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If you’ve seen or read the news recently , you’ll see that many potential homeowners are missing out on obtaining a mortgage because of being on furlough, just coming off furlough, or being self employed and having taken a SEISS grant.
The unfortunate reality is that it IS more difficult to place such a person with a mortgage provider, even if they do have a deposit saved up.
However, all is not lost!
Hiten Ganatra, Managing Director of Milton Keynes based mortgage brokers Visionary Finance, says “To secure a mortgage whilst still being on furlough is possible. We have helped several buyers get their mortgage through even though they have been furloughed. “
He continues “The advantage of having access to over 60 different lenders means that there are going to be options available to almost all buyer circumstances “
His advice to furloughed or SEISS receiving mortgage seekers is:
If you need more advice, or for press enquiries, please contact Hiten on [email protected] or 01908 465100
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