LIVE FROM JEREZ: Intermediary v high street war needs ceasefire

Intermediaries do not have to directly compete with lenders going direct to consumers through high street branches and can instead form strategic relationships.

Speaking at a debate at Mortgage Strategys Mortgage Summit in Jerez, Larry Banda, head of mortgages at Nationwide, says nobody will benefit from the battle between the distribution channels.

Landa told delegates: There is constant talk of there being a battle between intermediaries and the high street.

What is important is to establish strategic relationships between the two so it does not have to become a struggle.”