View more on these topics

Doom-mongers fail to see big picture

TERRY PRITCHARD, MANAGING DIRECTOR, CHARTERHOUSE RETIREMENT SOLUTIONS

It seems ages since I had the time to sit down and write properly, apart from my ill-conceived rant on Mortgage Strategy Online about The Mortgage Times Group which was misunderstood by some.

To reiterate, the point of my comment was to remind everyone that in any business there are good individuals who don’t set out to cause grief but due to poor management or judgement – either theirs or others’ – end up doing just that.

I’d also like to mention the timing of the announcement by two Mortgage Times directors of the launch of their new company. This appears to be rubbing salt into the wound.

But with regard to business in general it is good to see the likes of Tiuta and Savills Lending Solutions doing a great job promoting their products. We won’t be far behind with a deal from ourselves and some other firms I have been involved with recently.

This won’t be a great year but it will be the start of better times and many brokers are still standing despite the Financial Services Authority and some mainstream lenders trying to put their big feet on our heads.

Those who say brokers are doomed should bear in mind that in a competitive market single product distribution has never worked because consumers want choice.

Without some form of intermediary distribution clients will stop venturing out because they will be worried about getting value for money. So take heart – I foresee better times ahead.

Recommended

RBS and Lloyds fall short on lending pledges

State-backed banks the Royal Bank of Scotland and Lloyds Banking Group are failing to meet legally binding commitments to lend to businesses that were agreed as part ofgovernment support for the two banks.

Property investment firms upbeat for 2010

Managers at property investment companies are optimistic that the upturn in property seen at the end of last year will continue, but at a slower rate.

Newsletter

News and expert analysis straight to your inbox

Sign up
Comments
  • Post a comment
  • steve Sykes 9th February 2010 at 1:43 pm

    Can’t see the point of Pritchards sermond, other than he yet again says he has been mis understood? Everyone will be coming out with new deals, so nothing new there.He will try & wait for the other then try & pick a bit from here & a bit from there, again nothing new there.

  • hilary 8th February 2010 at 4:40 pm

    How very Mistic Meg of you – boring!!!!