Brightstar Financial has launched a campaign aimed at helping those it dubbed ‘credit crushed’ borrowers who aren’t able to secure specialist finance called ‘Could You? Would You? Should You?’
The lender said a ‘significant’ number of brokers are closing the door on customers with unusual requirements – meaning they are left unaware of the options available.
It therefore plans to petition to the Financial Conduct Authority and Treasury to make it so anyone looking for a mortgage receives advice on the full range of options – both mainstream and specialist.
Michelle Westley, head of marketing at Brightstar Financial, said: “This campaign means supporting credit crushed borrowers across the specialist loan market. This goes beyond mortgages.
“It means telling the FCA and Treasury to fix their rules to ensure all borrowers are given access to professional advice on the full range of options, not just mainstream products.
“And it means educating consumers about the role of specialist finance and the innovative solutions available to them.”
In 2016 there were 350 mortgage declines per day according to research from Magellan Homeloans.