The Broker Blues Thread

ACG

Also posted here - https://forums.moneysavingexpert.com/discussion/5078663

kingstreet

Just started work on a life application.

Data capture form - client file set up (states non-smoker)

Sanctions - check

Sanctions checklist - check

Sourcing reports - MPA, MPA, LTA, LTA, IP, IP (don't like multi-benefit) - check

Quote - check

Application - smoker status - non smoker (Page 5)

Application - five pages later, discloses smokes cigarettes.

I absolutely adore doing the same job two or three times. Nothing better to do with my time today.

Meh.

amnblog

Does the recent move by HSBC to distribute via Intermediaries, plus the Barclays plan to increase their broker throughput at the expense of their direct arm prove that MMR is killing the direct channels?


Thoughts please?

koexelek

amnblog wrote: »

Does the recent move by HSBC to distribute via Intermediaries, plus the Barclays plan to increase their broker throughput at the expense of their direct arm prove that MMR is killing the direct channels?


Thoughts please?

Certainly hope so

HSBC are going to have to do quite a bit of grovelling to get brokers on side now though, after years of sticking two fingers up to us.

amnblog

We certainly hold them in low esteem at the moment.






They had better get Darren Brown in as the BDM.

Thrugelmir

amnblog wrote: »

Does the recent move by HSBC to distribute via Intermediaries, plus the Barclays plan to increase their broker throughput at the expense of their direct arm prove that MMR is killing the direct channels?


Thoughts please?

I would suggest wider commercial issues. Closure of existing branch network and automation spring to mind. Subcontracting out the "selling" and sales administration of mortgages is an extremely cost effective option as well. The lenders only have to pay for business placed.

Volumes are never going to return to pre 2007 levels. As over time the interest rates on offer will undoubtedly merge closer together. Once the artificial stimuli are removed (i.e. funding for lending scheme).

MMR is here to stay. Only the thin end of a far wider wedge.

kingstreet

I've just reached the requisite level of Heineken consumption and found this;-

https://forums.moneysavingexpert.com/discussion/5102274

The women-folk think I'm deranged for the level of mirth achieved.

Don't stop reading too early!

Thrugelmir

kingstreet wrote: »

I've just reached the requisite level of Heineken consumption and found this;-

After reading that. You would need another. :beer:

Adam3

And reading this thread makes me glad I used a broker.

Thank you guys for fighting our corner :beer:

lonestarfan

It is an odd thread but I did actually take til post number 43 to laugh out loud. Still giggling now :rotfl:
Thanks kingstreet for pointing the thread out!