Covid 19 one of reasons for slow mortgage applications

05 October, 2020

As we state in our recent Mortgage Insight report, Lenders are taking longer to process mortgage applications – thanks in part to the Coronavirus.

A combination of pent-up demand, changes in criteria and a lack of scheduled visits by surveyors means that it is taking far longer to process mortgages than before the Pandemic struck.

It’s not uncommon to take over 20 days for applications to be processed. For more information on this story click here or if you would like a copy of our report, email insight@censeo-financial.com

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Censeo Financial is a trading name of Censeo Ltd who are an Appointed Representative of PRIMIS Mortgage Network, a trading name of First Complete Ltd. First Complete Ltd is authorised and regulated by the Financial Conduct Authority for mortgages, protection insurance and general insurance products. Censeo Limited is registered in England and Wales, company registration number 06453977, the Registered Address 11b Newton Court, Pendeford Business Park, Wolverhampton, WV9 5HB.

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