FSE 2013: Expect aggressive pricing in 2014
Speaking at the Financial Services Expo Andrew said: “Disruption from the implementation of MMR is inevitable.
“As such we can expect lenders to become much more aggressive towards the end of the year as they try to take a healthy pipeline into 2014.
“You’ll also probably see lenders leave the blocks quite quickly at the beginning of next year on pricing as we’ve seen as we have approached previous implementations such as RDR.
“I’d expect a strong start to 2014 with a drop off around March/April as lenders get used to the new systems and controls.”
MMR comes into effect on 26 April 2014.