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a for effort but could do better


We’re half way through 2011 and four years on from the onset of the crunch that changed everything. But is the market exceeding expectations or could it do better? Mortgageforce’s managing director Kevin Duffy gives the industry its half term report


By nature any kind of assessment on a subject matter as broad and emotionally sensitive as the performance of mortgage lenders and the mortgage market can become a subjective exercise. But I believe that this is a fair and balanced report card which takes account of inevitable regional variations on matters such as service and localised business development manager performance. Mortgageforce is a national operation and can draw upon the experience of over 100 brokers across the entire UK. It’s also a particularly difficult market and I’d stress that any lender featured here has in itself graduated out of the recession. We should be applauding them for actually lending in what is still a fragile market.


I’m also not a believer in dumbing down school grades in the way that modern day GCSE and A-Level assessments now see grade As being


28 mortgage introducer JUNE 2011


given out as freely as chocolate at the tuck shop. I’d like to point out that a C mark, as when I was at school, is a decent mark and given that so many lenders are playing truant from the market at the moment a C grade or above represents a sound scholar.


A


Aldermore A decent attendance record and keen to please, virtue is its common sense approach to underwriting but product range could be sharper. Grade: B


Abbey for IntermedIArIes Without doubt the star pupil in the class which has now corrected a poor service record from two years ago and is going from strength to strength under new tutelage. Grade: A+


Accord


An exceptional approach in large loan subjects and has had some cutting edge rates. Grade: B+


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