Mortgage News
POLL: Secured loans – a viable remortgaging alternative for brokers?
Last week’s Mortgage Solutions poll has revealed that 60% of brokers think secured loans are becoming a serious alternative to remortgaging, as a lack of funding continues to hamper the market.
With secured lender Nemo now lending up to 85% LTV and to self-employed applicants again, the survey showed that less than a quarter (23%) of brokers do not think it is a suitable substitute to remortgages.
A further 17% said they needed more education on secured loans before considering them as a remortgaging alternative.
This week’s question asks whether all the technological innovations of recent times, such as iPhone applications, Twitter and BlackBerrys, really make it easier for mortgage brokers to do business efficiently.
Have your say here.
