Mortgage lenders need automation – to make them more human | Mortgage Introducer

This summer the level of mortgage lending hit its highest level since 2008, driven by first-time buyers and remortgages in a climate of low rates. This amounts to a huge business opportunity for mortgage lenders. But as the number of loans for house purchase in the UK increases, banks will need to make sure their systems for approving mortgages can keep up with the pace of requests. At the moment many traditional banks, including the Big Six, rely on outdated legacy systems that are often several decades ol Source: Mortgage lenders need automation – to make them more human |

Continue Reading

Advisers would recommend their careers to young people | Mortgage Introducer

Four in five (80%) mortgage advisers would recommend young people follow in their footsteps, a survey conducted by education body the London Institute of Banking and Finance (LIBF) has found. The majority (86%) find helping consumers achieve their life goals the most enjoyable and rewarding part of their job. Source: Advisers would recommend their careers to young people | Mortgage Introducer

Continue Reading

Mainstream lenders urged to provide mortgages to niche markets | Mortgage Introducer

Larger banks should be following the lead of their challenger bank rivals and serving the niche areas of the mortgage market, according to The Mortgage Hut managing director Chris Schutrups. Over recent years challenger banks such as Bluestone, Kensington, Atom and Secure Trust have all made inroads in the more niche side of the market Source: Mainstream lenders urged to provide mortgages to niche markets | Mortgage Introducer

Continue Reading