Mortgage options will be unscathed by third lockdown

The news of a third lockdown may not limit mortgage options for homeowners and buyers as much as the previous COVID restrictions, according to new analysis from the Mortgage Advice Bureau. Brian Murphy, the head of lending at the Mortgage Advice Bureau, detailed how the housing market will come out relatively unscathed in light of the new restrictions: "Despite stricter coronavirus measures being introduced across the UK, the housing market remains open for business," he said. “we've recently seen a return to higher Loan-to-Value (LTV) products, with five of the top six providers now back offering products at the 90% LTV level and we hope to see this continue as more lenders have recovered much of their operational capacity despite most of their workforce working remotely.”

Daily Express  (06/01/2021)