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Most readers fear lenders will abandon brokers

Some 68% of Mortgage Strategy Online’s readers think that lenders will start to cut brokers out of their mortgage business.

Just 32% think lenders will retain brokers as part of their strategies.

This week, Mortgage Strategy asks: “Do you think any UK lenders with US parent companies will be around this time next year?”

Q: Do you think lenders will start to cut out brokers this year?


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£38m write-downs for B&B

Bradford & Bingley has revealed it took write-downs of £38m in Q1 2008.

Equity release demand falls

Demand for equity release plans fell 16.5% in Q1 this year compared with the previous quarter, Key Retirement Solutions reveals.The firm’s Equity release market monitor shows that although demand fell, more than £290m was released from UK homes in Q1. KRS says the average amount released by clients increased from £48,000 to £53,000.Dean Mirfin, business […]

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