in the evenings and weekends or a time to suit.

If you are concerned about your mortgage or would like a financial review please contact us - Our intial review is always at the advisors own cost and you would never be charged for us finding out what is possible whether you decide to use us or not - We also do not carry our any credit searches without your consent.

Are Lenders still Lending

During these challenging time it is still possible to obtain a mortgage many lenders still lending but with some restrictions in place. For those with greater deposits e.g. 20% or more then various alternatives for valuations can take place such as Desktop Valuation or AVM (Automated) should there be enough data and information about the property or Area. 

There is a lender that can provide automated valuations up to 90% loan to value but they are very strict regarding credit status and income.

Some lenders are also taking into account a furloughed income and are happy to use this if you have been placed in temporary redundancy - should you be unsure of your options please contact us for further information.

Latest update 22/05/2020

Following slight ease and lift of restrictions of the UK lockdown - Lending is still restricted although some lending is is capped at 75% ltv with certain lenders and these lenders will have back logs of applications to clear and houses to Value for existing applications that were made pre lockdown as valuers are now allowed to return to visit properties

Payment Breaks and Holidays

For people that are struggling as there job or income may be affected, Many Lenders are offering a payment break please see our contact page

CLICK HERE

 

If you would like to find out whether or not you are eligible to apply for a mortgage, or would just benefit from some more information on Mortgages then contact us today on                  

Call 0333 320 8658

Click Here - to make an enquiry 

Get in touch

Or 

Send us an email to [email protected] and one of our advisers will be happy to speak with you.

AS A MORTGAGE IS SECURED AGAINST YOUR HOME OR PROPERTY, IT COULD BE REPOSSESSED IF YOU DO NOT KEEP UP THE MORTGAGE REPAYMENTS.  THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. View Finance Ltd is an Appointed Representative of Finance Advice Group Ltd, which is authorised and regulated by the Financial Conduct Authority under number 624517 in respect of mortgage, insurance and consumer credit mediation activities only. The Financial Conduct Authority does not regulate some form of mortgages and loans, including most types of Buy to let mortgages and also Limited Company lending. The guidance and/or advice contained within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK. Registered office address: 42 Friar Gate, Derby, DE1 1DA. Registered in England and Wales, company number 11265177.

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