As restrictions and fiscal measures ease, it’s worthwhile taking a look back at how the pandemic has changed the housing market and what ‘complex’ now means in specialist lending.
While the housing market has been resilient throughout the pandemic, there is reason to believe that the year ahead will be even stronger, especially within the new-build sector.
A successful vaccine rollout and gradual easing of restrictions bring the prospect of a good summer seeing friends and family after a year that has been incredibly challenging for us all.
While lender attitudes towards self-employed borrowing have moved on since 2001, a significant majority still struggle to get accepted for a mortgage today. If it were easy, these types of mortgages would be mainstream.
There is no denying the BTL market has taken a hit over the last few years, but the fundamentals of the market have and will remain strong.
Whether it be for work or personal usage, people are completely immersed in technology, and since the pandemic began this has increased tenfold.
After more than three months of lockdown, the UK’s vision of a 'new normal' is beginning to unfold.
New build moves largely in tandem with the government’s Help to Buy mortgage scheme.
Stamp duty changes would be a great catalyst for getting the market moving again.
You only need to type ‘buy-to-let’ and see that one of the first news articles online is questioning whether the market is ‘dead.’