Nearly one in three mortgages broker-only

Of the mortgages on offer 29% are available only through brokers with another 31% available direct and through intermediaries, according to Evaluate Technologies. Abbey and Alliance & Leicester's recent broker-only launches, and Nationwide's decision to not dual-price, are boosting the broker market, Evaluate believes. However, nearly 40% of mortgage products are still only available direct including market-leading products from HSBC and Cheltenham & Gloucester. To compete, brokers must face the issue of lenders increasingly going direct to consumers by enhancing their online offer...