Direct blow to advisers

  • Story by: Emma Ann Hughes
  • Magazine: MortgageAdviser
  • Published Wednesday , May 07, 2008

If I have learnt one thing from working on Financial Adviser, Investment Adviser and now editing Mortgage Adviser it is this - Advisers have long memories.

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In the last few weeks we have been inundated with emails from intermediaries moaning about lenders putting out direct to consumer deals that under cut their intermediary ranges.

Halifax, Woolwich, Nationwide and Abbey were accused on widening the gap between direct to client and intermediary products. All lenders said the move had been about controlling levels of business, they had been forced into it by the market and it was not intended to upset advisers.

To have your say and read the latest 'Home on the range' blog click here.

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