MSTV tackles future of secured loans market

The future of the secured loans market and the impact of the Consumer Credit Act have come under the spotlight in the latest edition of MSTV.

Mark Lofthouse, chief executive officer of Mortgage Brain, and Malcolm Guest, managing director of The Source, share their views about the future of secured loans, master packagers and the role the Financial Services Authority could play in the market’s future.

Lofthouse says he’s confident that lenders still have an appetite for secured loans and that master packagers have a future.

He says: “There will be some master brokers that offer good services to small brokers who are not specialists in secured loans. I’d liken it to the adverse market – if you are doing one or two adverse products a year, you’re not an expert so it makes sense to go to someone who is.”

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