Finding mortgage alternatives in a tight recession

Around a fifth of all applicants are refused mortgages by traditional lenders. Simon Biddle, Marketing Communications Manager of specialist mortgage provider, Preferred Mortgages, analyses the alternatives which are available to brokers and IFAs, and predicts a boom for the sub prime market, particularly in the face of a recession. With virtually the whole of Europe on the brink of recession potential homebuyers could in the future find themselves out of work, seeking alternative employment, or perhaps for some, branching out into self-employment. The knock-on effect is more mortgag...