Green shoots of recovery continue in Mortgage Market….
Coventry Building Society and Accord Mortgages have today both launched products requiring only a 15% deposit, which shows further recovery within the U.K mortgage market.
This news is hot on the heels yesterday that physical valuations will resume immediately with many lenders. Also, we have seen previously dormant lenders re-entering the market since the initial COVID-19 outbreak.
Our first physical valuation since shutdown was booked today for a client’s mortgage application that was only submitted last week, so this is heart warming progress indeed.