IFAs and brokers rue lack of mortgage innovation

A report from Charterhouse, entitled Mortgage Intermediaries – The Regulated Environment, also found intermediaries feel lenders have focused more on service than product innovation. The study found that despite there being over 4,000 mortgage products available, 62% of intermediaries think there has been no real product innovation since Offset Mortgages were launched. Two thirds of intermediaries felt the only innovation to occur recently has been an increase in LTV and borrowing capacity, rather than creating new products. Just 12% of those surveyed thought real product innovation ha...