‘Comparison sites are a ringing endorsement for local mortgage brokers’ – Star Letter 23/08/2019

‘Comparison sites are a ringing endorsement for local mortgage brokers’ – Star Letter 23/08/2019

 

This week, our readers had a little something to say with regards to the Experian data which showed that 33 per cent of customers did not meet the full lending criteria when their eligibility was tested through price comparison sites.

RhysieDS said Experian had “missed the point entirely” by highlighting the fact that this only applied to the mortgages that were available through the one channel.

They said: “If that isn’t a ringing endorsement for a client’s first port of call to be their local mortgage broker, I don’t know what is.”

Stuart Powell echoed this by saying the wrong conclusion had been drawn from the data, reaching his own verdict and saying his advice to a client would be to “go to a broker to greatly increase your chances of receiving good advice and obtaining the most suitable mortgage deal for your circumstances”.

Questioning Experian’s Lisa Fretwell’s take on the data, he added: “I wonder why this wasn’t her conclusion?”