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Lenders are held to ransom by brokers? You must be joking

I can’t believe Grenville Turner’s comments about the intermediary market holding lenders hostage (Mortgage Strategy Online).

As a former packager who solely used Countrywide I feel betrayed. I am sure this is a ploy by Countrywide to align itself more closely with the lender market and gain more business, which shows how shallow Turner is.

He’s so misinformed it’s shocking. Consumers will always opt for independent advice over tied advice as it is in their best interests and why we have such a vibrant lending community today.

Lenders milked the industry in the good times just like brokers, and they did it with their eyes open. The only reason direct business is building is dual pricing.

Lenders should be careful about how far they push the broker sector because one day specialist lending will return and the battle will recommence. Lenders being held to ransom by brokers? You’re having a laugh.



Funding should top the political agenda

The Council of Mortgage Lenders’ recent annual lunch was a brighter affair than last year’s. There appeared to be a lot more professionals in attendance – probably 600 or so – and there was definitely optimism in the air. At the same time last year we were right in the thick of the mess and […]

Platform unveils range starting at 3.49% for brokers

Platform has launched a range of two-year fixed rate deals for brokers, with rates from 3.49%. The range includes a product at 3.49% up to 70% LTV, a 3.69% deal up to 75% LTV and a 4.79% deal up to 80% LTV. These products are available to intermediaries with Legal & General, Pink Home Loans, […]

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Pension freedoms: stop the scams

At the beginning of 2015, we highlighted that the new pension freedoms that come fully online on 6 April also represent a very attractive opportunity for the criminal fraternity to scam savers out of some, or all, of their accumulated retirement savings.


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