Meet Paul Hampton of Approved Mortgage Solutions
Where are you based and where do you operate geographically?
We are based in Sunderland but operate nationwide. Most of our clients are Northeast based from a history of face-to-face appointments before Zoom and Teams.
What are the main issues impacting your local market?
Lack of housing stock. There is lots of investment in the Northeast which in turn has created lots of new employment. New builds are behind the demand and there is a shortage of older housing stock.
What challenges are you facing as a broker?
Affordability is becoming more of an issue with increasing household expenditure and incomes not keeping pace. We are coming across clients with mild adverse more and more, from checking credit files it’s more poor housekeeping than an actual inability to pay debts.
What are the main opportunities for brokers in your area and nationally?
In our area, new builds and first-time buyers will be an area of growth, particularly with the availability of 95% mortgages on newbuilds. Given the amount of 5-year fixed rates we have done over the last two/three years.
I think further advances and second charges will become more and more prominent, clients will still need to raise funds for various reasons.
What could lenders do to help further your business?
Work with us more on clients expiring products.
What sets you apart from the competition?
We have lots of experience in the office and take our time to understand our client’s current situation and then match them to the best mortgage they can get.
How should potential borrowers contact you?
Get in touch via our website or email [email protected]
