A Coventry Intermediaries’ survey has seen brokers vote massively against dual pricing and direct only deals.
1,240 brokers took part and rated Coventry’s ‘seven pledges’ in their order of preference. 73% of respondents voted at least one of the following Coventry pledges within their top two choices: ‘All direct mortgage products available to intermediaries’ and ‘no dual pricing between business channels.’
Colin Franklin , Coventry’s sales and marketing director, said: “We had a fantastic response from the sector with many brokers eager to tell us what they think. Given the current climate it is not surprising that the pledges brokers appear to value most are our commitment not to dual price and to ensure that all our direct mortgage products are available to brokers. We were the first lender to make these promises to the intermediary sector in 2007 and throughout the economic downturn our commitment has not waived.””
