One story in particular that caught my eye this week in the industry press was the report that members of Legal & Generals Mortgage Club have “voted overwhelmingly against the use of dual pricing by lenders.” This is all very well, but isn’t it a bit like Turkeys voting against Christmas? (As one of our office wags put it).
If there is one subject that guarantees to raise blood boiling levels for brokers and lenders alike it is the subject of dual pricing. This type of pricing is nothing new, it has been around for years, although mainly it had been in the brokers favour.
Andrew Montlake, Communications Director at Coreco and ‘Mortgage Personality of the Year 2008’, gives his views — honest and no holds barred — on the latest developments within the mortgage and property markets.
