Brokers job is harder one year after M-Day

Findings from an Alliance and Leicester Mortgages independent broker survey reveal 58% of intermediaries report decreased profits and frustration compared with 44% 100 days into regulation. According to the research, 77% of intermediaries feel their job has become more difficult since M-Day, with 82% of appointed representatives apparently find it the hardest compared with 72% of those who are directly authorised. Over half of brokers claim they needed to increase their turnover in order to achieve the same level of profitability they enjoyed pre-regulation. This survey also reveal...