Time to lend lenders a hand.

Financial Adviser, April, 2008

Lenders have had a tough time of late, Mervyn King was spot on talking to the major high street banks last month about what support they could receive. Jonathan Cornell

The mortgage market seems to be in a rather strange place at the moment. A year or so ago, the mortgage market was in boom and nothing seemed to be able to stop the party, but not now.

The lenders who are still active can pick and choose the business they do with an impunity that brokers are still getting used to. In the past month, we have seen C&G, Intelligent Finance and Co-op withdrawing from 95 per cent lending. If other lenders follow suit then things will get harder and harder for first-time buyers to get on the ladder. Lenders cannot afford to turn their backs on FTBs totally or...

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