Mortgage brokers say they do not expect that B&B's move will have much impact on the level of business at subsidiary Mortgage Express.
Hamptons broker Jonathan Cornell says Mortgage Express is obviously still a core part of B&B and he expects it to be “business as usual”.
Cornell describes the lender as “excellent, with fantastic service”, especially in the buy-to-let market. He says brokers using Mortgage Express will continue to do so.
Mortgageforce managing director Rob Clifford says in the past, Charcol has been accused of favouring Mortgage Express but if Charcol continues to place big amounts of business with it, these claims will prove to be unfounded.
Consultant Mark Chilton suggests that B&B will put more weight behind Mortgage Express now it has changed its offering to multi-tie and he questions whether Mortgage Express will move into the mainstream market.