PRIMIS reports rise in adverse credit broker queries

PRIMIS Mortgage Network has reported that its product desk saw a large proportion of queries relating to mortgages for those with adverse credit during January.

The network’s product desk helped appointed representative (AR) advisers with 2,491 queries in January – the highest number since March 2021.

Over 700 broker enquires were also witnessed during the second week of January, which PRIMIS confirmed was the busiest ever week for its product desk.

PRIMIS also reported a large proportion of the month’s queries regarding self-employed mortgages, as well as those for contractors and agency workers with irregularities in their line of work.

“Despite rising inflation putting pressure on finances and beginning to push interest rates upwards, these statistics also show that the market remains competitive and demand is still strong,” commented PRIMIS proposition director, Vikki Jefferies.

“Lenders have continued to introduce more options for borrowers in recent months, including for those with adverse credit and the self-employed.

“This wider range will be critical in helping brokers continue to find suitable and affordable deals for those with such complex circumstances, and by working together with the right network, they can get access to all these options to meet their clients’ needs.”

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