Lenders have always had special rates and schemes that they only offer to direct applicants, and they have always had schemes that only brokers can access, said Jeremy Davies of Investment Quorum, the intelligent wealth managers.
“Claiming that this reduces options for borrowers is a moot point,” he explained. “Suggesting that brokers are being denied access to certain attractive mortgage schemes is effectively promoting the idea that better deals are more likely to be available by going direct to one lender, and that could mean that people won't stop to consider what might be available across the whole market. From an independent point of view, most good brokers - if they are truly independent and well connected - will still be able to offer a mortgage that's better than just going direct to one lender.”
