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Commented by: Baz at 10 Dec 2008 02:30 PM
It may be a dream However:

Would'n it be great if the Banks (due their only offering their own products) were forsed only to offer loans to the general public via a broker, who was able to properly and without bias, facilitate the client with the product that best suited their needs.

It would mean that the Broker is actually recognised for the role they play and the banks are recognised as being in the industry for the opportunity to make as much money as possible. The winner would be the client.

Let's be realistic. As the numbers of funders reduce over the next 12 months who is going to ensure the banks stay competitive. Winner the Banks Clients WILL loose.

I would suggest the best placed for that role are in fact the brokers?

Anyway. Being relatively powerless to make any changes to the big 4, Brokers are looking at present at following very close behind the nonbanks (From where the power for change came) in a mass exit from the financial markets. It would be apparent that THEN; the broker would indeed be recognised as an impoortant part of the process.




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