Concerns have been raised that mortgage lenders will look to increase the market share of their direct channels in advance of the MMR.
Following HSBC’s decision to price match mortgages at the 90% LTV level on the high street, LSL’s David Copland has warned that lenders could look to send sales towards direct channels ahead of Mortgage Market Review implementation.
“Because of the pressure on the high street we could see some lenders moving to offer better rates in their branches to try and get close to HSBC,” he said.
The latest Mortgage Solutions People’s Poll asks if you see direct channels taking a bigger share of the mortgage market between now and April?
Click HERE to have your say.
