"Strong and effective lead flow has a heightened importance in times where purchase activity slows," he said.
MAB told FTAdviser "the interest rate chaos" caused by the 'mini' Budget led to an immediate and sharp reduction in housing and mortgage transactions.
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"Firms have adjusted their expectations accordingly in terms of resources, with many pausing recruitment, others have not replaced leavers, while some made short-term cutbacks to match activity levels expected in H1.
"These decisions made by individual firms are being made across the intermediary sector."
ruby.hinchliffe@ft.com
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