View more on these topics

Analysis: Make knowledge a two-way street

Berry-Jason-700.jpg

The ever-changing nature of the mortgage market contributes to both an exciting working environment and one of the most forward-thinking areas of finance. It also means brokers can fall behind in their sector knowledge.

Brokers have a responsibility to not only maintain but develop their knowledge through ongoing CPD to ensure they offer all their clients the best service on every occasion. 

But lenders and providers can assist by making their offerings as transparent as possible. Complicated criteria and complex processes only present brokers with further hurdles to providing a compliant and knowledgeable service. Providers should work on streamlining their systems and offering only the best products to make the job of advisers more straightforward.

If the mortgage market is to continue to grow and flourish – and if advisers are to play a key part in that growth – we need to work together. 

Comparison sites still present stiff competition; only by being as knowledgeable, up to date and educated as possible

Recommended

Nationwide-Building-Logo-Closeup-700x450.jpg

Nationwide rethinks affordability to be more generous on outgoings

Nationwide has refined its affordability calculator so more applicants pass through, Mortgage Strategy understands. The lender has issued a broker note titled, Making It Easier To Do Business, stating it has refined some areas within the affordability calculation relating to outgoings although the lender has refused to give further details. One broker, who wishes to […]

Barclays-HSBC-Canary-Wharf-London-700.jpg

Barclays to lose more senior mortgage staff

Barclays is set to lose further senior members of its mortgage team as regional intermediary directors Alun Donovan and Stephen Banks are set to take early retirement. Donovan and Banks, intermediary directors for the western and eastern regions respectively, both joined Barclays in 1986 and took joint control of the intermediary division when former managing […]

Mark-Carney-close-up-focused-700.jpg

Carney says rate rise closer but no return to pre-crisis levels

Bank of England governor Mark Carney says an increase in the base interest rate is “getting closer” but will not return to pre-crisis levels. In a speech to the Trades Union Congress in Liverpool last week, Carney said the UK economy is beginning to “normalise” and suggested interest rates could soon follow suit. He said: […]

CML - 700

CML to publish BTL statement of practice

The Council of Mortgage Lenders is to publish a statement of practice for buy-to-let in the coming weeks following the Treasury’s consultation on the EU mortgage directive. In its latest news and views publication, published last week, the CML again expressed its disappointment at the Government’s U-turn on the buy-to-let sector’s inclusion in the directive. […]

Health - thumbnail

Fit for Work: guidance for employers published

On Friday, the Department for Work and Pensions published its guidance for employers on using the new Fit for Work (FfW) service to help ill employees return to the workplace. It also includes more details on the tax exemption for medical interventions that commenced on 1 January 2015.

Newsletter

News and expert analysis straight to your inbox

Sign up