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