10 Questions With... Laleta Buctkuar, Lancashire Mortgage Corporation

10 Questions With... Laleta Buctkuar, Lancashire Mortgage Corporation




1. When did you start working as a BDM at the Blemain Group and where were you before that?
Well I’ve just got my 5-year service Award with Blemain Group.  I started off working as a BDM for the Midlands and then promoted to Divisional Sales Manager, which was a huge achievement for me. 
Before working here, I worked at Citi Financial and HFC bank, so I’ve been working within financial services for 10 years now. 
2. What did you want to be when you were a kid?
As a kid I went through various phases, I was always a bit of a day dreamer. I wanted to be a ballet dancer, an air stewardess and then a lawyer.
3. What would you be doing now if you weren’t working in financial services?

I did my degree in law and always thought that I would end up working in the legal field.  For a long time I wanted to be a barrister but for some strange reason I found myself really enjoying financial services - and haven’t looked back.
4. What’s the best and worst thing about your job?
Well to be honest I enjoy a lot of things about my job.  I work with a great team, and always have support from all internal departments.No two days are ever the same so it keeps things interesting.
I also have confidence in that we offer a great proposition to intermediaries with both residential and commercial lending.  It might sound a bit cheesy but I’m proud to be part of Blemain Group.
As for the worst thing, well, the recession and the impact it has had on our market. Aside to that it would have to be traffic!
5. What trends have you noticed within the bridging industry over the last 12 months?
I think more and more brokers are now arranging bridging finance for clients. There seems to be a lot of bridging lenders who are aggressively marketing for bridging loans. Competition is good for everyone which, has led to products becoming and more innovative, such as our 0.75% per month bridging finance offer. Providing that the bridging finance meets the aims of the client, the exit route has been firmly established and is realistic, bridging finance can be a great solution.  
6. What trends do you predict within the industry over the next 12 months?
I think this is likely to be a consolidation period in the bridging finance market.
Some of the products currently on offer can be very attractive on day 1, however the planned exit route may well fail to materialise and liquidity will become an issue again. The current economic climate suggests that property prices are flat, only showing small fluctuations. Mortgage statistics show that lending is reducing and mortgage product development remains stifled.
As a result of the economic factors it is likely that the BTL market will continue to grow as potential distressed houses continue to flood the market, which is a good opportunity for all concerned.
7. Who do you fancy off the telly?

I suppose it has to be Jeremy Kyle.  Unfortunately I seldom get to watch the show but that’s a guilty pleasure.
8. What’s your favourite film and book?
Well I love Will Ferrell, I just think he’s hilarious; so Anchorman is probably my favourite film. I honestly don’t get a chance to read; does the road atlas count?
9. What would you put in Room 101 and why?
This is easy, it would have to be traffic wardens and clamp operators – although I’ve not had too may run ins with the latter.
10. If you could have a super power for one day what would it be and why?
Teleporting; the thought of not having to drive for the day sure does bring a smile to my face.

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