9 Crown Row, Bracknell, Berkshire, RG12 0TH
Liam McDonnell
Lettings Valuer
Liam attended school locally in Ascot and began his career in estate agency aged 18 in the Bracknell area. He has gone on to gain experience within the Maidenhead, Reading and Wokingham markets too. Building relationships is what Liam enjoys the most in his role, which gives him the opportunity to meet and help all kinds of people. Away from work, Liam enjoys playing football throughout the week and for a local Bracknell team on a Sunday (some say the next Sunday League Pirlo).
The best piece of advice I’ve ever been given is…
The way to get started is to quit talking and start doing.
Top of my bucket list is…
To travel around America and Australia.
On Sunday mornings, you can usually find me…
On a football pitch in all weathers – potentially a little jaded from the night before.
My guilty pleasures are…
Watching Super Sunday and the F1 whilst devouring a takeaway. Highly recommended.
The thing I like best about my job…
Helping and advising landlords on how to make the process of letting their property as stress-free as possible, and assuring tenants throughout the process so that it becomes an enjoyable and exciting experience.
The person I’d most like to go for a drink with is…
Sir Alex Ferguson.
1 Jun 2020
With lockdown measures starting to ease, the government has turned its attention to getting the economy moving. The housing market has always been at the heart of our economy and the whole industry is gearing itself up for a return to business as usual for the second half of the year.
Most mortgage providers took the decision to cut mortgage borrowing down to around 75-85% of property values a couple of months back. This was mainly due to the fact that most “high loan to value” lending needing a surveyor to carry out a physical valuation, which became impossible due to social distancing restrictions.
HSBC (somehow) managed to keep their 90% lending going throughout and this week Accord mortgages, Virgin Money and the Clydesdale bank all announced the welcome return of their 90% products.
Other lenders are expected to follow suit over the coming weeks and one or two have indicted that 95% mortgages will be available by the end of June.
Part of the wait is simply logistics. The banks had to send their staff home to work, which meant call centres and processing centres fell behind. Some of the delays will be due to the massive backlog of cases which they are having to deal with first.
If you are looking to buy this year, the deals on offer are fantastic with interest rates at an all time low! However, lenders have all looked at their criteria, particularly at borrowers’ incomes in light of changes due to furloughing. We would therefore recommend that anyone looking to buy checks out their mortgage affordability with a Mortgage Adviser before viewing property.
Please do contact us to find out more and to arrange a free, no obligation appointment with an independent mortgage adviser.
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