View more on these topics

Intermediaries did not complain when they got exclusives

Regarding the article on the government’s stance on dual pricing and readers’ comments on Mortgage Strategy Online, I’m sorry but no brokers complain when they get exclusive deals from lenders, especially when these are priced less than direct products.

Yes dual pricing is annoying, but that’s how it is just now. I charge a small fee for advice on direct products, that way I don’t lose out.

My customers don’t mind as they know they are paying for a good service and the right product recommendation.
I really don’t see the problem here.

Sarah Smith


Bradford & Bingley sues law firms over same-day remortgaging deals

Bradford & Bingley is pursuing negligence claims against law firms over advice received on same-day remortgage buy-to-let deals. The state-owned building society alleges that firms breached anti-fraud guidelines on hundreds of loans now facing losses. The Financial Times recently reported that the action is focused on cases of same-day remortgaging, where bridging loans are used […]


Simple truth about lenders’ scorecards

Following on from last week’s column regarding scorecards I will attempt to debunk the differences between a lender’s lending policy and scorecards. Lending policies outline what type of lending it will accept and takes into consideration things like LTVs, income types, geographical rules, property type, and age of borrower among other things. If two lenders […]


News and expert analysis straight to your inbox

Sign up