Andy Moody has urged brokers to reconsider and instead look to secured loans for certain clients as historic remortgage options continue to dry up.
Moody believes that many advisers are 'diminishing customer choice' by refusing to offer clients the option of a secured loan when they need to consolidate or buy goods and services.
He argued: “Clients deserve to have all the options made available to them and at a time when alternatives are shrinking.
"The fact is though that some clients are probably being told that there is nothing that can be done to help and that is a real shame because the secured loans route can provide the best solution."
