“What’s that all about?” said (yet another) incredulous business bank customer who was shocked at the disappearance of their bank manager’s discretionary aura.
We all know the routine: Effective funder relationships are the way to go. But, lenders have been on a diet, and if they’re on a diet the sweet jar doesn’t get opened for all their customers.
Who gets a cookie from the cookie jar when belts are being tightened by fettered discretion?
Apparently business finance has a partner to the challenges of inflexibility and the leach of box-ticking over discretion has slid into some mortgage lenders ‘over-interpreting’ new regulations.
Discretion is the basic requirement behind a well run businesses reasoning…… Need I say more?
Article credit: Copyright SUF © 2014