While interest rates are at record lows and the positives of purchasing property now may seem appealing. However, it is important to consider your financial position and security during this time. There is a good chance of lenders approving your loan if you are still meeting the servicing requirements of the bank even with the reduction in your income. However, there is a risk of withdrawal if your financial position changes during the loan application process.
We’ve had many clients approach us concerned that they will not be able to complete lender application documents if they are in isolation. However, we have ways to help you get your loan documents and sign them whilst staying in isolation.
If you would like to know more about how Covid-19 is impacting the property market and economy, then click here to read another blog.
Regardless of your situation, we are here to help you. Let’s work together to create a plan to help you and your family through this challenging time!
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