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Brokers should stay ahead of the RDR

The market is full of talk of the looming Retail Distribution Review, due to come into play in January 2013.

Gary Bailey

As well as speculation on what may or may not happen, there has been much discussion about the predicted influx of IFAs into the mortgage market.

No-one can say for sure if this will occur and what the impact on the market will be.

If mortgage demand picks up over the next year brokers should not see too much of a knock-on effect on their business. The increased demand will present leads and opportunities to create a healthy competitive market.

But if the market doesn’t pick up we could find a crowded space with reduced opportunities, which would impact the whole industry.

As well as bringing in more administrative hoops to jump through, upcoming regulation will ensure our market can cater for demand and maximise opportunities to deliver the right lending solutions.

By providing guidance on recommendations, it will improve transparency and bring more consistency across the market.

There is no doubt the lending landscape has changed and as an industry we need to evolve to ensure the products and service complement modern borrowers’ needs.

We do not know how future regulation will affect the market, but mortgage brokers need to keep their ear to the ground, work collaboratively and be on the front foot for all changes to ensure they are ahead of the game.


Jobless hike bolsters call for QE

An 80,000 rise in the number of unemployed people in the UK has added weight to calls for the Bank of England to extend its quantitative easing programme. Figures from the Office for National Statistics last week show the total number of unemployed increased by 80,000 in the three months to July to reach 2.51 […]

Simon Collis

News on rates has been generally good

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Santander RMBS shows market is on the mend

Santander has issued a £2.5bn residential mortgage-backed securitisation through the Holmes Master Trust programme. The deal, which is named Holmes Master Issuer Series 2011-3, is made up of five classes of notes, four of which have been assigned a provisional AAA rating by Moody’s. It is the 20th issuance from Santander’s Holmes programme, which is […]


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