Speaking at the Belfast Mortgage Business Expo, Gerry Bell, head of mortgage marketing at GE Money, said that intermediaries would find further opportunities in three distinct areas: the UK mainland, the overseas market and the Republic of Ireland.
Remortgaging is the order of the day in the UK mainland, whilst specialist lending is currently taking priority in the Republic of Ireland.
Bell also highlighted the three distinct types of clients looking to today's overseas mortgage market; those hunting for holiday homes, relocators and investors.
“Unfortunately, intermediaries are currently in the middle between cautious consumers and lenders reducing their exposure," he explained.
"Intermediaries may still want to look at markets such as near prime/light adverse and the semi-commercial and commercial sectors, but they must get their supporting finance right and be sure who they are dealing with.”
