Two thirds of brokers demand mortgage RDR

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Two in three mortgage brokers believe a ‘mortgage RDR' would be a positive development for the market, according to research from the Mortgage Business Expo.

The survey of brokers also found 94% of brokers are confident they will meet the FSA’s end of March deadline for implementing TCF management information. Most respondents to the survey were aware of the RDR and its implications for the industry and 86% expected a similar review to be conducted on the mortgage market. However, mortgage brokers were more positive about a potential ‘mortgage RDR’, with 65% saying it would be good for the market. Daniel Nwaokolo, director of the Financial Services Scotland Show, says: “It is clear from our results that the RDR is high on the agenda for many ...

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