Lots of tentacles



This thing has so many tentacles. Everyday there are new impacts on the way we go about our day. With lock-down, it means that things are beginning to grind to a halt. If surveys cannot get done then the lenders are not going to be able to issue offers. The lenders may take a view and allow desktop valuations and the surveyors will still be able to do transcripts from the Home reports so long as they are within date (3 months) but that is a potential risk for them. Barclays have imposed limits on the number of new mortgage applications that they are accepting on a daily basis and I have heard that Precise have pulled an offer after it was issued over fears of ability to repay where the clients have already concluded missives leaving them in a precarious position.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. BRICKS AND MORTAR MORTGAGES LIMITED IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.