December 4, 2015
December 4, 2015
With less than six months to go until MCD-day, Mortgage Introducer asked Enterprise Finance whether brokers will be ready in time.
Harry Landy, Sales Director of Enterprise Finance:
“We don’t operate in the direct-to-consumer space, so everything we do is focussed on the intermediary. As a result of this, our chief objective is to educate brokers so that they are able to spot situations where second charge mortgages may be of use when they arise. A large part of this teaching process is changing perceptions of secured loans as many intermediaries think they are only of use to certain types of clients such as those who have experienced credit problems, whereas the reality is that they can be viable in a number of different scenarios and clients, in particular high net worth clients. When second charge mortgages come under the Mortgage Credit Directive rules next March, it will be even easier for brokers to make direct comparisons between secured loans, further advances and remortgages and they really should be at least considering the former in every such instance.”
This information is intended for professional intermediary use only and must not be distributed to potential customers.
Enterprise Finance Ltd is authorised and regulated by the Financial Conduct Authority. Firm Reference Number: 302964. Certain types of loans are not regulated, for example loans for business purposes or certain buy-to-lets. Enterprise Finance Ltd is registered with the Information Commissioners Office.
Registration Number: Z6765361 Enterprise Finance Ltd is registered in England and Wales. Company Number: 04440152. Registered Office Address: 3rd Floor, Premiere House, Elstree Way, Borehamwood, Hertfordshire. WD6 1JH.
This information is intended for professional intermediary use only and must not be distributed to potential customers