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Some lenders are kicking brokers while they’re down

I support the sterling efforts of the Association of Mortgage Intermediaries in fighting brokers’ corner at this tough time.

But despite AMI’s complaints, dual pricing is still going on. In fact, it seems all the shouting has fallen on deaf ears.

Barclays and NatWest are offering competitive rates for direct clients only. So after all the support we have given these lenders over the years, they are kicking us when we’re down.

With many banks becoming nationalised I hope the government will highlight the importance of professional financial advice, then leave it to us experts to provide guidance on mortgages.

It concerns me when companies such as Hamptons International close their mortgage arms. Does Hamptons foresee something we should be concerned about, like the end of mortgage broking?

I hope not because consumers need a healthy mortgage market that allows access to expert advice.

Amir Kharkowa

Options Independent Morgage Advisers

By email


Regulator costs us a fortune but lets banks off lightly

From time to time Mortgage Strategy publishes readers’ letters that refer to the FSA. In almost all cases the writers prefer to remain anonymous, presumably to avoid the ire of the regulator. I too fall into this category.

Product design is rarely the problem

The national press seems to be predicting that the Prime Minister is about to instruct the Financial Services Authority to ban 100% LTV lending. The idea is meant to symbolise a new era of responsible lending.


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