Nationwide: Comment from Steve Seal, Bluestone Mortgages
Steve Seal, Director of Sales and Marketing, Bluestone Mortgages, comments on today’s Nationwide House Price Index:
“Although modest house price growth will be welcomed by some, there are still many want-to-be buyers who are struggling with affordability. Household debt has now peaked at a record £15,400, making it vital that those looking to get on the property ladder can access sensible, affordable lending.
“Whilst high-street banks may not have the appetite to take on these sorts of borrowers, specialist lenders can. Over half of the brokers we asked as part of our recent Specialist Lending Tracker referred their clients to a specialist lender because they fell out of mainstream lending criteria. As the needs of consumers become increasingly complex and individual, tailored lending solutions will become even more necessary – and specialist advisers will prove key in helping borrowers in this way.”
Kindly shared by Bluestone Mortgages