O Come, All Ye Faithful brokers

You could be forgiven for not feeling in the festive mood this season but as the new year approaches many brokers and lenders will be hoping that the new year brings with it some good news.

Chancellor Alistair Darling cannot be described as being a Scrooge when it comes to dropping interest rates, but it remains to be seen whether his actions will actually help or hinder the mortgage and secured loan market.

Loandistributor.co.uk has carried out its own poll amongst the secured loan market to see what firms would like to see in their Christmas stocking and whether they think the Chancellor should be receiving a lump of coal.

Robert Sinclair, director, Association of Finance Brokers

The government is focusing on ways to keep people in their homes at the moment, it needs to start addressing issues of refinancing and what the getting people to move house. Brokers need to make it a political issue and start going into their local MP’s office and making their lives a misery, it is the only way they will listen.

Garry Dean, commercial director, Need a Loan

The government needs to start lending higher LTVs and encourage first-time buyers back into the market which will lead to people coming out of negative equity.
It should offer a scheme where it pays a 20 or 30% loan to first-time buyers so they do not need a deposit.

Tony Sutton, managing director of Independent Specialist Finance

Lenders need to come back into the market and start lending again that is the only way the market will pick up.

Steve Heywood-Jones, business development director, Equifax

The government has gone too far, it has gone to the other extreme in terms of lending and is being too safe and weary.

Dan Gale. director, Help group

Time is a great healer I think the market will recover itself in time and should not be pushed. The government forcing banks to lend will not do any good at the end of the day most of the banks will be using taxpayers money.

Michelle Blair, broker liaison, Loans etc

The Financial Services Authority needs to crack down on phoenix firms so the ones that are doing things right stand a chance. It doesn’t send out a good message to the rest of the industry if the FSA is not cracking down on phoenix firms.

Please email what you would like to see happen in 2009 to Natalie.martin@centaur.co.uk