I read with interest the story in last week’s Mortgage Strategy that said Citri’s future was in doubt after its deal with Openwork fell through.
Gary Watts, director of Which Network, recommended that brokers should choose a network carefully. I think brokers should treat any network like a lender treats a mortgage application for the self-employed wanting to go into an interest-only mortgage deal.
They should ask for three years’ accounts, three months’ bank statements and how it intends to repay any debt, then turn it down for no good reason.
Alternatively, brokers could come to their senses and get a different job so they get paid each month.
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