At the recent Mortgage Business Expo in London Lovey was incensed by Wriglesworth’s assertion that short-term fixes are morally wrong and should not be sold by brokers.
Lovey challenged Wriglesworth to the debate to defend the honour of the short-term fix.
But the latter is unrepentant, arguing that if consumers have stable incomes their mortgages should match them.
Lovey counters that not giving clients the chance to reassess their finances after two years would be the real crime.
To listen to the debate, go to www.mortgagestrategy.co.uk/ podcast.html