The world is changing. Indeed, at present, from a political standpoint at least it’s changing by the second! But even aside from the chaos of Brexit, it’s clear that we’re operating in a whole new landscape to that in which we found ourselves some 10 or 20 years ago.
The fact is the way people live, work and earn has seen a massive transformation. There are more self employed people and more contract workers. People are struggling to get on the housing ladder. People are moving more for jobs. We’re living longer and working longer. The long-held idea of what constitutes a ‘standard’ borrower no longer exists. And it’s for all of these reasons that the recent figures from industry trade body UK Finance were not surprising.
According to the latest lending data, specialist lenders and challenger banks saw the biggest growth in lending throughout 2017.
Specialist lenders are leading the way in the lending market because they are recognising the changing demographic of borrowers and they are responding accordingly.
We’re on the cusp of a specialist revolution. And about time too.
With access to challenger banks, specialist lenders as well as high street lenders, Finance 4 Business can identify a bespoke solution for all lending requirements. Our team of experts are available to talk through an enquiry and are happy to lead the specialist revolution.