Brightstar, which has developed a reputation as a centre of excellence for all kinds of specialist lending, will provide support for Mortgage Advice Bureau and Intrinsic.
According to Rob Jupp, CEO of Brightstar Financial, the market has been waiting for a lender to have the patience and technical expertise to put together a proposition, which recognises the needs of clients previously shut out of the lending market.
He said:
“At a time when the computer dominates mortgage decision making, it is so refreshing to see a new lender with a proposition which not only recognises the plight of those who have received the brush off from the high street over the past five years, but has clearly had the approval of the regulator to launch a set of products which targets people who have suffered financial hardship due to unforeseen circumstances.”
“We have been pushing for some time for help for people who have suffered financially through redundancy, bereavement or loss of their businesses and for whom the high street is not interested because the credit score is king. I think understanding is dawning that leaving so many people with previously unblemished records out in the cold needed to be addressed.”
