Figures released yesterday revealed the seconds market had grown for a fourth consecutive month but Fluent’s Tim Wheeldon has warned there is still resistance to the concept that remortgaging might be the wrong advice.
The half day events, which take place across the UK, will provide intermediaries with insight into the different niches of the specialist lending market, including buy-to-let, second charge loans and the later life lending space.
This is the fourth month that the seconds market has reported growth with volumes for June up an equally strong 22%.
A sense of entitlement from the second charge industry after the Mortgage Credit Directive came into force has been counterproductive for the market, Fluent for…
Timms has joined from NatWest after working at Which? and London and Country, Makwana joined from Barclays and Dowson was hired from from Virgin Money.
Lending was at £93m in March, up 22% from the month before, after which it reached £79m in April and £87m in May.
The distributor now has five department heads, with the other two being Gina Blagden as head of residential mortgages and Kit Thompson as director of short-term lending.
New team members are spread between sales, case management and compliance roles.
The sourcing systems will be integrated with the network’s back office system.
Despite what you read and hear this is most certainly NOT Armageddon for the economy, markets, brokers and lenders.