Mortgage & Protection advisory businesses, like so many other UK businesses, are suffering quite a degree of turbulence and uncertainty as this pandemic continues. Lockdown and the governments advice to put off moving if you can, is clearly having an impact upon the housing market and some advisory businesses across the breadth of the UK are feeling the pinch. It is not a great time to be a traditional Estate Agent either.
There have been several announcements in the financial press this week about mortgage and protection businesses furloughing or laying off their staff and advisers, which is unfortunate but understandable. We would just like to reassure you that we are still open for business. We are not planning to furlough anyone and expect to continue in the same vein.
Serendipitous it may be but our advisory model already revolved around a home working model, so apart from avoiding face to face meetings, our advisers across the UK seem to be less impacted than most and at this point, we are holding up well.
We expect new purchases and moving home to slow, although it won’t stop, but there are plenty of other things we do that will keep us busy.
Product transfers, see elsewhere in News and Views, Re-mortgages, Capital raising, Specialist finance, life cover and regular reviews will all continue and we aim to be here to provide a service to you, for as long as the market stays open and we can still operate.
Take Care & Stay Safe.