The Association of Mortgage Intermediaries (AMI) says the gap between branch and intermediary product offers has narrowed considerably, and now favours the intermediary in some cases.
AMI’s latest guidance note to members on the dual-pricing issues currently facing the market also claims some lenders’ attempts to increase their branch business have failed. As part of AMI’s discussions with the FSA, the regulator reiterated it does not expect firms to recommend lenders or products they cannot access. However, the note claims the difference between branch and intermediary mortgage offers is now narrowing after widening considerably over recent months. Chris Cummings, director general of AMI, says: “Across the market, the differential between branch and intermediary offe...
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