Advisers fear relations with lenders will worsen

At an event for brokers hosted by Leadbay, they also said many of them are considering changing their business models to a fee-charging structure as lenders move away from dealing directly with intermediaries. Those present at the event felt the priority for lenders going forward is to control their distribution channels. Leadbay says lenders are likely to focus on brokers that can supply good quality business rather than quantity of business. Brokers who wish to distribute for lenders will need to ensure they can secure high quality clients. Brokers said they felt they are coming under...