To suggest advisers are too intent on picking the first product that shows its head in order to secure a quick proc fee is just nonsense.
The relationship between the various parties involved in the mortgage process is pretty complex – even if you might be able to boil it down to a simple lender-borrower relationship, that’s unlikely to be the whole truth, and nothing but the truth.
While Secure Trust Bank’s may not return to lending anytime soon, I’m led to believe that Fleet Mortgages is currently finalising a new funding line with a new product range to be launched before the end of the month.
I’m very confident about the role of the mortgage adviser and their ability to thrive in any future economy.
Our sector – quite rightly – will remain heavily regulated.
To say the first batch of product transfer data, published by UK Finance, was surprising would be something of an understatement. These are figures which the industry has been waiting many years to see and, despite some educated guesses on just how big the market might be, I’m not sure many people thought it would be in the region of £200bn-plus a year.
All in all, the opportunities clearly outweigh the threats when it comes to the later life market.
To suggest that all those in later life are in the same boat would be clearly wrong.
Ball tampering and the parallels between sport and business
We all put a lot into our working lives which is fine, but there’s also much to be said for having down/leisure time where we can switch off and recharge the batteries.