Early results from CMP’s Brokers on lenders Survey point to an upward trend in brokers relying on non-prime deals in the wake of ever-tightening regulations. It isn’t too late to have your say.
Many brokers have already ranked and ranted about the lenders they use but the survey also endeavours to take a snapshot of player lending preferences.
And this year it appears even more brokers are having to rely on non-prime deals, with 49 per cent of pollsters admitting the number of such deals has increased year-over year. This continues a trend from our previous year’s poll, which saw 40 per cent of brokers polled saying their number of non-prime deals had gone up in the past year.
But with an increase in reliance on this type of deal are brokers meeting broker expectations? Make sure to take our poll and let them know.
Overall, the survey is viewed as barometer of broker satisfaction with their most important partners. The CMP research is also the most straightforward and influential message mortgage brokers will send to their lenders, say industry professionals.
That’s all the more so with increasing competition from the banks and a number of credit unions across the country. The survey and comments aim to offer valuable advice on how lenders can better position the industry.
Related: Brokers are choosing prime time