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B
bm solutIons As hard working and diligent a pupil as ever with supreme service. However, BM’s product range has room for improvement and more competition in the buy-to-let class could see this lender return to head boy status next year once Lloyds Banking Group’s balance sheet has been repaired. Grade: B+
C clydesdAle
Sensible underwriting and competitive products more than make up for some challenges of late on the servicing of applications. A notable improvement year on year and destined for further achievements . Grade: A–
D fIrstbuy
drAwbrIdge / drAgonfly ProPerty fInAnce
The bridging sector is getting noisier but not yet overcrowded and this pupil is an outgoing new entrant making good initial impressions. Grade: C+
32 mortgage introducer JUNE 2011
Not a lender as such but a concept. The 2011 Budget’s £250m package to support 10,000 first-time buyers is a worthwhile attempt to reinvigorate the new build market. As such it’s too early to give a representative grade but the full year end report may make critical reading - especially given the disappointment experienced with sibling forerunners such as HomeBuy. Grade: Pending
E
G
elePhAnt In the room The biggest problem facing the mortgage market as a whole is still the lack of funding. Until lenders can get investors to back them financially freeing up more money to lend to borrowers, it is hard to see pricing getting much more competitive. Although there have been
one or two encouraging signs with Paragon securing wholesale funding, Precise Mortgages getting investor backing and Santander getting a securitisation away, there’s still a considerable way to go. Grade: D
F
godIvA
A class favourite and always eager to please. Excellent rates and fast service which makes it the stand out pupil in the building society sector. Grade: A-
H
hAlIfAx Service standards and its premier team continue to impress and with the imminent development of its Chatline we can only see the brand develop further. It is purely product pricing which is restraining a lender which has historically enjoyed class honours every year and the hope is that once its funding shackles are torn away it can begin to challenge Abbey for Intermediaries once again.
Grade: B I
I-grouP (ge money) One of the few specialist players still active in the marketplace and one which has performed well in all areas of
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