www . simplybizmortgages . co . uk
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A mortgage adviser ’ s expertise and knowledge of the market are your greatest assets and where you ’ ll really be able to add value as we move out of the shadow of the pandemic
Realistically , more people will start to fall into financial difficulty and mainstream lenders are still extremely cautious , meaning specialist lending solutions will be in greater demand next year .
That ’ s where you as trusted advisers come in .
Many of your existing clients could slip into the specialist lending sector , not least the self-employed , who are already struggling to access mortgages on the high street . And new clients may find they are ineligible for a mainstream mortgage if they ’ ve been financially impacted by the pandemic .
Brokers are going to be more important than ever in helping clients navigate the mortgage market , backed by a thriving specialist sector .
Prepare for 2021
If your client is self-employed , has experienced credit blips during the pandemic or is in a sector that has been particularly hard hit , they could struggle to access mainstream mortgages .
Get in touch six months before their deal ends to pre-empt any issues and ensure you have time to work through their finance options , as they may be limited .
Also make sure you understand , and are up-to-date with , the products on offer from specialist lenders , such as Aldermore , and how their criteria differ from the high street .
We stand ready to do all we can to find solutions for clients who are unable to get a mortgage from the big banks next year . And we believe advisers are best placed to support non-standard borrowers find a suitable mortgage .
Despite your help , many borrowers will still struggle to refinance to a new lender , so don ’ t forget to consider product transfers . They could help support your clients and your business next year . Lenders have invested in technology to make the product transfer process quicker and smoother for you to do on behalf of your clients and of course , will pay a proc fee in recognition of your time and advice .
Your clients will need support from a trusted expert in 2021 . By maintaining contact now , they ’ ll remember you when they ’ re ready for mortgage advice .
A mortgage adviser ’ s expertise and knowledge of the market are your greatest assets and where you ’ ll really be able to add value as we move out of the shadow of the pandemic .
For further information about Aldermore and its products , please visit the website or get in touch with your regional Business Development Manager
www . aldermore . co . uk / intermediaries