Charity-based products are still to make impact

property

Brokers have questioned the ability of charities to break into the mortgage market despite public de...

Brokers have questioned the ability of charities to break into the mortgage market despite public demand for charity-based products, Mortgage Solutions reports. The Giving Campaign which promotes charitable donations throughout the UK, said 40% of young people would consider investing in a charity-led financial product, while 37% would choose such a scheme ahead of a regular investment vehicle. In such a competitive and price-sensitive market, Mike Boles, director at intermediary Savills Private Finance, questioned whether borrowers would be prepared to pay slightly over the odds for a p...