Mortgage advisers are hoping the launch of Natwest Intermediary Solutions will signal the start of better exclusive deals for brokers.
This week, Royal Bank of Scotland announced it is rebranding its intermediary arm from RBS Intermediary Partners to Nat-west Intermediary Solutions. Natwest says it is launching a range of core products for brokers and a range of exclusive deals with some strategic partners.
John Charcol senior technical manager Ray Boulger says: “RBS has been the biggest culprit of dual-pricing over the last year or two, so the most important thing is for them to come back into the market with a sensible range of products priced appropriately.”
London & Country Mortgages technical manager Richard Morea says: “The change to Natwest will certainly not do their image any harm.”
He hopes the move bodes well for a better relationship with brokers. Morea says: “It is good to see them looking to build a stronger link with brokers. I would expect broker exclusives to be competitive, otherwise there is little benefit in having them.”
Natwest Intermediary Solutions also plans to introduce a number of new savings, investment and protection products during the year.