Mansfield Building Society has increased its product offering above 80% with three fixed rates, including a 95% house purchase product for both first-time buyers and home movers.
In the midst of massive internal and external tech overhaul, it’s fair to say that our eyes have certainly been opened to the challenges, time, resources and opportunities involved in such a project.
While the equity release market has been around for more than thirty years, it is only recently that we have seen the expansion of flexible lending features and low rates that make these modern plans an attractive option for a wide range of older customers.
Factors such as portfolio diversification, profitability, yields, tenant demand, rental voids and access to borrowing are always high on their agenda and any combination of these can lead to increases (or decreases) in activity levels and confidence.
It’s always fair to say that housing supply continues to fall well short of demand, and even if existing homeowners are more willing to put their properties up for sale, that doesn’t add to the number of new homes required each and every single year.
There is no doubt the last few years have been challenging for everyone, but this is especially true for anyone involved in the property market.
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As an industry, it’s fair to say we have been fortunate in the fact that we have been able to operate at capacity for much of this time.
You cannot rest in this game and no one has a monopoly on good ideas.
What is abundantly clear is that the role of the BDM during the last 12 months has arguably been of its greatest importance ever.