The UK lending market has seen an increase in activity due to economic recovery, low interest rates and government schemes. Balancing the equation between responsible lending and product innovation with the digital platform providing increasing levels of consumer expectation and optionality is key. An increase in credit worthy borrowers and the need for good governance means the mortgage market will continue to evolve. The same could be said of the consumer finance market in general with the emergence of more dynamic financial institutions, including peer-to-peer lenders, which specialise in providing loans directly to consumers who are unable to secure standard banking loans due to legacy thinking or constrained lending criteria. The differentiation between market shapers and market followers is more important now than at any time post crisis.
Stonehaven has deep domain expertise and advises both the mature and challenger markets. Our aim is to help clients achieve their strategic ambitions through challenging the paradigm, transformation and growth.