Dual-pricing problems not over - HBS

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Dual-pricing of mortgage products is continuing to cause problems for mortgage brokers and their clients, according to Home Buyer Systems (HBS).

The cost of cheap fixed-rate deals available through intermediaries has increased for the average second time buyer, according to figures from Defaqto, although the cost of first time buyer products has come down. An analysis by HBS on 24 June shows the cheapest intermediary mortgage product for first time buyers would cost £2,002 more than the cheapest direct product over two years. By 4 July, the gap had narrowed to £1,515. However, the gap between the best second time buyer deal for intermediaries and those available directly from lenders has risen by £83 over two years, from £1,280 o...

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