How Can a Commercial Mortgage Advisor Help?
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.
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.