Our residential sales team is experienced, proactive and committed to your sale
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Advising on and selling bespoke new homes and residential developments across the UK
Full consultancy advice and an integrated property solution across services
An exceptional block management service with bespoke reporting technology
We combine traditional values with modern innovation and a total experience of over 120 years in the sector
Our team of RICS registered experts provide commercial, residential and rural property valuations.
Offering residential property services to sellers, landlords, developers, investors and management companies
Providing residential property services across the UK, with offices in Birmingham, Solihull, Nottingham and London
Centrick is an equal opportunities employer
We’re always on the lookout for exceptional people who thrive in a culture of change and innovation
We believe hard work deserves rewards and our benefits reflect that
Our greatest asset is our people and they drive everything that we do
Our associated charity supports the most vulnerable people in the West Midlands
The latest residential property market news and opinions, plus news about Centrick
Mortgage repayment holidays have led to one in 10 mortgage applicants being rejected, despite initial reassurances that taking out a payment holiday wouldn’t impact people’s credit files, NerdWallet research has found.
People could apply for mortgage repayment holidays until March 2021, which enabled those adversely affected by the pandemic to press pause on their monthly loan payments.
more strenuous for prospective homebuyers
However, the poll suggests some lenders aren’t looking at those forced to use a payment holiday very kindly.
John Ellmore, director of operations at NerdWallet, said: “The UK’s property market has bounced back strongly from the initial lockdown period, with house prices and transactional activity rising sharply.
“However, the pandemic and subsequent recession might have made mortgage applications more strenuous for prospective homebuyers as lenders tighten their criteria.
“This can be incredibly frustrating for mortgage applicants – especially when they are rejected for reasons that are largely beyond their control or simply unknown to them.
“Indeed, applicants who have taken advantage of loan repayment holidays as a consequence of the financial pressures caused by the pandemic may well find themselves unfairly targeted, given use of such schemes was not meant to impact on their ability to access credit in the future.
“Our research shows that the mortgage market can be difficult to navigate, underlining the importance of thorough research and preparation.
“Taking time to speak to multiple mortgage lenders and comparing different options online, for example, could save people time and effort when it comes to the actual application process, ensuring they do not pursue unrealistic or inappropriate options.”
Some 9% of applicants had their application rejected without knowing the reason why.
Almost half (48%) of mortgage customers found the application process stressful, with 50% calling upon the help of a mortgage broker.
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