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Consumer comments see Bradford & Bingley halve mortgage panel

24 January 2005
After a survey found that most people thought it was needlessly large, Bradford & Bingley is to half the number of lenders on the panel of its new mortgage broking proposition to 25.

The bank said it selected the 25 after a series of interviews with consumers and research amongst IFAs.

Bradford & Bingley's new proposition includes a flat-rate client fee of £190 and access to exclusive mortgage products.

The bank has 200 advisers and is wants to increase this to 250 by the end of the year.

David Bitner, head of mortgages, told the MoneyMarketing website: "Bradford & Bingley has very deep pockets.

"We are not a small broker relying on five deals a week and we can see through any downturn in the market. Our drive for market share is very aggressive."

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