| Latest Post |
Advertising
The sourcing provider said it had undertaken an "exhaustive consultation" with customers and there had been no pressure from advisers or the FSA to make the change.
Martin Colyer, managing director of Trigold, said: "As the leading provider of sourcing software in the market we felt it was important to make our position on this issue clear.
"We have 26,000 advisers subscribing to more than 80 versions of the Trigold system and so we are in no doubt of the responsibility we have to provide these users with the tools that they need to conduct business.
"Neither the FSA nor the intermediary community is pressing for direct deals to be shown which is understandable with the system able to products key facts illustrations for in excess of 15,000 products from more than 100 mortgage lenders.
"There is of course the possibility that if the difference in pricing changes significantly the FSA might revise its position and ask intermediaries to consider the direct only products.
"We will not make knee-jerk decisions but will act swiftly and appropriately to support the intermediary market. We will, of course keep a watching brief on the situation and communicate with our customers and the market whenever appropriate."
The news comes as Home Buyer Systems launched a standalone system that enables mortgage advisers to source direct to client products from the Defaqto database.
Richard Angliss, managing director of Home Buyer Systems, said: "In the current situation, mortgage advisers cannot afford to turn business away and HBS-Lite will enable them to offer a fee-based service to customers whenever the sourcing system shows a direct-to-lender product is the best option for the customer."