Mortgage club brokers "already adopt multi-lenders"

Three out of four mortgage advisers already use at least one "multi-lender" organisation, even before the new multi-tie regime takes effect, says the latest survey from the Intermediary Mortgage Lenders' Association. Evidence from the trade body which supports advisers, lenders, mortgage packagers and brokers, says the key reason intermediaries are making the switch is the higher fees and commission available through a one-stop shop, while other advisers say their preference towards mortgage clubs or networks tends to be the ease of use and a better range of products. IMLA chairman ...