Why do mortgage lenders tender better rate to independent broker compared to what they proposal on the high-ranking street
Answers:
Hello,
when a client goes tro see an Independent Mortgage Broker, the broker will first of all do a factfind to find out as much as they can roughly speaking the client. they will then pump this information into a database of mortgage products in decree to find the best one in the given circumstances. Banks need to trade name sure they have competitive rates to finish at the top of these search engines. If one and the same client goes directly into a bank after there is no comparison and therefore no want to offer such competitive rates.
At the moment in the uK the reverse is if truth be told true. Many banks are offering better deals direct and trying to knock mortgage brokers out. This is call "Dual Pricing".
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