Hi All,
There has been a lot of talk of lending rules changing etc and the impacts on borrowers. This will for sure impact the business for the brokers as well. However no body has raised how the brokers will need to differentiate themselves? Surely, there would be a need to think creatively and certainly brokers would need to work hard to differentiate themselves from the average. Especially those who are on Somersoft looking after savvy investors.
I'm sure it would push people to think outside the box rather than put loans through with the same ease as before. It would also mean, greater focus on what the clients want to achieve and not just your average run of the mill snacks.
Looking for the brokers to provide an input.
This should generate some healthy competition too! Just to add savvy investors like a 'can do' attitude.
Regards,
MsAli
There has been a lot of talk of lending rules changing etc and the impacts on borrowers. This will for sure impact the business for the brokers as well. However no body has raised how the brokers will need to differentiate themselves? Surely, there would be a need to think creatively and certainly brokers would need to work hard to differentiate themselves from the average. Especially those who are on Somersoft looking after savvy investors.
I'm sure it would push people to think outside the box rather than put loans through with the same ease as before. It would also mean, greater focus on what the clients want to achieve and not just your average run of the mill snacks.
Looking for the brokers to provide an input.
This should generate some healthy competition too! Just to add savvy investors like a 'can do' attitude.
Regards,
MsAli