The Colour of Money

Whatever the official definition or spin may say, business owners that I speak to seem to pretty convinced that the UK is in the grips of a recession and that these are difficult times for businesses.

The credit crunch has far reaching consequences and affects all sorts of different businesses to a greater or lesser extent.

One sector that is suffering badly is the mortgage market. Of course we have all heard the high profile stories on the news about the effects of the credit crunch on this country’s banks and building societies. After all, it was the Northern Rock story which first brought the problems in the financial services industry to the public’s attention.

But what about the smaller companies involved in the mortgage business - the one or two man band financial advisers and mortgage brokers who help arrange mortgages for large numbers of the UK’s homeowners? Read the rest…