In the Spotlight with Chris Schutrups

In the Spotlight with Chris Schutrups

In The Spotlight

We caugh up with Chris Schutrups, Group Managing Director of The Mortgage Hut.

Why did you start The Mortgage Hut?

I've been a stockbroker, bank manager and non-regulated seller.  Many of the jobs in financial services are sales focused and a fair amount of companies in this sector don't always have the customer at the forefront of what they do. Running a mortgage business is a fabulous job, as you aren't really selling the mortgage, you are selling yourself. I started The Mortgage Hut with the aim of providing a fabulous customer experience, which was affordable for clients and gave them clear, simple and honest advice.
 
What makes The Mortgage Hut different from competitors?

We're one of the fast growing brokerages in the UK and lead the way with the use of innovative technology to improve the experience for our customers. With 11,000 products from 90 lenders, we're able to help even the most complex mortgage application. We work in niche sectors such as contractors, the police and airline staff, as we have specialist teams who understand their income streams, allowing us to have better customer outcomes and help more people. We have been able to rapidly grow our share of police and airline mortgages and are now sitting as the no 2 broker in these niche markets.
 
What challenges do you think the property market faces in the remainder of 2017?

We've got political uncertainty,  a decline in consumer confidence and a potential rise in interest rates. This could slow down the housing market and enable for some essential price readjustment which will be good news for property buyers.


What do you love about the property market?

Property is essential to life as we know it, whether it be a first time buyer purchasing a new build property, or a property investor buying an old pub to convert to flats.  The UK economy relies on a strong property market and our almost obsession with property, makes us unique to any other country.
 
What do you hate about the property market?

A lack of joined-up thinking. We should promote better working relations between estate agents, financial institutions, property developers and surveyors.
 
What property headline would you most like to read this year?

Help to Buy extended to 2025. Many house builders are reporting that first time buyers using help to buy account for more than 60% of the purchases on their sites.  It is crucial that some form of support continues, as the supply and sale of new homes is heavily dependent on first time buyers

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Scott Garnet
Scott Garnet 06 Nov 2017

If you have a patio or a porch it is important to make sure that any connecting doors are secured. Good advice for sliding glass doors is replacing the panels with storm resistant glass and getting heavier...

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richardrawlings
richardrawlings 01 Nov 2017

What has not been mentioned here is the effect of not only higher interest payments, but also that these payments are less likely to be offsettable as a business cost due to the scaling back of mortgage...

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Kelvin Lloyd
Kelvin Lloyd 09 Oct 2017

IT is up, to the Planners. If they will only give permission for bungalows on certain (suitable) sites, they will be built.

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maggie swift
maggie swift 09 Oct 2017

It's just the beginning of the shocking rise.

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maggie swift
maggie swift 09 Oct 2017

I have recently read that the bungalows can provide social housing for elderly residents in London.

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zoe glover
zoe glover 05 Oct 2017

Update! Worst company I have ever dealt with. Undervalued a Cambridge property by over 100k, wont take on any evidence of valuation including a RICS valuation done 3 years ago for the very same value...

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Paul Edwards
Paul Edwards 27 Sep 2017

Its nonsense articles such as this that make it harder to get clients to realise just how difficult the market is out there. When you see Rightmove and there are more 'price reduced' then 'new' most days...

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Tom Allen
Tom Allen 20 Sep 2017

Absolutely agree with you!

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RyanGeo
RyanGeo 18 Sep 2017

A sharp correction would be a less dramatic expression to use. That is already underway in certain sectors in Reading where I practice as Chartered Surveyor

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sean benton
sean benton 01 Sep 2017

Identity theft is a thread for any profession. So,people should stay alarmed. I once take help from a letting agent and came to know that letting agents are taking every precaution to prevent fraudulent...

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Mark N.
Mark N. 30 Aug 2017

We have seen a surge in instructions over August and that should continue into September too.

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Chris
Chris 30 Aug 2017

Unfortunately, all the legislation bears its force on Landlords and ignores, naively, the effect of Rogue Tenants on the ability of landlords to keep houses in repair and offer properties for rent at reasonable...

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