All animals are equal, but some animals are more equal than others..............

April 3, 2020

 

Mortgages are changing daily and there is not a day that goes by without another lender coming out with more changes on products. We are seeing a lot of lenders now funneling applicants according to how their jobs are affected by Corona Virus. My expectation is that the algorithms in the background will either reject or downscale the amount that the lenders are prepared to offer depending on what you do for a living. If you are coming up for a renewal on the mortgage then the chances of jumping ship become slimmer and you becoming a mortgage prisoner greater. Let's hope that the product transfer rates don't start to increase..........

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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.