Likewise Martin Stewart, founder of London Money, regarded the approach to furloughed applicants by lenders as a “predictable” change. He said: “I feel like a scratched record because, yet again, I find myself saying that all this was predictable three months ago.
“The 2009 financial crisis was a dry run for where we are today so please do not expect the lenders to rush back to the market with any real substance and certainly not until such time that they can see what the collateral damage has been to the wider economy.”
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