79% Frown on idea of using limited lender panels

A whopping 79% of Mortgage Strategy Online readers last week voted that it is not in the spirit of Financial Services Authority guidelines for brokers to use a panel of just three lenders.

Despite both brokers and experts arguing in this weeks’ magazine that there is nothing wrong with offering a reduced panel, just 21% of those who responded to our online poll thought it was above board.

This week MS asks: “With first-time buyers struggling, is it time for lenders to relax income multiples?”