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Rate Rises: A Major Opportunity for Agile Lenders PDF Print E-mail
Monday, 06 November 2017
Now that interest rate rises have finally begun homeowners will become increasingly anxious to secure the best mortgage deals available.  

Lenders will be under growing pressure to pass the new rates on to their customers, but with 60% of homeowners on fixed-rate products, the majority won’t suffer the hikes just yet.

This gives smart lenders a window of opportunity. Agile technologies can quickly reduce operating costs enabling lenders to pass these savings onto consumers in the form of new lower-rate products.

By bucking the trend for inflating rates, lenders can immediately stand out in a new market of increasingly uneasy homeowners, retaining existing customers and securing new ones.

Lenders that have been mulling automation and intelligent credit systems should act now – this is a golden opportunity to grow their businesses. - Richard Carter, MD, Equiniti Credit Services
 

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