You are here: Home - News -

A look back at specialist lending in 2015 – AToM

by: Dale Jannels
  • 18/12/2015
  • 0
A look back at specialist lending in 2015 – AToM
We have built foundations this year, we've seen new lenders launch with many others knocking on the door looking at a 2016 entry to the market, managing director of All Types of Mortgage (AToM) Dale Jannels takes a look back at the year of specialist lending.

The big providers in the specialist sector, and I include buy to let in that group, have been Precise Mortgages and Kent Reliance. Nearly all packagers will have these two innovative lenders at the top of their volume offerings and we are grateful they have led the way in products, service and relationships.

New entrants have made a huge impact with Foundation Home Loans, Axis Bank, Pepper Homeloans, and Skipton International all launching fantastic product offerings and all have looked at niche markets in which to ply their trade.

We’ve seen a massive increase in appetite from the building societies. As the credit scoring era increases, more and more customers are failing according to the score cards. The building societies are lapping up the straightforward cases and also taking a decent look at much more complex deals. I applaud them for the fantastic leap forward they have all made.

Sadly, we have said goodbye to the GE Money brand. What a great lender it has been and if it hadn’t been lending between 2007 and 2011, who knows where the packager sector might have ended up. I wish all their personnel well for the future.

Here at AToM, we think that 2016 will be a boom year in the specialist lending arena and for mortgage brokers as a whole. Consumers are becoming fed up with the hours they have to spend in bank branches whilst trying to obtain mortgage finance. The Mortgage Credit Directive will increase the confusion and I predict a further increase to the intermediary share of the mortgage market place. Lenders all want to increase lending and this desire will provide a larger requirement for specialists, both lender and adviser. In addition, as new lenders launch into the market place, they will need quick distribution and mortgage process support.

Historically, commentators predicted that packagers would not survive. Thankfully, they have been proven totally wrong. Lenders are putting onsite underwriters in our offices, providing niche products and projects already underway for 2016 will further enhance our offerings. We look forward to continuing to provide a quality service, access to specialist lenders and, more importantly, exclusive niche products.

Finally, all the staff at AToM wish you and yours a very merry Christmas, a peaceful new year and we look forward to working with you all in 2016.

There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.

Profiles

Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.

Marketwatch

Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.

Poll

Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
  • RT @robjupp: Great day yesterday for donations to @MortSleepOut. With Gift Aid, we are now close to £17,000. It would be great to get to £2…

Read previous post:
hbos building
HBOS investigation makes mockery of process – Star Letter 18/12/2015

Each week, we round-up the best comments, emails and letters to the site and pick one reader contribution as our...

Close