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Online protest at dual-pricing

An online petition on the Downing Street website against dual-pricing in the mortgage market has received 383 signatures.

The petition, which was started by Ronnie B Mortgages director Richard Betts last week, is calling for the Government to stop banks from pricing intermediaries out of the mortgage market.

Betts says: “We thought the issue needed to be addressed. We hope we can help create a better environment between advisers and lenders.”

Independent Mortgage Bureau managing director Scott Moorhouse has signed the petition and says: “This is an opportunity to show our disdain at how the Government is turning a blind eye to this issue.”

Moorhouse says the main culprits of dual-pricing are the nationalised banks. He says: “It is particularly galling for taxpaying brokers and their clients, who are funding these banks, to not be able to get hold of the best deals.”

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