Paul Field, divisional director – residential lending at West Brom for Intermediaries, told Mortgage Introducer that the decision was made due to the ongoing situation in the lending markets, but insisted that it wouldn’t make much impact on the firm as it was only a small part of its business.
He said: “It has never been a huge part of our portfolio and we were only doing a handful of cases a month. But with everything that is going on at the minute we made the decision to concentrate on our core prime and buy-to-let business. In all, it was a simple decision really.”
