I have been wondering recently if there is a future for mortgage brokers. There seem to be many factors against their future:
1. Banks cutting costs. Already many banks have reduced or got rid of any comissions payable to mortgage brokers.
2. Smaller number of Banks. With many banks looking to get out of Ireland and none looking to come in the choices for people seeking mortgages has greatly reduced and therefore it is easier for an individual to go to 3 banks as opposed to 11 without any help from a broker.
3. Obviously less mortgages required.
What do people think? I know things will turn around again, but when and if so will brokers be needed?