Buying property with cash
If you applied for a mortgage prior to the government’s lock down, in many cases your application should proceed as normal, although this will depend on your individual case and the lender involved. Some of the mainstream lenders out there have put applications already submitted on hold if they need a physical valuation which hasn’t been carried out. If your lender cannot conduct a remote valuation, your application could be delayed until a valuer is able to visit the property.
Property Finance
If you do not want to purchase more than one property, taking a loan will allow you to utilise your cash in other many other ways rather than tying it all up in a property.
Am I able to mortgage?
With mortgage rates at their lowest level, people often find that they can invest their funds elsewhere to earn a better return than they would pay on a mortgage.