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Roger Morris

The sub-prime market still has potential for growth

There has been a great deal of speculation about whether the sub-prime marketplace has become too crowded and, consequently, whether there is enough business available to ensure all players get a decent return on their investment.

Has the market seen the last of the new entrants? No, not yet. I believe that September will see a number of significant new lenders come into the industry. We all know that John Prust and the old Southern Pacific Mortgages Limited team will re-emerge with a new lender backed, we believe, by Abbey and possibly Merrill Lynch. There have also been rumours that a number of building societies are looking into setting up their own sub-prime lenders. There are still opportunities within the sub-prime market.

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