Rob Jupp, chief executive officer of Brightstar Financial explains why he thinks the FCA needs to shake up the culture of whistleblowing to help root out bad apples in the latest partner Q&A from The Mortgage Lender.
1) How do you feel the launch of The Mortgage Lender is going to impact the mortgage market?
It is always good to see new entrants into the specialist mortgage arena as it gives greater competition to other lenders and more choice for advisers’ clients.
2) What do you think about The Mortgage Lender’s product range?
They have some very competitive rates coupled with an innovative product range.
3) Are there other areas of the market where you’d like to see The Mortgage Lender offering products?
The obvious area would be BTL as the more competition in this area of the market the better.
4) Why did you want to be an introducer for The Mortgage Lender?
As a market leader in specialist lending solutions for our supporting intermediary community, it is important that we offer solutions from a broad range of specialist lenders to satisfy their clients’ requirements.
5) What do you think The Mortgage Lender offers that its competitors don’t?
Flexibility around underwriting and especially around self-employed and contractors.
6) What is your prediction for levels of mortgage borrowing this year?
I think that if we achieve lending levels similar to 2015 that would feel like a very positive year given everything that has happened this year.
7) If you could ask the Financial Conduct Authority’s acting chief executive Tracey McDermott to change one thing to make your life easier what would it be?
Change the culture of whistleblowing in the UK so markets can better help to regulate themselves by rooting out bad apples.
8) What do you hope to be doing in five years’ time?
5 years feels a long time right now. I’m enjoying the re-emergence of a sustainable specialist mortgage market and being surrounded by so many forward thinking people at Brightstar – that has certainly given me a huge spring in my step.