Introducer Today

The Changing Face of the UK Mortgage Market

We are currently in the process of change within the mortgage market and lenders are being forced to the fore of critical debate. As well as tightening lending criteria, lenders are unavoidably pulling products from the market at the last minute. We are now witnessing the making of a new mortgage market, one which is restricted by supply rather than demand.

 We have recently seen an end to a number of high LTV loans, putting an increased strain on the position of first time buyers as they are forced to seek larger deposits and save instead of borrow. According to the latest data from Connells Survey & Valuation, mortgage approvals fell 3.5% in February,  indicating both tighter lending from mortgage providers and reduced borrowing from consumers.

 Neil Hoare, the Associate Director, Marketing and IT from Pink ...More




Let’s work closer together

By  David Burrows, Our Managing Director of the month!

Secured Loan Services

The UK seems to have become a place of unremitting contrasts. Maybe it has always been like this, but in recent months it has struck me more than ever before. Looking out the window it’s too wet for ducks and too windy for kite fliers, but only last year we had the hottest April on record. During that month virtually anyone in the UK could get a mortgage, no matter what their credit history was like.

However now that credit markets have frozen, lenders are tighter than two coats of paint and thousands of sub-prime borrowers are struggling to remortgage as their existing deal comes to an end. This cyclical all or nothing approach makes life very difficult for everyone involved in the market and we ...More


With the credit crunch continuing to have an impact on our daily lives, it is more important than ever to listen to the advice of your fellow mortgage gurus.  Tony Ward, CEO of Home Funding Limited is Introducer Today’s latest columnist. Tony’s wealth of knowledge within international banking, treasury, foreign exchange and structured finance makes him the perfect spokesperson on all topics relating to the credit crunch.View Tony’s latest article Click Here