You'd never poke an angry snake with a stick, unless you're very bored or a little reckless. That is unless you're moneysupermarket.com, which did the equivalent with an already harassed and crotchety mortgage industry.
To recap, the consumer finance site moneysupermarket.com, which arguably knew what it was doing, released a story to the financial press at the end of July stating nine out of ten best rate deals are only available direct from the lender. (See here for story) Moneysupermarket.com was forced to retract its figures admitting "a few broker-only deals weren't on it" and denied it ever tried to downplay the value of brokers in the advice process. The number of deals available through brokers is the biggest bone of contention between brokers and lenders at any time. So getting the figures wro...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
