Amazingly, this is my last column of the year! I enjoy writing each week and updating you on the mortgage world's good and bad, but I am looking forward to a couple of weeks without tight production deadlines to meet!
The door may be nearly shut on 2015 and, in many ways, I'm ready to kick it shut. It's been a frustrating year as lenders have been neither here or there with their lending volumes and every one of them has had one eye looking over their shoulder for the regulator and the other looking forward in preparation for the new European Mortgage Credit Directives that are due to be implemented in March 2016. Wouldn't it be nice if we could just have a couple of years without regulatory changes?
At the same time, it has been a year for building foundations for what I hope will be a fantastic 2016. Once the new regulations have been implemented and with rates set to stay static for some while yet, mortgage lenders will be competing for business. A rate price war may happen and this can only be a good thing for the end consumer. We will also be welcoming a number of new lenders to the market (and some returning) and this will help keep competition rife. Good times ahead!
Finally, a heartfelt thank you for reading my columns. I've tried to provide an unbiased weekly insight to what happens in the mortgage world (and tried to keep it upbeat!).
Thank you to everyone who has instructed AToM to source and arrange their mortgage during the past twelve months. It has been a fantastic year and we have enjoyed substantial growth in volume, November bringing more than £30m in new applications. Also, an increase in headcount with almost 30 in the AToM team located between our two Horsham offices! They are a truly fantastic team.
On behalf of all the staff and directors at AToM, we wish you and your families a very Happy Christmas and a Relaxing and Prosperous New Year!