Definitions for "Centralised Lender"
A mortgage lender who does not rely on a branch network for distribution. Centralised lending operations take their business from intermediaries or through the Internet.
A general term applied to mortgage lenders, but not to high street banks and building societies, who mainly operate wholly from a head office location.
This is a lender who does not have any branches and may operate from one location either through brokers or via the telephone.