Although criteria remains strict, particularly for those clients with little equity or a small deposit, 2010 has seen increased mortgage activity, availability of higher LTV’s and also slightly lower rates, all signs of an improving market. And Sammon says he feels the timing is ideal to launch a brokerage.
He said: “More and more lenders are coming back into the market which means better terms for clients as competition increases, this also provides brokers with a greater range of options for their clients.
"Brokers continue to contribute a huge percentage of overall lending and in a market where criteria is tight, mortgage brokers are relied upon more than ever to find not just the best rate but also the right lender.”
