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Five more mortgage lenders poised to enter market

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Written by: Vicky Hartley
22/07/2014
Another 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.

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