Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.

British Mortgage Awards Mark 20 Years of Recognising Industry Excellence

The British Mortgage Awards (BMA) have now been recognising individual excellence in the mortgage industry for two decades. Neil Chambers, senior associate for residential and investment finance at Brightstar and recipient of the Buy-to-Let Award, reflected on his experience and the changes in the sector since the awards began.

Chambers described winning at the inaugural British Mortgage Awards as a significant moment, noting that it meant he was recognised in the industry for his work. He recalled that the intermediary mortgage market in 2006 was very different from today, describing it as “like two different worlds altogether.” Chambers said that while the market was booming then, it is now much harder.

He identified tougher regulation and underwriting as the single biggest change in the mortgage industry over the past 20 years, stating these changes have occurred for the right reasons. Chambers also noted that the role of the mortgage adviser has evolved, with success now requiring multi-tasking and knowledge of a wider range of product lines.

Reflecting on the impact of his award, Chambers said it gave him a great sense of pride, especially as he was working for Savills at the time. He described the British Mortgage Awards as the most respected and prestigious in the industry, attributing this to the brand and the seriousness with which the awards are conducted.

Chambers emphasised the importance of recognising excellence and innovation in the industry, provided the awards are genuine and reward the right people. For those entering the intermediary mortgage market today, he advised being prepared to listen, work hard, and learn from others, highlighting the need to build up a client bank and understand the many product lines now available.

Looking ahead, Chambers commented that the mortgage industry remains ever-changing, with new lenders and new ways to finance property continuing to emerge.