News & Updates

How has COVID-19 impacted underwriting?

According to the Bank of England, the number of mortgage approvals for house purchase fell to just 9,300 in May, down from around 15,800 in April, and almost 90% below the level in February. Consequently, there has been speculation about the approach that lenders are taking when it comes to underwriting cases. So, what is the truth in how COVID-19 has impacted underwriting?

Lockdown separates digital leaders and laggards

From sole traders working from home to multi-billion pound businesses running operations remotely, Covid-19 restrictions have brought into focus our increasing reliance on digital platforms to underpin our society and economy.