What is the difference between a pure lender and a retail bank?
A banking business is distinct from a pure money-lending business, as they offer the wide range of banking services. When you sign a mortgage with a bank, you will have to open a current account and the bank will ask you to deposit your salary on this account.
A mortgage lender is a financial institution from which you receive money to purchase a home; they do not offer traditional banking services and specialize in making mortgage loans.
A pure lender pays a special attention to your financial file as he is likely to analyze more complex situations.