Since the final quarter of last year, we’ve witnessed a myriad of economic obstacles which have affected consumers’ personal finances for the worse.
The mortgage market has remained resilient during yet another year of uncertainty. Not only have we seen rising living costs, further house price growth, but also looming interest rate rises, all of which have had huge ramifications for borrowers, but for lenders too.
The pandemic has undoubtedly put financial strain on many, if not all individuals at some point over the last 18 months.
The specialist lending market continues to support those borrowers who are disenfranchised by the mainstream lending community by offering alternative options.
Getting on the property ladder is one of life’s biggest milestones, but in the last decade – and even more so over the last 12 months – it has proven even more difficult for young people to achieve this.
The government launched several support schemes to help workers and businesses through the pandemic, but they will soon be removed and thousands of consumers will have to adapt to the new normal.
It is not news that the specialist lending market has seen a boom over recent years.
It is not news that the specialist lending market has seen a boom over recent years.
As more borrowers have financial backgrounds and circumstances outside the vanilla mould, the importance of specialist lending and the opportunities available for brokers continues to grow.
