Brokers rising above dual-pricing anger - IMLA

A study conducted by the Intermediary Mortgage Lenders Association (IMLA) found 63% had recommended a lender-direct deal at least once. More than half of the 486 brokers surveyed said the most suitable product for their customers is often unavailable to them. FSA chief executive Hector Sants told the Building Societies' Conference in Manchester in May that dual pricing is not against TCF, adding lenders are not obliged to deal through brokers. However, in an IFAonline poll, almost 90% of respondents said dual-pricing breaches TCF and should be banned. “The market has become increasingly...