The Dudley Building Society is urging mortgage brokers to give it their most challenging residential mortgage enquiries, especially those that have been turned away by mainstream lenders.
The mutual is offering a champagne prize for the ‘best’ entry.
Jonathan Moore, the Dudley’s head of credit, says he wants to encourage more intermediaries not to give up when faced with a difficult case or one where they have been knocked back by another lender.
He said: “We want to try and highlight that there are lenders in the market who will look beyond a tick box underwriting mentality. This is not a shortcut to agree poor cases or ones which are not in the client’s best interest, but to show brokers that common sense lending is still alive.
“I shall be looking at every case which comes in and we will be using these cases to help train our underwriters to look for what is good and not so good about a case.
“If we can lend on, what on the face of it, was a wooden hut in a forest, then we can help more brokers find a positive result for their clients and their individual circumstances.”