Each week Mortgage Solutions and its sister title Specialist Lending Solutions select the top comments from our readers in our Star Letter section.
This week’s comment was in response to the article: Accord’s Duncombe on 90 per cent lending, capacity – and the cliff edge that worries him
Stuart Phillips said: “I don’t really understand why lenders won’t use price to manage service levels.
“Lenders have been complaining for years about making no margin and have been managing affordability based on much higher interest rates anyway.”
Phillips added: “An increased rate on 90 per cent products sends a clear message to clients about the risks involved and allows them to make informed decisions about whether to proceed, either by borrowing less, buying lower value homes or increasing loan terms.
“I think most clients would appreciate being able to make that choice themselves rather than blindly rolling the dice and creating this feeding frenzy?”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS