Fluent Mortgages: FCA data reinforces the importance of mortgage brokers

Published on

Dan Payne, managing director of Fluent Mortgages, part of The Fluent Money Group, believes the latest data from the Financial Conduct Authority (FCA) show that it is currently a “golden time” for mortgage brokers.

Payne (pictured) said: “With FCA data confirming that non advised sales of mortgages represented just 3% of the total in the second quarter of 2018, falling slightly from 4% in the first quarter, it provides incontrovertible evidence of the vital role played by human advisers.

“With all the talk of robo-advice, it is clear that while it might become more popular as technology improves, there can be no doubt that human mortgage advice is now almost universally sought by consumers.

“Make no mistake, there has never been a better time to be a mortgage broker, but advisers cannot afford to be complacent. The mortgage market is evolving and thanks to technology the ways in which customers can engage directly are increasing all the time. Those adviser firms who embrace technology that improves the service they give, service their existing customers regularly and recognise that customers with complex situations are their best sources of new business, are the ones which are going to have a strong business next year.

“At Fluent Mortgages, we are seeing a surge in adviser enquiries seeking assistance with complex cases and thanks to the relationships we have developed with many of the UK’s leading specialist lenders, there are solutions available which will help to maintain the primacy of human advice for a long time to come.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Skipton BS cuts residential mortgage rates across fixed range

Skipton Building Society has reduced rates across its residential fixed-rate mortgage range and launched...

Yorkshire BS members save millions through commission-free insurance offer

Yorkshire Building Society says its commission-free insurance proposition has helped members save more than...

Confidence in household finances falls as more families fear impact of unexpected shocks

Nearly a third of UK adults are not confident their household could withstand an...

Landbay cuts Premier buy-to-let rates again as five-year fixes down 17bps

Landbay has reduced rates across its Premier buy-to-let range for the second time this...

Kensington trims rates across buy-to-let product range

Kensington Mortgages has reduced rates across a number of its buy-to-let mortgage products, with...

Latest publication

Other news

Skipton BS cuts residential mortgage rates across fixed range

Skipton Building Society has reduced rates across its residential fixed-rate mortgage range and launched...

Yorkshire BS members save millions through commission-free insurance offer

Yorkshire Building Society says its commission-free insurance proposition has helped members save more than...

Confidence in household finances falls as more families fear impact of unexpected shocks

Nearly a third of UK adults are not confident their household could withstand an...