View more on these topics

Lenders lack good understanding of us, say brokers

The majority of brokers claim len-ders do not have a good under-standing of their needs and issues.

Charterhouse Research shows intermediaries believe their voice is unheard and their needs not met by lenders.

Out of the 100 brokers polled, 49% felt lenders’ understanding of their needs was sometimes lacking, 27% thought they had a good understan-ding and 23% said lenders had a poor understanding. Only 1% of brokers believe lenders have an excellent understanding.

Julie Irwin, director at Charter-house Research, says: “In simplistic terms, intermediaries are feeling unloved. For many, their perception is that they are fighting a losing battle and are being squeezed out.”


CML and FLA initiative will see members sharing information

Secured loan and mortgage lenders are to share information as part of plans being discussed between the Council of Mortgage Lenders and the Finance and Leasing Association. Currently, first and secured loan lenders have little or no contact when they are taking repossession action. This has in the past led to both lenders issuing repossession […]

Inquiry into funding is good news for societies

The Building Societies Association has welcomed a government inquiry into funding for the sector because it says mutuals are being shoehorned into a PLC jacket. The All-Party Parliamentary Group for building societies and financial mutuals revealed last week that it is to hold an inquiry into corporate diversity in financial services. The inquiry, which will […]


News and expert analysis straight to your inbox

Sign up