Park Row managing director of mortgages Kevin Paterson says lenders should have been more open with their information in the lead up to M-Day.
Paterson says sourcing systems are suffering because of the attitude of lenders. Paterson says: “The whole industry should be more open as standard.”
Paterson also says Park Row will not be doing business with Alliance & Leicester as the lender has said it will be restricting the amount of business it does with individuals and firms until after January 2005.
He says: “Brokers want ease of access, be independent and be whole of market in the true sense of the word. The problem is we certainly wont trust A&L again.”