TITLE

Dual pricing is no problem, says OFT

AUTHOR(S)
Holt, Natalie
PUB. DATE
May 2008
SOURCE
Mortgage Strategy;5/19/2008, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the Office of Fair Trading (OFT) of Great Britain approved the practice of dual pricing by lenders as long as lenders do not break competition law. The OFT said dual pricing does not constitute a breach of competition law as long as the mortgage share of the lender is not more than 40%. However, brokers do not agree to the issue such as Mosaic Mortgage Club which started a campaign to stamp out dual pricing in addition to Dump Dual Pricing campaign of the journal.
ACCESSION #
32193501

 

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