Watch the latest Mortgage Monthly Podcast with Mpowered Mortgages. In this mortgage podcast, we discuss how Mpowered is digitising the mortgage application process, creating a more faster service for clients.
We’ve seen another week of lender rates and product being withdrawn many at short notice. This leads them to receiving applications at a level where they do not have the resource to process. This as we know is leading to backlogs. Please ensure you manage clients expectations with regard to timescales , rates and the potential for payment increases.
In this week’s articles, take a look at Santander Mortgage offer extensions , a maximum one month for remortgage and purchase clients. L&G Mortgage club are running their Sparks virtual roundtables events over the next couple week focusing on Holiday Lets and Buy to Lets, along with The Mortgage Lender’s research on credit scores shows 1 in 10 Brits deter from applying for mortgage due to a poor score.