Odd mortgage cases could mean more business
Clients look to you for advice – even more so when their cases need some specialist attention. As 'odd' becomes the new normal, you could expand and futureproof your business when taking on these cases, so don’t avoid them.
Market
The specialist mortgage market is growing.
Gross annual lending by specialist lenders
has increased by 19% year-on-year
between 2009 and 2016.
Three in four
intermediaries are confident about specialist lending opportunities.
Don’t be the one to shy away from specialist.
(Mortgage Strategy, 2019) View how we could support with odd casesValue
Specialist cases could be more valuable.
Specialist cases require around 30% more time than standard ones but they could earn you up to 68% more.
(FTAdviser, 2018) View how our specialist criteria could help you
Audience
The need for high LTVs
In the last decade alone, house prices have risen
by 45%1. By contrast, wages have increased at
half the rate, making it harder to save a decent
sized deposit. It’s therefore vital that brokers
know which lenders to lean on to match the
needs of their clients.
1ONS House Price Index [January 2019]; ONS Average Weekly
Earnings [January 2019]
Audience
Adverse credit
Around 89% of brokers have had clients with
impaired credit1. In the last year alone, there
were more than 1m CCJs in England and Wales
– twice the level seen five years ago2. Brokers need
lenders that have the underwriting processes
and appetite to review on a case-by-case basis.
1Financial Reporter, 2019
2Analysis of Registry Trust Limited data (12 months to September 2018)
Audience
Self-employment and contractors
There are now 4.8m self-employed workers in
the UK, accounting for over 15% of the total
workforce1. Professional contracting is also one
of the fastest growing forms of self-employment,
and has increased 43% since 20082. Brokers play
a vital role in helping to build a case to a lender
and we have the criteria that could help.
1ONS labour market statistics, February 2019
2IPSE: Exploring the UK Freelance Workforce, 2017
Audience
Limited company
Around 55% of landlords use limited companies
for purchases1. This increases to 64% for portfolio
landlords with over four properties2. Even though
these types of cases are traditionally complex,
we’re experienced in helping you deal with them.
Watch our webinar
This exciting debate, in partnership with Mortgage Strategy, could answer your burning questions about the changing UK mortgage market.
Mortgage Strategy Awards
Voted in part by the public we were awarded Best Buy-to-Let Lender.