30/11/2020
“There are still many landlords and owner-occupiers with equity and decent incomes, who are perfectly viable borrowers, and the banks shouldn’t forget this.”
It is definitely a longer process for a mortgage in the current climate and a lot more questions being asked and proof needed, but the lenders are dealing with a larger number of cases than normal, less numbers of staff than normal and with no real sign of slowing.
Mortgage approval totals for house purchases rose again in October after spiking in September, rising from 92,000 to 97,500, show Bank of England figures. This, it says, is the highest number counted since 2007 and is 33 per cent higher than the figure seen in February of this year. October’s purc...
