JEREZ 2006: Brokers must embrace sub-prime says Platform

The evolution of the sub-prime market over the last decade means this market has never been more accessible to brokers, says Platform.

Speaking at the Mortgage Summit in Jerez, Guy Batchelor, sales and marketing director at Platform and chairman of the Intermediary Mortgage Lenders Association, gave his personal view as a veteran of the sub-prime market and says brokers should embrace it and its earning potential.

He adds that while in the past only a handful of lenders offered adverse products, with high interest rates, in the last two years more high street names have seem its potential, resulting in lower rates and wider product ranges.

He says: The sub-prime market has really grown up with mainstream brokers and even IFAs offering non-conforming products to their clients.