{"id":20074,"date":"2020-04-22T13:03:23","date_gmt":"2020-04-22T13:03:23","guid":{"rendered":"https:\/\/smh.group\/?p=20074"},"modified":"2023-02-15T13:49:39","modified_gmt":"2023-02-15T13:49:39","slug":"update-on-mortgage-applications-22-april-2020","status":"publish","type":"post","link":"https:\/\/devstagesite.co.uk\/smhgroup\/update-on-mortgage-applications-22-april-2020\/","title":{"rendered":"Update on mortgage applications \u2013 22 April 2020"},"content":{"rendered":"\n<p>Like many other sectors, the mortgage industry has experienced some upheaval as a result of Covid-19. Here\u2019s an update from our <strong><span style=\"text-decoration: underline;\"><a href=\"https:\/\/devstagesite.co.uk\/smhgroup\/residential-mortgages\/\">Residential Mortgages<\/a><\/span><\/strong> team explaining the current situation in more detail.<\/p>\n\n\n\n<p>Over the first few weeks of the lockdown, mortgage\nlenders were putting all their resources into the volume of enquiries they were\nreceiving from existing customers asking for mortgage payment holidays. <\/p>\n\n\n\n<p>The majority or mortgage lenders are now accepting new\napplications once again, however they have restricted what they are taking on\nin terms of new business. The maximum Loan to Value (LTV) currently available\nis 75%, however most lenders are only allowing 60%.<\/p>\n\n\n\n<p>Although no physical valuations are currently taking\nplace during to social distancing restrictions, lenders have started to carry\nout desktop valuations, so this option is available to you if you need to get a\nvaluation on your property.<\/p>\n\n\n\n<p>We will provide a further update once we know more, but\nif you are in a position where you need to review your existing mortgage deal,\nor apply for a new one the best thing to do is contact us so we can assess your\nindividual requirements and see where things stand in the market at that point\nin time.<\/p>\n\n\n\n<p>We are available on <strong>0114 266 4432<\/strong> or <a href=\"mailto:info@smhca.co.uk\"><strong><span style=\"text-decoration: underline;\">info@smhca.co.uk<\/span><\/strong><\/a> if you need to contact us.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Like many other sectors, the mortgage industry has experienced some upheaval as a result of Covid-19. Here\u2019s an update from our Residential Mortgages team explaining the current situation in more detail.<\/p>\n","protected":false},"author":4,"featured_media":18001,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[175],"tags":[494,495,524,526,302],"class_list":["post-20074","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-residential-mortgages","tag-coronavirus","tag-covid-19","tag-mortgage-applications","tag-mortgage-lenders","tag-residential-mortgages"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Update on mortgage applications \u2013 22 April 2020 - SMH Group<\/title>\n<meta name=\"description\" content=\"Like many other sectors, the mortgage industry has experienced some upheaval as a result of Covid-19. 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