The snake that bit back

You'd never poke a snake with a stick. Unless you're moneysupermarket.com, which did the equivalent with a harassed and crotchety mortgage industry.

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You'd never poke an angry snake with a stick, unless you're very bored or a little reckless. That is unless you're moneysupermarket.com, which did the equivalent with an already harassed and crotchety mortgage industry.

To recap, the consumer finance site moneysupermarket.com, which arguably knew what it was doing, released a story to the financial press at the end of July stating nine out of ten best rate deals are only available direct from the lender. (See here for story) Moneysupermarket.com was forced to retract its figures admitting "a few broker-only deals weren't on it" and denied it ever tried to downplay the value of brokers in the advice process. The number of deals available through brokers is the biggest bone of contention between brokers and lenders at any time. So getting the figures wro...

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