High Street versus fintech lenders
UK newswire, Newspage®, asked mortgage brokers and financial services tech experts how fintech lenders compare to traditional high street lenders, e.g. what their strengths and potential weaknesses are, if they are stronger in any particular areas, and how much business they place with fintech lenders versus the high street. Some were very sceptical, saying “fintech is the biggest con going” and that the term is used to “establish eye-watering valuations”, while others said they “bring a lot to the table” and that “most standard mortgages can go through fintech lenders quite well”. The views of brokers from around the UK can be seen below.