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Do u know a mortgage advisor that doesnt charge

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Comments

  • petermb_2
    petermb_2 Posts: 1,565 Forumite
    Hey! dont shoot the messenger.

    Disclosure docs are all well and good as long as they are given to the client.
    According to Which, 37% of brokers they tried didnt provide them.

    All I am saying is dont be fooled into thinking that if you dont provide this information you are merely screwing with your compliance man. You are breaking the law.

    I am sure this does not apply to all you learned people on here but a warning just in case.
    I am a former Broker, former IFA and former compliance officer, for my sins.

    However, I have since seen the light.
  • Nick~C_3
    Nick~C_3 Posts: 11 Forumite
    There are plenty no fee advisers out there. Look here >


    > Click here for Yahoo! Search <
  • kacy75
    kacy75 Posts: 175 Forumite
    Thanks everyone, checked out London and Country and the level of service recieved has been fantastic, easy to talk to and explains everything in easy to understand language, would whole heartedly recommend
    Never look back if you want to move forwards

    Piggyback rewards - £10 costa coffee voucher, one £10 arcadia voucher, £20 boots vouchers,
  • kennyboy66_2
    kennyboy66_2 Posts: 2,598 Forumite
    I am astonished that an IFA could charge a fee and then pocket commission on top.

    In fact, I would question if it should be allowed. Paying a fee should at least guarantee that advice is not clouded by what commision the product pays.

    If the advisor is getting commision as well, how can this be the case ?
    US housing: it's not a bubble

    Moneyweek, December 2005
  • Bunny
    Bunny Posts: 529 Forumite
    Part of the Furniture Combo Breaker
    Is there anyone fee free mortgage advisors that anyone could recommend, I live in Bolton and will be a first time buyer, I feel so lost with trying to get things organised.
  • harpyboy07
    harpyboy07 Posts: 47 Forumite
    Check yr privete msges
  • dunstonh
    dunstonh Posts: 121,189 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    I am astonished that an IFA could charge a fee and then pocket commission on top.

    It's quite easy.

    Mortgage commission of 0.3% doesnt go very far in some parts of the country. In areas where the typical mortgage is under £100k, then a fee is needed to make mortgage business viable.
    In fact, I would question if it should be allowed. Paying a fee should at least guarantee that advice is not clouded by what commision the product pays.

    It is allowed.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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