The lowdown on lockdown

Level 4 lockdown has returned, and once again fear and anxiety are spreading. It’s a natural response to the situation – but remember this is all part of ensuring we comply with the policy of staying at home.

The idea is to stop further spread of the virus while the authorities get on top of the situation. So sit tight, take care of yourself and don’t panic.

That said, Bevan, Louise and I have been fielding calls from clients who are worried about their mortgages. Here’s what we’ve been telling people.

During the first lockdown last year, the banks offered three options:

• 
  Do nothing.
• Revert your mortgage to interest-only (but remember this may trigger a new loan application and a review of your ability to pay).
• Put your mortgage on hold. This should probably be a last resort.

You can be sure the government will be working with lenders again to provide options if lockdown continues for any length of time. There may also be more financial support for businesses and individuals who have lost revenue. 

We’ll update you as soon as anything comes to light, so make sure you’re following us on Facebook.

In the meantime, it’s good to talk.

If you are alone or worried, talking to a friend or family member can help reduce stress. Left alone, it’s easy to start fixating on worst-case scenarios. Take the pressure off with a group chat, a video call and some laughs with the people you love. 

Exercise is another antidote to stress. Use your lockdown time to get outside for a socially distanced walk, run or bike ride – you’ll be amazed at how the endorphins drive away anxiety. Don’t forget to mask up if you’re exercising near people who aren’t in your bubble.

Yoga can be a great way to calm body and mind, and there are many free yoga resources available online. There are also some great free exercise classes provided by Les Mills online. Find out more. 

If negative thoughts are really getting you down, reach out to a helpline. I’m a huge fan of Lifeline and have volunteered for them in the past. They’re available 24/7, with qualified counsellors and trained volunteers on call.

Lifeline

• Call 0800 LIFELINE (0800 543 354).
• Text ‘Help’ to 4357.

If someone you know is doing it hard, calling Lifeline could be a lifesaver.

In the meantime, stay healthy, stay active and be there for each other. We are all on this planet together, and we’ll get through this together. Kia Kaha!

The real estate market is not on hold. If you’re looking to purchase and need a mortgage, we’re here for you.