“Specialist mortgage lending was £17bn in 2016, up 240 per cent from lows of £5bn in 2009, according to the Intermediary Mortgage Lenders Association.
A new IMLA report says specialist lending has grown 19 per cent every year since 2009.
The trade body’s report says it seems ‘specialist lenders are now in a position of strength following the market’s turbulent past’.
The report adds this growth since the financial crisis is largely due to specialist lenders serving markets that have had less and less attention from mainstream lenders.
This is due to tougher regulation brought in post-crash that reduced mainstream lender appetite for non-standard loans.”
—Read Sam Barker’s full article here.