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info@castlemortgages.com.au

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Fullarton 5063

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South Australian in Lockdown | Can You Still Get Financial Advice?

What a rollercoaster of a week this has been, culminating in South Australia going into a circuit breaker lockdown for six days. Fortunately, it looks like there is still toilet paper around, and other than a bit of a rush for essentials, sense, seems to have prevailed this time around. Touch wood, though, that South Australia can bring this under control quickly.

What I am finding from my perspective is that the finance world has been very busy in the last few months, which has been a welcome surprise. Much of this is due to rates moving down and people needing to maximize their savings through refinancing. The first home buyer market, as well as the building market, have both received a good boost due to government incentives like the First Home Loan Deposit Scheme and the Homebuilder’s Grant. While this “circuit breaker ” lockdown has definitely hampered some parts of the mortgage services, though, because this lockdown is localised at present, we are still able to assist clients with finance.

One of the services most notably changed for any loans, refinances or purchases currently happening is that the valuations have been hampered due to valuers not being able to physically visit properties. Until lockdown ends, this will be ongoing. However, a lot of the time, a physical valuation is not required, and a “desktop” that relies on computer-generated pricing will do the trick.

Due to the rest of the back of house loan processing being located in other states or countries, as well as the fact that due to Covid-19 the workforce working from home, loans are stil being processed.The banking world has also adjusted well regarding the front of house processes allowing interviews and Id’ing to occur electronically via apps like zoom and Teams. This will enable brokers like Castle Mortgages in Adelaide to still be able to serve you in the comfort of your own home and take the headache out of finance. Documents that would usually need a wet signature are also moving over to Adobe signatures, again taking the requirement to meet in person out of the equation.

So it may be a good time, once you have finished the last snack in the pantry, binged on your favorite Netflix show, mowed the lawn and organized your lint collection to think if it may be a good opportunity to review your finances or put something in place to buy your next home. When you are ready, we are here to have a socially distanced chat, any time you are ready. So why not get in touch today.

Please note, in no way is this article to be taken as financial advice. Everyone’s circumstances are different and unique to them. You should seek out financial advice from an expert with regards to what you are trying to achieve. If it is debt structuring or setting up finance, we would be happy to assist.

For a free, no-obligation chat, get in touch with us. We would love to hear from you.

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