Editor's note: Youre the heroes the market needs | Mortgage Strategy

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I’m not sure if it’s possible to accurately sum up recent weeks in the mortgage industry without the use of expletives….

It hasn’t been easy for anyone but brokers have been hit particularly hard by the fallout from the chancellor’s mini-Budget, working around the clock to secure rates and calm the nerves of panicked clients.

Anyone coming to the end of a mortgage term will have been particularly rattled by the withdrawal of products and rising rates. But amid all of the mania it has been such a positive to see so many brokers appear across the national media to be the voices of reason and offer sage, sensible advice.

Think back to that time you overcame something that seemed insurmountable. You can do it again

There’s no denying mortgage prices have risen substantially in the short term. For those who secured their first product when rates were at rock bottom and are nearing the end of their term, a shock may be in store. But, at the time of going to press, the intense post-Budget market volatility was starting to subside and lenders were bringing products back — some even reducing rates.

In these turbulent times, brokers really are the heroes the market needs. But being the saviours of borrowers, and often their therapists, is quite the weight to carry. I’m sure you yourselves are shaken after recent events.

Brokers have been hit particularly hard by the fallout from the chancellor’s mini-Budget

If you get five minutes to avert your eyes from a screen, this month’s magazine includes features and commentary on a variety of topics, not all related to the Budget! Our cover feature looks at long-term mortgages and whether the likes of 30- and 50-year terms will succeed; while in the second feature I chat to Paradigm about 15 years of the business and overcoming market challenges.

We have fresh analysis in our housing, buy-to-let, bridging, commercial and tech watch columns; and, of course, Andrew Montlake tells it like it is as only he can in Market Watch. Accord and Santander are in the hotseat in our One to One and Day in the Life profiles and there is a host of further insight across our comment and news analysis pages.

At the time of going to press, the intense post-Budget market volatility was starting to subside and lenders were bringing products back

If you’re struggling at the moment, as I’m sure so many are, think back to that time you overcame something that seemed insurmountable. You can do it again.

Look after yourselves!


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