A new phenomenon may be affecting the low rate mortgage market. Dual home pricing is a real problem for many and this may be part of the reason that low rate mortgages are so hard to get at this time. One thing is clear, buyers need to be careful and search far and wide for a true low rate mortgage.
Managing director Richard Angliss says: “These statistics are facts, not speculation, and they support our view that the only way forward for mortgage intermediaries is to change their business models to enable them to research and recommend direct-to-lender products and to charge the customer a reasonable fee for this service, with the customer still enjoying a considerable saving.
“Feedback from mortgage adviser blogs and other sources shows that some IFAs and mortgage brokers believe that they cannot recommend direct-to-lender products because the lender will not supply a KFI. This belief is erroneous, and the FSA confirms on its website that if an adviser has the ability to produce a KFI for a direct to lender product there is nothing to stop them doing so. Our HBSLite system, designed to give advisers everything they need to sell direct-to-lender products, can produce a KFI for every mortgage product currently on offer across the entire mortgage market.”
Related reading: Low Rate Mortgages
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