Rob Barnard, relationship director at Pepper Money UK, emphasised the importance of specialist lending at the UK Mortgage Convention, organised by Brilliant Solutions, today (6th March 2025).
Barnard highlighted that when high street lenders refuse applications, borrowers should consider exploring the option of specialist lending.
Barnard said: “when the high street lenders say no give specialist lending a go.”
This suggestion was particularly pertinent for those who may have experienced credit blips due to various personal circumstances.
Barnard noted that significant life events such as job losses, bereavements, and divorce can lead to detrimental effects on individuals’ financial situations.
He also stressed the importance of maintaining communication with clients facing these challenges, emphasising that understanding and addressing their personal circumstances is crucial in providing tailored financial solutions.
In his address, Barnard underscored the value of conversations in the mortgage process.
He argued that ongoing dialogue with clients can reveal underlying issues that may have affected their creditworthiness and overall financial health.
By fostering a supportive environment, lenders can better assist individuals in overcoming obstacles and achieving their homeownership goals.
