Competition is hot and borrowers are winning

Culhane, Mike
July 2006
Mortgage Strategy;7/3/2006, p30
Trade Publication
The article discusses how competition in the mortgage market is benefiting borrowers in Great Britain. The entry of more lenders in the market has pushed lenders to innovate in a number of areas from product design to broker service and funding techniques. This boosted the sophistication of borrowers' decisions, making consumers more aware of the mortgage features and options available. Thus new lenders brought with them ideas and techniques developed in the U.S. mortgage market, which led to the rapid development of the mortgage industry.


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