Brokers scoff at rise of internet 'threat'

A poll conducted by the Royal Bank of Scotland (RBS) at its Intermediary Roadshow in Manchester last week found 15% of brokers felt "no threat at all" because people prefer to arrange their mortgages face-to-face. Around six in 10 respondents said they felt there will still be room for mortgage advisers despite the increased competition coming from online sources. Only 6% felt the internet was going to be a big threat to their businesses while one in five (18%) said they would embrace the web and ensure their online presence takes advantage of the benefits the internet offers. Chris P...