How does the Royal Bank of Scotland, despite its recent rebranding, expect brokers to use it when it is still aggressively dual pricing?
The following scenario seems to illustrate the problem nicely.
I had an enquiry for an 80% LTV tracker and the client ended up going direct to NatWest. The rates are as follows:
- Direct – 2.99%
- RBSIP broker product – 5.49%
- Best broker product with another lender – 4.39%
Iwill continue to support lenders that support me and only use RBS/NatWest if there is no alternative.