The Housing Boom – How Times Have Changed

1 September 2021
Image with turquoise background showing an drawing of a hand holding a house with the text 'Maple Accountancy, our mortgage advisor can help find the right mortgage for you.'

How Can a Commercial Mortgage Advisor Help?

Image of a couple sat with a mortgage advisor in their office, signing a contract in the foreground is a model of a white house with a red roof.   Housing prices have seen a sharp rise over the course of the pandemic. This was fuelled by the government’s introduction of the Stamp Duty holiday. People now desire more space or simply just a change of scenery due to many months working from home. However, mortgage lenders tightened up and became much stricter with their lending criteria. Worries about the financial security of people on furlough or claiming government grants made it harder for many to get a mortgage – particularly for those who owned their own business. As a result, more and more buyers are struggling to buy homes. A commercial mortgage advisor can help guide you through the ever-changing housing industry.  

Criteria versus Demand

As we ease out of restrictions and government support begins to cease, we’re seeing lenders become less restrictive with their criteria. They’re beginning to ease the difficulties in obtaining a mortgage. But housing prices are still on the rise because the demand is still there. People haven’t been able to move during the pandemic. As a result, they have spent time and money improving their own homes but are now looking to sell up and move on.   A female mortgage advisor sat at a desk typing on a laptop, next to her is a model of a small house with a red roof  

Our commercial mortgage advisor service

As a business owner, it can often be a complicated process to obtain a mortgage or re-mortgage as lenders require more information to verify your income. Thankfully, Maple is here to help. We have our own in-house commercial mortgage advisors who have helped many of our clients with complex income structures to get the right mortgage for them. If you are looking for:
  • A mortgage
  • A re-mortgage
  • Or if you’re simply just thinking about moving soon
Please contact Sara on 01332 207336 or Sara.Hackett@maple.uk.com to see if a commercial mortgage advisor can help. Your home may be repossessed if you do not keep up repayments on your mortgage. This does not constitute financial advice.

Maple Accountancy is a firm of expert Business Advisors offering accountancy services, tax and business advice to owner-managed and family-owned businesses.

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Contact

Maple Accountancy Ltd.

83 Friar Gate
Derby,
DE1 1FL

01332 207336
success@maple.uk.com

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