UK Mortgage Update – Coronavirus – 31 March 2020

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Sarah & George Choy - Property Podcast

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How the UK Mortgage market has changed due to Coronavirus (COVID-19). How it has affected UK Mortgages on Buy To Let, Commercial and Bridging Finance. ? Need a mortgage fast? Click the link to arrange a callback from Mortgage Broker - Paul Davies: http://bit.ly/ukmortgagebroker Plus we answer Mortgage questions from my subscribers: 1) Will the stress test for mortgage lenders change? — Anonymous 2) Is it still possible and a good time to raise funds from current btl properties? If so which is the best way, selling a property or remortgaging? If you have circa 400k equity in 4x BTL properties, can you raise funds from lenders with a floating charge on the properties? — GJ 3) What is your experience of a lender performing a Desktop Valuation? My current lending application is progressing very slowly due to the lockdown and a desktop valuation has been suggested. Are there and recommendations or tips to influence a good valuation via this method. — Neil Traxler 3) Is it still possible to get commercial mortgages for semi commercial/mixed use properties during this crisis period? — Dionne Condor-Farrell Keep safe, George Choy & Sarah Choy (retired at 39 years old)*  *  *  * George Choy and Sarah Choy are award-winning UK property investors and authors of RETIRE NOW! Your Blueprint to Financial Freedom Through Property https://amzn.to/3drA2QS ► Follow Sarah and George here: Website: https://mycastleproperty.co.uk Newsletter: https://mycastleproperty.co.uk/subscribe YouTube: https://www.youtube.com/c/GeorgeChoySarahChoyPropertyInvestors Facebook: https://www.facebook.com/GeorgeDChoy Linked In: https://www.linkedin.com/in/george-choy-property-investor-and-author-6b4b80 Twitter: https://twitter.com/George_Choy MUSIC: Da Keys - Text Me Records