Straightforward Specialist Lending
Residential
Bridging
Buy-to-Let
Commercial
Second Charge
Portfolio
Important Message, TFC our Lenders & COVID-19 

As you will have no doubt seen, Lenders are in a hiatus period at the moment and removing products daily.

 

At TFC we have been managing or in reality reacting to these changes to minimise the damage to your clients, your income and our pipeline.

 

This is proving to be a difficult task as lenders are changing on an hourly basis with little or no time to get cases through. We currently continue to do this and are working with you as best we can.

 

The reality is that most of our lenders are either pausing on new cases, reducing LTVs, increasing rates and moving criteria until some normality returns.

 

This will be a time to manage clients expectations. When valuations can be done Lenders will also require up to date documentation and they will underwrite the case again.

 

Circumstances do demand that we ask the question, should clients wait to see if they can get a better product when some normality returns?

 

If you want any more information on TFC and COVID-19 then please contact marketing@tfchomeloans.com

 

Thank you for your support and we wish you and your family good health.

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