Mortgage Strategy Wired Presents… Undeserved Borrowers

The tightening criterion for mortgage lenders following the publication of 2012’s Mortgage Market Review has certainly hit some applicants hard.

In particular, these changes have affected the availability of mortgages for the self-employed and older borrowers.

With 15% of the UK’s workforce self-employed this can cause issues, especially for those applicants not able to meet the general high street lender requirement of 3 years’ worth of accounts, or for directors of limited companies wishing to keep retained profit within their companies.

In terms of older borrowers, there is a general trend for a cap at the age of 65 in spite of an aging population and an ever increasing retirement age.

Meet panellists Tony Salentino (Director of Complete FS), Alistair Hargreaves (Executive Mortgage and Protection Consultant at John Charcol), Cammy Amaira (Head of Intermediary Sales at National Counties Building Society) and none other than our very own Rob Killeen (Managing Director of Capital Fortune) as they discuss the differences in the use of smaller lenders in this climate as well as the benefits of employing a broker to help navigate this progressively stringent lending environment.

Watch the video below, as Mortgage Strategy Wired Presents… Undeserved Borrowers