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Scottish buyers with poor credit records left out in the cold

Mortgage Strategy Online revealed that Scotland continued to see a subdued mortgage market in Q3, broadly mirroring the UK as a whole.

I’ve found selling mortgages in Scotland to be a terrible experience because like in the rest of the UK many people have a bad credit record, but lenders like Aldermore, Hanley Economic and Kensington that specialise in mortgages for such borrowers will not lend in Scotland.

Up to 60% of customers I saw in the last year had to be turned away because there are no options for them. That’s why I’ve left Scotland to go south where the conditions are more favourable for brokers.

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Why your clients need some tough love

In any relationship that matters, professional or personal, you should be upfront with someone if you think they’re making a decision or doing something they might later regret. Being honest with someone and having their best interests at heart, however hard the message, is key to building trust in any relationship. So how does this […]


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