But firms are adapting and the bottom line for all should be survival. So it’s good to see Mortgage Times taking a proactive stance in managing the way its appointed representatives get paid, with its trading partnership with Legal & General.
Many titans have been felled by the rapid downturn in the past year, but L&G still stands tall. And by taking payment for mortgages out of Mortgage Times’ hands for ARs of its Vision network and it mortgage club, L&G is staying true to its logo and offering a protective umbrella against the market storm.
Despite the market turmoil, brokers and lenders continue to battle through. To that end it was good to see the great and the good of the industry come together last week for the Mortgage Strategy Awards. Despite the difficult times the mood at the event was one of resilience rather than defeat – of hope rather than pessimism. The sector is not stupid. We know how bad things are but we also know moping and self-pity are futile.
As a wise man once said, you haven’t failed until you stop trying so it was good to see the mortgage sector fighting on and deserving winners being rewarded.
Details of winners and runners-up will be available soon in a special supplement but in the meantime Mortgage Strategy would like to thank everyone who attended for a great night.