Omnia Shifts Focus | Omnia Direct | Discussion forum

I think Omnia is not alone in this. Motus and others are also emphasizing mortgages. There seems to be a relative shortage of borrowers right now.

Yet the rigmarole for getting a loan remains over the top. Two of my friends, in recent weeks, have complained about this, and both are excellent candidates. One needed a bridge loan for changing houses. The other needed a new car loan but has huge reliable pension income, well over 100K (which is deposited in same CU regularly) and owns two paid-for homes. Both are well known to their CU branches, have probably never defaulted on anything, have excellent credit ratings, and got the third degree.
I would have personally loaned the bridge loan if I'd known about the need before it was negotiated, and without a mass of paper work - and y'all now how cautious i am! - because I know this couple very well and have absolutely no doubt it would be repaid in full and on time. It was only for about 3 weeks!
I wouldn't have done the car loan, simply because I'm not looking for an investment of that term right now.
When you have people with longstanding positive histories, real assets which can be easily checked, good reliable pension incomes, which you can perfectly well see on their bank statements, what's the problem? They don't ave liquid assets because they don't normally need them. A good pension is more secure than any kind of job.