Lending into retirement: problem not solved

According to the Building Societies Association, the UK already has 11.6 million people over the age of 65 and predicts this will rise to 16 million within 20 years. The combination of an ageing population and the adoption of no fixed retirement age has meant some people who were approaching retirement want or need to […]

The Buy to Let market – sustainable growth?

Having recently attended a forum of experienced industry experts it was interesting to see what they perceived to be the major challenges facing the lending industry at the present time. The uncertainty in the Buy to Let (BTL) market, the use of Fintech and the perennial problem of lending into retirement dominated the conversation.  We […]

Higher Income Multiples – Back to the “Noughties”?

In the ever-evolving financial services market, changes announced by the Prudential Regulation Authority could herald a change of strategy for some of the more traditional mortgage lenders. With capital adequacy requirements due to become slightly less onerous for smaller banks and building societies, rule changes could make it easier for borrowers to obtain mortgages on […]

New Lender Origination Reviews

A recent freedom of information request submitted to the Prudential Regulation Authority (PRA) by a leading industry magazine has revealed that, since January 2016, 13 banking licence applications have been submitted to the regulator.  A number of new mortgage lenders have also been authorised and launched during the same period. The New Bank Start up […]

Staffing Services for new entrants

With the mortgage lending sector now firmly recovered, new lenders have come to market, bringing new methods of risk assessment, backed by innovative technology solutions. However, the value of experienced staff in the form of underwriters, collectors and compliance experts has not changed. One of the key findings of the MMR was that the regulatory […]