FSA chief executive Hector Sants is today accused of making "completely contradictory" statements on the issue of dual pricing in an open letter from mortgage adviser Stuart Duncan.
The FSA has already received a number of complaints from intermediaries that they are not able to offer their clients the best mortgage deals as lenders have begun focusing on direct-only mortgages. Under pressure from brokers, Sants last week responded to the issue at the Building Societies Association conference by saying direct-deals did not breach TCF and were a commercial matter for lenders. However, intermediaries are not happy with Sants’s comments, and believe lenders are attempting to discourage customers from seeking advice. Stuart Duncan gives a detailed criticism of Sants’s s...
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