Should lenders offer region-specific products?
12.04.18
Do bridging lenders need to introduce region-specific products?
Tom Belger | Bridging & Commercial
A one-size-fits-all mentality simply doesn’t cut it, particularly in an age when regional property differences are becoming starker, one specialist finance expert has claimed.
The comment comes after JLM Mortgage Services urged lenders to consider sector-specific product ranges to support advisers in various parts of the UK.
The mortgage network claimed that a homogenised product range was no longer suitable for mortgage borrowers due to the significant differences which can exist between regions.
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