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Broker Talkback

Do you agree with some mortgage networks’ call for brokers to understand and make allowances for the strain being place on lenders by the credit crunch?

Yes 25%
No 75%

No

“Lenders have dug their own hole and they should have to get themselves out of it. Why should the client bear the brunt of their mistakes?”

Andrew Giles, Maidstone Mortgage Centre

No “I think it should be the other way around. Lenders should try harder to understand advisers.”

Tony Scott, Financial Solutions

No “It is annoying when products are all of a sudden pulled mid-flow rather than giving you some kind of cut-off point.”

Tony Little, N T O’Reilly & Partners

Yes “You have to picture what they are paying for and if they cannot afford it, the brokers need to understand that. The banks and the building societies cannot keep on getting the blame.”

Raymond Davies, Wetherby Insurance Services

No “The pressure is on the brokers to find the mortgage for a client. It is a nice concept but in real terms the broker has to find the deals and the pressure is just going to increase.”

David R Haines, David Haines

No “They are going direct to the client and trying to offer a better rate direct. Lenders have a cheek.”

John Daniels, J D Financial Consultancy

Yes “These are difficult markets to place and that needs to be conveyed to the consumer.”

Michelle Moran, Plan Invest Group

No “They need to understand where the adviser comes from on these deals.”

Rob Simpson, Simpson Financial Services

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