Investment News 12 June 2015 – Mortgage competition returns

 

Investment News – Mortgage competition is returning to the market.

New lenders are using better models for lending, algorithms to access your risk on an individual basis rather than a blanket ‘lending criteria’ model. The recovery is now so far set in that all the news in the past few weeks has been positive. Even the (almost certain) Grexit isn’t really having an impact on things. Certainty returns to the market. I also look at the banks and why their outdated business model is failing and we are likely to see more and more layoffs of bank employees. Walk into any bank branch now and you will see the new automated business model.

Live with passion and fun,
Brett Alegre-Wood

About the Author

Brett has over 20 years experience in all facets of property, he owns various companies centred around property and is the driving force behind the education and training at Gladfish. His companies have sold over £850 million in UK and London property and he manages over 1200 properties through his estate agency chain. Today he shares his time between UK, Australia and Singapore. He is married to Arlene and together they have 4 kids.

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