Most advisers have already begun working from home, but those still in the office have put in place social distancing measures to keep themselves and their clients safe.
Brokers say their diaries have remained busy, as applicants push ahead with remortgages and house purchases. While some brokers are receiving a growing number of enquiries about mortgage protection insurance.
Mortgage lenders have also been urged to clarify whether borrowers who take a payment break will see a damaging impact on their credit scores. Rishi Sunak announced yesterday that borrowers who fall into financial difficulty because of the covid-19 outbreak will be able to defer their payments for three months.
Technology company, Thirdfort, enables clients to verify their identity documents and source of funds via a simple mobile app, streamlining a currently manual and time-consuming process for mortgage brokers and their clients.