First-time Buyers
Five more mortgage lenders poised to enter market

Written By:
Guest Author
Posted:
22/07/2014
Updated:
25/02/2015
Guest Author:
Vicky HartleyAnother five new or returning lenders are expected to start offering mortgages this year.
According to Stephen Smith, director of housing and current affairs at Legal & General:
“There should be another big lender before the end of the year, but in between that, there will be a couple of returnees and also a couple of smaller new lenders”.
Legal & General Group said its expectation is that total gross lending for the year should finish slightly north of £200bn despite the slowdown brought by the Mortgage Market Review.
Smith said the bulk of the slowdown is being seen and absorbed through bank branch channels.