Common sense from a lender?

March 27, 2020

 

Common sense is not always common practice but good to see that the lenders have decided in the circumstances to extend mortgage offers for up to a period of 3 months. With the current climate making it almost impossible to purchase, there will be a huge backlog of transactions when we get through this so this means that borrowers will not have to reapply if the mortgage offer terminates

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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.