Third of brokers plan to exit market in next five years

Tenet Lime's first broker survey showed that, of those looking to leave, 69% were directly authorised (DA) intermediaries. Appointed representatives (AR) and DAs both cited the economy, the growth of direct deals and dual pricing, and regulation as the biggest threats to their businesses. DAs were more concerned about the FSA than ARs, with a quarter of DAs seeing it as a major threat to their future compared to 10% of ARs. However, Tenet Lime found that all respondents were worried about the FSA's Mortgage Market Review and did not know what it would mean for their business. Half ...