The mortgage market has been hit hard by the effects of the pandemic. So its good to know that lenders are still lending and adapting their models to the times. For example, we can offer 90% loans for residential mortgages and 75% loans for BTL mortgages, both with a desktop survey, meaning no delays caused by waiting for standard property valuations.
 
The specialist market has had challenges, but again there are shoots of opportunities in some of the following specialist areas:

Equity Release
An equity release mortgage is a good way for over 55’s to raise tax-free capital from their properties, which can be used in several ways to help ease your finances during the pandemic.

Our range of lenders are finding innovative ways to continue to lend in the current market, and we are assisting clients with funding for things like supplementing income, paying off debts or helping family members.

Development funding
The MHI Group have access to a range of development funders still lending, albeit with lower loan to value sizes. Many of these properties, such as vacant buildings or development sites, can have a full valuation as they are not occupied, avoiding unnecessary delays.

We also have a good range of development exit bridge funders still available, helping clients with completed sites to capital raise while they wait for the properties to be sold.

Overseas Mortgages
The MHI Group have been helping clients purchase holiday homes and investment properties for many years. Our main markets being Spain, France, Portugal, Italy and the USA. The pandemic has affected mortgage markets around the world, but we still have lenders lending in these regions for both purchases and re-mortgaging existing overseas property.

For further details on these products or residential, buy to let and commercial finance, please contact us.