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Lenders are rejecting applications out of hand, warns is warning borrowers that applications submitted with insufficient data or poor credit history are likely to be rejected out of hand.

The comparison site today advises would-be borrowers that they will need to double check their applications if they are to stand a chance of getting a mortgage at competitive rates – even if they have had no difficulties previously.

Richard Brown, chief executive of, says: “With a predicted 30% shortfall in available mortgage funds borrowers need to understand that they are now in competition with others. The successful applicants will be those who make the best job of selling themselves to the lender.

“Borrowers will have learn how to present their cases to the lenders and it will no longer be good enough to submit an application with half the information missing.” says new borrowers and those looking to switch existing loans will have to wise up and think like brokers to have a fighting chance of a loan.

The website has published 10 tips to help borrowers adapt to the new credit environment.

Suggestions encourage consumers to consult a broker and to be realistic about the rates they are likely to receive.


Centrepoint appoints BDM for Wales and South West

General insurance distributor Centrepoint has appointed Mark Bell-Langford as BDM for Wales and the South West.Bell-Langford is now responsible for building and developing relationships in the region.He has more than 14 years experience in the financial services industry as an adviser and a BDM. He joins Centrepoint from Northern Rock where he was BDM for […]


What could the government do to restore public confidence in banks?

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Housing crash bets are off

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Identity crisis

More from Bettelley’s bash, a night when the booze flowed faster than lenders repricing their deals. Jonathan Cornell got a welcome that was warm and slightly confused.

Parental leave and pensions

Fiona Hanrahan  – Senior Product Insight and Technical Support Analyst We are often asked how parental leave impacts workplace pension schemes in terms of funding in general, auto enrolment and salary exchange. This article will explain each of these. How does parental leave impact the funding of workplace pension schemes? A member of a defined […]


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