The move by Halifax to set price fee caps is a bid to “dictate” the payment terms of suppliers, according to the Association of Mortgage Intermediaries. The body adds that the imposition of a cap is a move towards “price-setting” that “potentially restricts consumer choice.” Halifax, owned by Lloyds Banking
The Association of Mortgage Intermediaries has called the City regulator’s plans to lift fees for brokers by 9.2% to £23m “a slap in the face” for intermediaries. The Financial Conduct Authority has set out proposals to fund its work for the coming year in a consultation paper, called 'FCA regulated fees and