Having read this excellent blog from my contemporary; Bradley Moore at Brightstar: http://www.bestadvice.co.uk/much-evidence-ignore/ I came away with a sense of frustration, which has subsequently developed into a need to evangelise. My frustration came from this phrase:
“Only last week, I was talking to a very respected industry figure with responsibility for his firm’s stance of all things lending related. When the subject of second charge lending came up, he told me that their brokers were told not to engage”
There is certainly a schism within the mortgage broking field, a distinct step between those who embrace second charge secured loans as a viable tool to assist their clients in the short to medium term, and those who think that secured loans are a product akin to introducing Sauron to Middle Earth, wreaking financial ruin upon a previously happy client.
In fairness as a secured loan packager it can sometimes feel…
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