HEROES OF THE WEEK are Aldermore and Precise Mortgages for launching into the intermediary sector. With so much bad news in the mortgage sector it’s good to finally see some positive stories beginning to emerge and some new faces entering the marketplace. These firms will boost competition.
VILLAIN OF THE WEEK
is Abbey for Intermediaries which sent out an email entitled ’Changes to our lending criteria guide’ in which it mentioned that it was making alterations in areas such as “the types of property/loan that we do/do not lend upon”, but neglected to tell us what the changes were – we had to work them out for ourselves.