This year the Summit travels to Cyprus and the luxury five-star InterContinental Aphrodite Hills Resort in Paphos. Top of the agenda will be the state of the mortgage market. Delegates will look at how brokers can not only survive the liquidity crisis but also capitalise on it.
The crisis is going to shape the market for years to come and dramatically change both lending models and funding channels. But every bear market presents opportunities and although the liquidity crisis has hit the industry hard, now could be the time for those firms with the necessary capital and nerve to make their mark.
As well as offering analysis and insight into the latest market developments, the Summit will also look at the economic outlook for the next 12 months.
This is especially relevant after figures last week showed residential lending fell sharply again in the three months to March, with the balance of firms reporting a drop in lending to private individuals at -28. These are the worst figures seen since March 1991 when the UK entered a full-blown recession.
The Summit will also feature acclaimed international expert Craig Focardi, research area director at New York-based Tower Group and regular contributor to Mortgage Strategy’s sister title Lending Strategy. Focardi will take a look at the state of the US economy and the impact its troubles have had on Europe. He will also consider whether the sub-prime mortgage crisis will spread further around the world.
The post-credit crunch market will be a different beast. At the Summit, UK market leaders will look at the shape it will take and how your business can rise out of the ashes like a phoenix.