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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.
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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.
“It makes sense to write the best loans we can with the funding we have” he said.
