Platform’s surveys, available exclusively to Mortgage Introducer, polled 700 brokers prior to the final rules announcements and 400 subsequently. Meanwhile, CETA questioned 482 intermediaries during the final quarter of 2003.
The two surveys from Platform actually showed a decrease in the number of intermediaries now planning to go directly authorised, but the overall figure remained high at 79 per cent (down from 88 per cent). CETA polled 75 per cent in favour.
The Platform polls also revealed that fewer brokers now intend to work independently to offer whole-of-market advised sales. From the previous survey, the numbers of brokers choosing this option dropped from 94 per cent to 74 per cent.
The survey also revealed a shift in brokers’ attitudes towards sourcing systems and lenders websites for Key Facts Illustrations (KFIs). In the initial poll 41 per cent said they would use sourcing systems, in the second poll that figure jumped to 56 per cent.
CETA’s poll revealed strong support for regulation with 65 per cent coming out strongly in favour, compared with only 20 per cent against. The vast majority (77 per cent) also felt the new regime would drive rogue brokers from the market.
The results were welcomed by Platform’s director of sales and marketing, Guy Bachelor, who said: “We will continue to work with all our intermediaries to help them through regulation.”
