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Further distribution reviews likely
26 June, 2008
Mortgages for Business is warning there is likely to be more lenders reviewing their distribution channels following the decision yesterday by Mortgage Express to move to a limited distribution model.
Mortgage Express yesterday confirmed it would be reducing the number of distribution channels which would “allow it to continue to manage volume flow, improve credit quality, maintain service standards and support its intermediary partners in core markets”.
Nick Blunt head of business partner development at Mortgages for Business commented: “I am sure there will be other lenders following this move as they look to build further on their core relationships with expert brokers in their field.”