{"id":156221,"date":"2025-09-23T20:41:06","date_gmt":"2025-09-23T20:41:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/156221\/"},"modified":"2025-09-23T20:41:06","modified_gmt":"2025-09-23T20:41:06","slug":"mortgage-brokers-lenders-step-up-as-first-time-buyer-challenges-continue","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/156221\/","title":{"rendered":"Mortgage brokers, lenders step up as first-time buyer challenges continue"},"content":{"rendered":"<p>Brokers should also keep in touch with those clients and let them know what\u2019s happening in the market, she said, even if it\u2019s equally important not to overwhelm them with information.<\/p>\n<p>\u201cIt\u2019s our job as brokers and lenders to simplify that process as much as possible and to bring that clarity for them,\u201d she said, \u201cgetting them ready so that when there is an opportunity for them to strike, they\u2019re able to do so effectively. And it makes everybody\u2019s lives a lot easier and makes the process enjoyable again.\u201d<\/p>\n<p>Broker-lender relationships crucial for first-time buyers<\/p>\n<p>A glimmer of light for first-time buyers, according to Alfonso Casciato (pictured, top right), EVP of strategic initiatives at <a href=\"https:\/\/www.mpamag.com\/ca\/companies\/radius\/291679\" rel=\"nofollow noopener\" target=\"_blank\">Radius<\/a> Financial, has been a recent increase in the mortgage insurability limit to $1.5 million from the previous cap of $1 million.<\/p>\n<p>That gives borrowers more wiggle room \u2013 but for brokers, Casciato also highlighted how strong relationships with lenders can improve chances of getting deals over the line.<\/p>\n<p>\u201cWhat doesn\u2019t get talked about enough is that you need to spend time creating relationships with your lenders,\u201d he said. \u201cLet\u2019s not forget while all these opportunities are available for first-time homebuyers, programs are changing \u2013 enhancing opportunities. I think as brokers you really need to spend some time on creating a very positive relationship with your lenders. It goes a long way.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Brokers should also keep in touch with those clients and let them know what\u2019s happening in the market,&hellip;\n","protected":false},"author":2,"featured_media":156222,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,1599,71487,71488,56,54,55],"class_list":{"0":"post-156221","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-first-time-buyers","11":"tag-mortgage-brokers","12":"tag-mortgage-lenders","13":"tag-uk","14":"tag-united-kingdom","15":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/156221","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=156221"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/156221\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/156222"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=156221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=156221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=156221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}