Robert Sinclair told brokers there are too many lenders at the Financial Services Expo in Glasgow today.
With an increasing number of lenders entering the market he predicted more risk taking and more lenders catering for niche and credit impaired clients.
He said: “If I’m honest I think there are probably too many lenders at the moment.
“Greater competition does equal greater pressure. I think they’ll take more risks, which is good as many were too conservative, but the big question is how do they take that risk?
“Brokers need to understand the lenders that will cover the clients who are more at the edges of the market.”
FSE Glasgow took place today at the Hilton Glasgow Hotel today.