Tough capital market conditions have forced Seiza Capital to reduce funding for some products, including low-doc loans.
Jo Parkinson, director of Seiza, told Mortgage Business the boutique funder was “very much still in business”, playing down rumours that the lender had ceased funding new loans.
However Mr Parkinson said Seiza would be prioritising its funds for “higher quality applications” and would focus particularly on its self-managed super fund lending – which he said was prospering.
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“It makes sense to write the best loans we can with the funding we have” he said.
