Advisers will have a job to do in explaining the market changes, but this was ever the case – the good news is that advice is needed more than ever and that there are options available.
I’m very confident that the advantages to our market far outweigh any potential negatives.
It would be very surprising not to see larger lenders not just opening up but also potentially squaring the circle by offer equity release products as well.
Bob Hunt is chief executive of Paradigm Mortgage Services In the lexicon of the mortgage market, and perhaps top of the heap in terms of…
Some lenders are not overly keen to continue lending in this space.
An base rate increase back to 0.5% wouldn’t be too damaging and would signal to consumers that borrowing costs can’t be this low forever
Longer hours do not necessarily deliver better quality work and my opinion is that time spent away from work/with family is just as valuable.
The referral option should not be viewed as a ‘poor relation’ to providing the advice yourself.
At this point it’s fair to say that being in a position of not knowing what comes next might be preferable to actually knowing.