As I was scanning the Financial Reporter news section on the countdown to Christmas, I came across a pull quote in one article which immediately grabbed my attention. This read "If anyone in the mortgage market was hoping for a period of product and criteria stability then I'm afraid they will have to wait a bit longer."
This came from Knowledge Bank’s CEO Nicola Firth on the back of its monthly criteria index which revealed that the year looked set to end as it started with a vast number of criteria changes across the whole range of product categories.