As the nights draw in and the heating is turned on earlier, it’s hard to avoid a feeling that this winter comes with a growing sense of uncertainty.
Despite fears at the outset of the pandemic, the UK economy and housing market have shown a recovery more remarkable than many anticipated.
As restrictions and fiscal measures ease, it’s worthwhile taking a look back at how the pandemic has changed the housing market and what ‘complex’ now means in specialist lending.
While the housing market has been resilient throughout the pandemic, there is reason to believe that the year ahead will be even stronger, especially within the new-build sector.
A successful vaccine rollout and gradual easing of restrictions bring the prospect of a good summer seeing friends and family after a year that has been incredibly challenging for us all.
While lender attitudes towards self-employed borrowing have moved on since 2001, a significant majority still struggle to get accepted for a mortgage today. If it were easy, these types of mortgages would be mainstream.
There is no denying the BTL market has taken a hit over the last few years, but the fundamentals of the market have and will remain strong.
The mortgage industry is starting afresh.
Whether it be for work or personal usage, people are completely immersed in technology, and since the pandemic began this has increased tenfold.
After more than three months of lockdown, the UK’s vision of a 'new normal' is beginning to unfold.
