10 Questions with Jamie Jolly of Lancashire Mortgage Corporation

10 Questions with Jamie Jolly of Lancashire Mortgage Corporation




B&C caught up with Jamie Jolly, Lancashire Mortgage Corporation's Commercial Relationship Development Manager, to find out more about the company's common sense approach to lending.

B&C caught up with Jamie Jolly, Lancashire Mortgage Corporation’s Commercial Relationship Development Manager, to find out more about the company’s common sense approach to lending.

1. What does your role consist of and when did you start working for Lancashire Mortgage Corporation?
 
I’ve worked at Lancashire Mortgage Corporation for more than 10 years and I’m the commercial relationship development manager. This means I implement packager and underwriter training to our broker and intermediary network across the UK. It’s my job to improve broker knowledge, identify trends, support and listen to our partner’s requirements and challenges to ensure LMC delivers the solution they need.

2. What is your past experience?

I started in this industry as a fresh-faced 19 year old, joining LMC’s business development team and working my way up through the company, working on the senior underwriting team and then relationship development department. This breadth of experience has helped me to become a specialist in the field of bridging and commercial lending.

3. Did you always want to work in finance?

Honestly? No. Business always interested me, but I ended up studying accountancy at university. Moving into specialist lending meant I could achieve a balance between business and finance.

4. What one thing would you change about the bridging industry?

The market perception – whilst this has undoubtedly improved in recent years- there still seems to be negative connotations and a bit of a taboo remaining around bridging finance. As an industry we’ve worked hard to show that bridging finance is a reputable lending solution. It has evolved to be much more than what it has historically been referred to which was property ‘bridging loans’ – what we offer now is reliable short term finance.

 
5. Will we see a rise in lending during 2015?

Definitely, in fact we are already experiencing it. Activity levels are at an all-time high and funding transactions are also reaching record amounts. The key driver to this boost is that introducers now have a much better understanding of what short term lending is and how it can be used.  

6. How are you hoping to keep LMC’s bridging arm competitive in a crowded market?

By sticking to our common sense approach to lending which is based on speed, high levels of service and flexibility.

7. What exciting plans does the bridging arm at LMC have this year?

There are lots of exciting plans; we have a dedicated development team who are always looking at product innovation. An important part of my role is speaking to brokers and intermediaries to gather their feedback on what products and services they are looking for. We have a strong set of products which we are really proud of and will be introducing more in the next few months, so watch this space.

8. What is more important in bridging - rate or service? Why?  

Service, hands down. Providing a high level of service is key to everything we do.

9. Who was your role model growing up?

My mother – she did a fantastic job of raising my sister and I.

10. If you could have one superpower, what would it be and why?

Having the ability to see into the future, although people might become suspicious after I’d won the lottery for the fifth time!

For more information on Lancashire Mortgage Corporation please visit: www.lancashiremortgage.co.uk

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