The lending community is at last re-awakening to the fact that intermediary distribution is a valuable service, with the realisation also dawning on the remaining minority of borrowers not currently using a broker.
Last week, the Association of Mortgage Intermediaries (AMI) published its ‘Value of Mortgage Advice’ report. It came at a time when the tide started to change significantly in the disparity of pricing through differing distribution channels. Indeed, last week, Nationwide made it clear that it thinks dual pricing “is a phase and it will not last indefinitely”. Members reported that exclusive deals were starting to return to the market, including last Friday’s announcement that the West Bromwich is launching a range of mainstream and buy-to-let products to intermediary distribution. All t...
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