TenetLime managing director Gemma Harle predicted a turnaround in favour of brokers at the Tenet conference last month and 25% of respondents expect this to occur in the coming months as lenders deal with the impact of the Mortgage Market Review.
However, the majority of brokers (57%) said they expect pricing to remain roughly the same with a further 18% expecting lenders to dual price in favour of direct channels.
“Dual pricing, which has been here forever and will be here forever, will move in favour of the intermediary as lenders look to drive volume through that channel while they bed in the requirements under MMR,” Harle said.
At the conference Harle also said she expected the total mortgage market to reach £200bn by 2015 with the market share of intermediaries growing to more than 60%.
