Lenders 're-thinking' dual-pricing stance

Paul Rignell, mortgage manager at the firm, says some lenders are re-thinking the long-term benefits of dual pricing and could start to change their attitudes towards the intermediary market. “Lenders have seized the opportunity to take control and maximise profits to help bolster their balance sheets," he says. "But they are waking up to the fact that they don’t want to disenfranchise a huge section of the market that has produced perhaps two-thirds of their business in recent years." With the rates on some mortgages currently available through intermediaries costing as much as 0.5% mor...