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Opinion is split among intermediaries on how bad the current market situation is for broker workloads and mental health, with some arguing that those struggling may not be cut out for the industry.
The leasehold system is a ‘mess’ that leaves homeowners paying ‘through the nose’ according to brokers, though opinions are divided on whether it should be scrapped entirely or adapted.
High net worth individuals (HNWI) borrowers are less likely to use lifetime mortgages to offer gifts to loved ones following increases to interest rates, it has been suggested.
It is ‘inevitable’ that high street lenders will dominate the remortgage space, brokers have argued, though this is as much a reflection of their products as their marketing budgets.