Each week Mortgage Solutions and its sister title, Specialist Lending Solutions, pick the top comments from our readers.
This week’s first comment came from: Bellway to reduce headcount and housebuilding as high mortgage rates hit demand
Terry Arch said: “This was bound to happen. Other large builders will follow the trend whilst interest rates remain high compared to recent years. However, the current rates were indicative of previous years, but the houses were less expensive, and salaries were lower.”
This week’s second comment was in response to: The mortgage sector ‘mistakenly correlates higher price with customer unfairness’ ‒ Star Letter 04/08/2023
Tony Silver said: “Unfortunately, many of those commenting on the way we price our products and services, don’t understand the correlation between cost and risk. We in the industry however do understand that the higher the risk, the higher the cost.
“Second charge loans are more risky than first charge, because the charge on the property sits behind the first charge. Therefore, in the case of default, the first charge lender gets first dibs with the second charge lender fighting over the scraps.”
The comments here are from our readers and do not necessarily reflect the views of Mortgage Solutions and Specialist Lending Solutions
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
