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Brokers resent lenders that offer products direct

They may control as much as three-quarters of the mortgage market but brokers still resent lenders that offer products direct to consumers.

A massive 68% of Mortgage Strategy Online readers feel short-changed by such tactics.

This week Mortgage Strategy asks: “Are you worried about wobbles in the US sub-prime market?” Q: Do you feel short-changed when lenders offer products direct to consumers?

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Personal advice spurs saving

Face-to-face financial advice is the key to helping to bridge the UK’s £2.3trillion protection gap, claims Co-operative Insurance. Its research has found personal advice is a key factor in encouraging previous non-savers to get into the savings habit – a process that should be replicated in the protection market.

Rate cut on B2L deal

Royal Bank of Scotland Intermediary Partners is to cut the rate on its NatWest buy-to-let two-year fixed rate mortgage to 5.35% from 5.74%.

Reversions boom predicted

Home reversion plans will take up to 10% of the equity release market within the next two years, says Bridgewater Equity Release.

Welfare shake-up may boost the B2L market

Historically, properties let to tenants claiming welfare have been seen by lenders as risky business and many excluded such tenancies in their terms and conditions.

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